Cheap Apartments for Rent in the Downtown Waterloo Neighborhood of Waterloo, IA from $400 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Waterloo area of Waterloo.

property at 303 Logan Ave

$625 - $850

1 To 3 Bedroom Rentals

Available Now

303 Logan Ave

WaterlooIA50703

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Marsh Place Apartments
1 to 2 Bedroom Apartments

Marsh Place Apartments

627 Sycamore StWaterloo, IA 50703
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Russell Lamson
Studio to 3 Bedroom Apartments

Russell Lamson

209 W 5th StWaterloo, IA 50701
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-38, Page 1 of 1

Cheapest Available Downtown Waterloo Apartments for Rent

 

The cheapest available apartment rental in the Downtown Waterloo area of Waterloo, IA is a 2 Beds unit found at Leavitt Park Apartments - Waterloo, IA priced from $895. Art Bloc has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Downtown Waterloo apartments for rent in Waterloo, IA:

Apartment ListingModel NameBed/BathPriced From
Leavitt Park Apartments - Waterloo, IAStandard Unit2BR,1BA$895
Art Bloc1A1BR,1BA$1,250
Riverwalk Residences1st Month Free2BR,2BA$1,250
Park Avenue LoftsMezzanine Loft - AVAILABLE NOW!1BR,1BA$1,300
The Grand Crossing2 Bed (Smaller)2BR,2BA$1,750

Best Value Apartments for Rent in Downtown Waterloo, IA

As of January 28, 2026 the best value apartment in the Downtown Waterloo area is the $1.51 price per square foot 2 Bedroom (Large) Model at The Grand Crossing in the in the Downtown Waterloo neighborhood starting from $1,850. The second greatest value Downtown Waterloo apartment is the 1st Month Free Model at Riverwalk Residences starting at $1,250 with a $1.19 price per square foot in the Downtown Waterloo neighborhood. Here is today’s list of the best values for Downtown Waterloo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Grand Crossing2 Bedroom (Large)2BR,2BA$1.51
Riverwalk Residences1st Month Free2BR,2BA$1.19
Leavitt Park Apartments - Waterloo, IAStandard Unit2BR,1BA$1.28
Park Avenue LoftsMezzanine Loft - AVAILABLE NOW!1BR,1BA$2.00
Art Bloc1C1BR,1BA$2.95

Frequently Asked Questions about Cheap Downtown Waterloo Apartments

How much is rent for a Cheap One Bedroom Downtown Waterloo Apartment?

The lowest price for a Cheap One Bedroom Downtown Waterloo Apartment is $1,250 at Art Bloc.

What is the lowest price for a Cheap Two Bedroom Downtown Waterloo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Waterloo is starting from $895 at Leavitt Park Apartments - Waterloo, IA.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.