440 Florence St
WaterlooIA50703
Cheap Homes for Rent in Downtown Waterloo Neighborhood of Waterloo, IA from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterloo area of Waterloo.
313 Dearborn Ave
WaterlooIA50703
147 French St
WaterlooIA50703
206 Clay St
WaterlooIA50703
419 Ankeny St
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.
532 Western Ave
WaterlooIA50702
261 Madison St
WaterlooIA50703
247 Madison St
WaterlooIA50703
1213 Manson St
WaterlooIA50703
1227 W Mullan Ave
WaterlooIA50701
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.
1235 W Mullan Ave
WaterlooIA50701
723 W 1st St
WaterlooIA50701
621 W 9th St
WaterlooIA50702
1503 Franklin St
WaterlooIA50703
704 W 1st St
WaterlooIA50701
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.
Showing Results 1-15, Page 1 of 1
Downtown Waterloo, Waterloo, IA Local Guide
How much does it cost to rent a home in Downtown Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waterloo 2 Bedroom Homes for Rent | $842 | $600 | $1,700 |
| Downtown Waterloo 3 Bedroom Homes for Rent | $945 | $725 | $1,200 |
| Downtown Waterloo 4 Bedroom Homes for Rent | $1,087 | $900 | $1,150 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Waterloo Neighborhood of Waterloo, IA.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Leavitt Park Apartments - Waterloo, IA | Standard Unit | 2BR,1BA | $895 |
| Art Bloc | 1A | 1BR,1BA | $1,250 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1,250 |
| Park Avenue Lofts | Mezzanine Loft - AVAILABLE NOW! | 1BR,1BA | $1,300 |
| The Grand Crossing | 2 Bed (Smaller) | 2BR,2BA | $1,750 |
Best Value Apartments for Rent in Downtown Waterloo, IA
As of January 25, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Grand Crossing | 2 Bedroom (Large) | 2BR,2BA | $1.51 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Leavitt Park Apartments - Waterloo, IA | Standard Unit | 2BR,1BA | $1.28 |
| Park Avenue Lofts | Mezzanine Loft - AVAILABLE NOW! | 1BR,1BA | $2.00 |
| Art Bloc | 1C | 1BR,1BA | $2.95 |
Frequently Asked Questions about Downtown Waterloo
What type of rentals are currently available in Downtown Waterloo?
There are currently 72 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $595 to $2,500. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterloo ranging from $550 to $1,700.
What is the current price range for Rental Homes in Downtown Waterloo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Waterloo ranges from $550 to $1,700 with an average monthly rent of $894.
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
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.
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.
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.
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.