440 Florence St
WaterlooIA50703
Cheap Homes for Rent in Downtown Waterloo Neighborhood of Waterloo, IA from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterloo area of Waterloo.
1001 1/2 Randolph St
WaterlooIA50702
313 Dearborn Ave
WaterlooIA50703
419 Ankeny St
WaterlooIA50703
1503 Franklin St
WaterlooIA50703
1424 Grant Ave
WaterlooIA50702
251 Madison 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.
118 Harrison St
WaterlooIA50703
621 W 9th St
WaterlooIA50702
723 W 1st St
WaterlooIA50701
816 Dawson St
WaterlooIA50703
418 Sunnyside Ave
WaterlooIA50701
911 Ashland Ave
WaterlooIA50703
704 W 1st St
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.
Showing Results 1-14, 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 | $851 | $615 | $1,250 |
| Downtown Waterloo 3 Bedroom Homes for Rent | $996 | $695 | $1,200 |
| Downtown Waterloo 4 Bedroom Homes for Rent | $1,220 | $1,150 | $1,450 |
| Downtown Waterloo 5 Bedroom Homes for Rent | $1,595 | $1,595 | $1,595 |
| Downtown Waterloo 6 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Downtown Waterloo Neighborhood of Waterloo, IA.
Explore Waterloo
Let everyone know!
Do you know the Downtown Waterloo area?
If you’re an expert on all things Downtown Waterloo, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $920. Art Bloc has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. 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 | ***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ... | 2BR,1BA | $920 |
| Art Bloc | 3rd Floor Studio | Studio,1BA | $1,100 |
| Park Avenue Lofts The Temple | Studio W/O Laundry | Studio,1BA | $1,100 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1,250 |
| Grand Crossing | 2 Bed - 1 Bath (2B) | 2BR,1BA | $1,700 |
Best Value Apartments for Rent in Downtown Waterloo, IA
As of March 14, 2026 the best value apartment in the Downtown Waterloo area is the $1.50 price per square foot 2 Bed - 1 Bath (2B) Model at Grand Crossing in the in the Downtown Waterloo neighborhood starting from $1,700. 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. |
|---|---|---|---|
| Grand Crossing | 2 Bed - 1 Bath (2B) | 2BR,1BA | $1.50 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| 900 W Parker St, Unit B | 900 W Parker St | 2BR,1BA | $0.92 |
| Leavitt Park Apartments - Waterloo, IA | ***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ... | 2BR,1BA | $1.31 |
| 832 W 1st St, Unit 832 1/2 W | 832 W 1st St | 1BR,1BA | $1.01 |
| Art Bloc | 1 Bed - Furnished | 1BR,1BA | $3.33 |
| Park Avenue Lofts The Temple | Studio W/O Laundry | Studio ,1BA | $2.29 |
Frequently Asked Questions about Downtown Waterloo
What type of rentals are currently available in Downtown Waterloo?
There are currently 70 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $600 to $2,500. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterloo ranging from $550 to $1,595.
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 $1,595 with an average monthly rent of $1,092.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.