440 Florence St
WaterlooIA50703
Cheap Homes for Rent in the Downtown Waterloo Neighborhood of Waterloo, IA from $550 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterloo area of Waterloo.
314 1/2 E Mullan Ave
WaterlooIA50703
1406 W 3rd St
WaterlooIA50701
704 W 1st St
WaterlooIA50701
228 1/2 Randolph St
WaterlooIA50701
216 Pleasant St
WaterlooIA50702
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
306 Sullivan Ave
WaterlooIA50701
518 Locust St
WaterlooIA50702
518 1/2 Locust St
WaterlooIA50702
1027 W 5th St
WaterlooIA50702
251 Madison St
WaterlooIA50703
1254 W Mullan Ave
WaterlooIA50701
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
937 Conger St
WaterlooIA50703
316 Park Rd
WaterlooIA50703
611 Sycamore St
WaterlooIA50703
406 Gable St
WaterlooIA50703
415 Adams St
WaterlooIA50703
1272 W Mullan Ave
WaterlooIA50701
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
301 Leland Ave
WaterlooIA50701
Showing Results 1-19, 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 | $821 | $670 | $1,075 |
| Downtown Waterloo 3 Bedroom Homes for Rent | $982 | $795 | $1,200 |
| Downtown Waterloo 4 Bedroom Homes for Rent | $1,087 | $900 | $1,300 |
| Downtown Waterloo 5 Bedroom Homes for Rent | $1,341 | $1,250 | $1,400 |
Browse Homes for Rent in this Neighborhood
There are currently 19 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 1 Bed unit found at Russell Lamson priced from $761. 303 Logan Avenue MultiFamily has the second lowest priced unit, which is a 3 Beds apartment currently listed from $800. Here are the most affordable Downtown Waterloo apartments for rent in Waterloo, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Russell Lamson | 1 Bedroom | 1BR,1BA | $761 |
| 303 Logan Avenue MultiFamily | 3BR/1.0BA | 3BR,1BA | $800 |
| Leavitt Park Apartments | Leavitt Park Apartments | 2BR,1BA | $920 |
| Park Avenue Lofts The Temple | Studio W/O Laundry | Studio,1BA | $1,100 |
| Art Bloc | Art Bloc - 3rd Floor Studio Units | Studio,1BA | $1,110 |
Best Value Apartments for Rent in Downtown Waterloo, IA
As of September 13, 2026 the best value apartment in the Downtown Waterloo area is the $1.30 price per square foot 2BR/2.0BA Model at E 3rd St in the in the Downtown Waterloo neighborhood starting from $1,500. The second greatest value Downtown Waterloo apartment is the 918 W 4th St Model at 918 W 4th St, Unit 918 starting at $750 with a $0.65 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. |
|---|---|---|---|
| E 3rd St | 2BR/2.0BA | 2BR,2BA | $1.30 |
| 918 W 4th St, Unit 918 | 918 W 4th St | 1BR,1BA | $0.65 |
| Grand Crossing | 2 Bed - 1 Bath (2B) | 2BR,1BA | $1.50 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| 911 Lafayette St, Unit 913.5 | 911 Lafayette St | 2BR,1BA | $0.89 |
| Leavitt Park Apartments | Leavitt Park Apartments | 2BR,1BA | $1.31 |
| Russell Lamson | 1 Bedroom | 1BR,1BA | $1.26 |
| Park Avenue Lofts The Temple | The Masonic Temple - Studio with Laundry | Studio ,1BA | $2.54 |
| Art Bloc | Art Bloc - Furnished Studio Units | Studio ,1BA | $3.72 |
Frequently Asked Questions about Downtown Waterloo
What type of rentals are currently available in Downtown Waterloo?
There are currently 88 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $550 to $1,800. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterloo ranging from $550 to $1,400.
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 $1,400 with an average monthly rent of $913.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.