102 South St
WaterlooIA50701
Cheap Homes for Rent in the Downtown Waterloo Neighborhood of Waterloo, IA from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterloo area of Waterloo.
102 1/2 South St
WaterlooIA50702
437 1/2 Riehl St
WaterlooIA50703
437 Riehl St
WaterlooIA50703
440 Florence St
WaterlooIA50703
313 Dearborn Ave
WaterlooIA50703
1703 Lafayette St
WaterlooIA50703
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.
704 W 1st St
WaterlooIA50701
235 Madison St
WaterlooIA50703
128 Lafayette St
WaterlooIA50703
137 Western Ave
WaterlooIA50701
307 Riehl St
WaterlooIA50703
1254 W Mullan Ave
WaterlooIA50701
611 Sycamore St
WaterlooIA50703
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.
219 Madison St
WaterlooIA50703
203 Sumner St
WaterlooIA50703
269 Madison St
WaterlooIA50703
24 Van Buren St
WaterlooIA50703
2214 Idaho St
WaterlooIA50707
811 Allen St
WaterlooIA50702
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.
Showing Results 1-21, 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 | $831 | $650 | $1,250 |
| Downtown Waterloo 3 Bedroom Homes for Rent | $1,016 | $850 | $1,200 |
| Downtown Waterloo 4 Bedroom Homes for Rent | $1,216 | $975 | $1,425 |
| Downtown Waterloo 5 Bedroom Homes for Rent | $1,512 | $1,500 | $1,525 |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 Studio unit found at Russell Lamson priced from $695. Leavitt Park Apartments - Waterloo, IA has the second lowest priced unit, which is a 2 Beds apartment currently listed from $920. Here are the most affordable Downtown Waterloo apartments for rent in Waterloo, IA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Russell Lamson | Studio | Studio,1BA | $695 |
| Leavitt Park Apartments - Waterloo, IA | ***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ... | 2BR,1BA | $920 |
| Park Avenue Lofts The Temple | Studio W/O Laundry | Studio,1BA | $1,100 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1,250 |
| Grand Crossing | 1 Bed - 1 Bath - Larger (1B) | 1BR,1BA | $1,410 |
Best Value Apartments for Rent in Downtown Waterloo, IA
As of July 29, 2026 the best value apartment in the Downtown Waterloo area is the $1.19 price per square foot 1st Month Free Model at Riverwalk Residences in the in the Downtown Waterloo neighborhood starting from $1,250. The second greatest value Downtown Waterloo apartment is the 2bed - 2 Bath - Smaller (2C1) Model at Grand Crossing starting at $1,750 with a $1.70 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. |
|---|---|---|---|
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Grand Crossing | 2bed - 2 Bath - Smaller (2C1) | 2BR,2BA | $1.70 |
| Leavitt Park Apartments - Waterloo, IA | ***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ... | 2BR,1BA | $1.31 |
| Park Avenue Lofts The Temple | Studio W/O Laundry | Studio ,1BA | $2.29 |
| Russell Lamson | Studio | Studio ,1BA | $1.72 |
Frequently Asked Questions about Downtown Waterloo
What type of rentals are currently available in Downtown Waterloo?
There are currently 76 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $600 to $1,850. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterloo ranging from $525 to $1,525.
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 $525 to $1,525 with an average monthly rent of $1,039.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.