1324 South St
WaterlooIA50702
Cheap Homes for Rent in Downtown Waterloo Neighborhood of Waterloo, IA from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterloo area of Waterloo.
118 Harrison St
WaterlooIA50703
440 Florence St
WaterlooIA50703
313 Dearborn Ave
WaterlooIA50703
1001 1/2 Randolph St
WaterlooIA50702
532 Western Ave
WaterlooIA50702
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
418 Sunnyside Ave
WaterlooIA50701
723 W 1st St
WaterlooIA50701
2006 Lafayette St
WaterlooIA50703
235 Madison St
WaterlooIA50703
1254 W Mullan Ave
WaterlooIA50701
1272 W Mullan Ave
WaterlooIA50701
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.
269 Madison St
WaterlooIA50703
Showing Results 1-13, 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 | $846 | $500 | $1,250 |
| Downtown Waterloo 3 Bedroom Homes for Rent | $1,015 | $675 | $1,200 |
| Downtown Waterloo 4 Bedroom Homes for Rent | $1,168 | $925 | $1,450 |
| Downtown Waterloo 5 Bedroom Homes for Rent | $1,550 | $1,550 | $1,550 |
| Downtown Waterloo 6 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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 $920. Park Avenue Lofts The Temple 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 |
| Park Avenue Lofts The Temple | Studio W/O Laundry | Studio,1BA | $1,100 |
| Art Bloc | Art Bloc - 1 MONTH FREE WITH A 12 MONTH LEASE!!!! | Studio,1BA | $1,110 |
| 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 April 29, 2026 the best value apartment in the Downtown Waterloo area is the $1.51 price per square foot 2 Bed - 2 Bath - Larger (2C2) Model at 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. |
|---|---|---|---|
| Grand Crossing | 2 Bed - 2 Bath - Larger (2C2) | 2BR,2BA | $1.51 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Leavitt Park Apartments - Waterloo, IA | ***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ... | 2BR,1BA | $1.31 |
| Park Avenue Lofts The Temple | Furnished - Studio W/O Laundry | Studio ,1BA | $3.18 |
Frequently Asked Questions about Downtown Waterloo
What type of rentals are currently available in Downtown Waterloo?
There are currently 74 Apartments for Rent in Downtown Waterloo, IA with pricing that ranges from $585 to $2,510. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterloo ranging from $495 to $1,550.
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 $495 to $1,550 with an average monthly rent of $1,117.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.