
2 Bedroom Apartments for Rent in Waterloo, IL (51 Rentals)


503-505 Park St

Bella Vista Senior

Bella Vista Family

Covington Place Apartments

Avion Ridge

The Port Apartments

Black Forest Apartments

Richardson Place Apartments

Jefferson Townhomes
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.

Patterson Place Apartments

South Summit Apartments

Village Royale

ReNew on Blues Apartments & Townhomes

Canyon Creek

Greenway Trail Apartments

Taravue Park

Grant's Trail

Columbia Lakes Apartments

Miller Crossing Apartments & Villas
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.

Storyboard on Stoney Pines

West Village

Lyon Apartments

Total Monthly Price
ReNew Cross Creek

Bridgewater Apartments

Telegraph Crossing

The Vineyards

Kingston Apartments

Evergreen Manor

Tuscany Village Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Lakewood Apartments

Trolley Circle

Brookside Apartments

Hunters Ridge STL

Suson Pines

Heatherbrook

Southfield Apartments

Oakbrook Gardens

2149 S Arlene

21 Dora Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

103 E Arlee Ave

1901 Doris Ave

222 St John Dr

6421 Brookfield Ct Dr

118 Martigney Dr

3605 Tracey Rich Rd

Sylvan Springs Senior

Lofts on the Square (Senior 55+)

Pevely Pointe

Autumn View Townhouses
Waterloo, IL Local Guide

How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Studio Apartments | $816 | $695 | $849 |
| Waterloo 1 Bedroom Apartments | $1,014 | $414 | $1,546 |
Waterloo 2 Bedroom Apartments | $1,288 | $790 | $2,104 |
| Waterloo 3 Bedroom Apartments | $1,499 | $1,130 | $1,809 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, IL Local Guide
- Waterloo Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Largest Available Waterloo and Nearby 2 Bedroom Apartments
The largest available 2 Bedroom apartment unit in Waterloo, IL is found at Lyon Apartments in the Princeton Heights neighborhood and is 1,447 square feet priced from $1,500. West Village in the Derby City neighborhood has the second largest 2 Bedroom, which is sized at 1,150 square feet and currently listed start at $1,650. Here is today’s list of the largest available 2 Bedroom units in Waterloo:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Lyon Apartments | B2 | 1,447 Sq Ft | $1,500 |
| West Village | 2 Bed 2 Bath | 1,150 Sq Ft | $1,650 |
| Miller Crossing Apartments & Villas | 2 Bedroom | 1,100 Sq Ft | $1,542 |
| Canyon Creek | Strata | 1,080 Sq Ft | $1,485 |
| ReNew on Blues Apartments & Townhomes | B2 | 1,080 Sq Ft | $1,519 |
| Bridgewater Apartments | Standard First Floor | 1,050 Sq Ft | $1,175 |
| Brookside Apartments | 2 Bedroom Updated | 936 Sq Ft | $970 |
| Village Royale | Suson | 936 Sq Ft | $1,380 |
| Suson Pines | DOGWOOD | 933 Sq Ft | $1,190 |
| Jefferson Townhomes | Two Bedroom Townhome | 925 Sq Ft | $1,015 |
Cheapest Available Waterloo and Nearby 2 Bedroom Apartments
As of February 26, 2026 the lowest priced 2 Bedroom apartment unit in Waterloo, IL is the 2 BR/ 1 BA Model starting from $875 at Southfield Apartments in the River Breeze Estates neighborhood. The second most affordable Waterloo 2 Bedroom is the 2 Bedroom Updated Model at Brookside Apartments starting at $970 in the Sullivan Manors neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $1,288. Here is today’s list of the cheapest available 2 Bedroom options in Waterloo:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Southfield Apartments | 2 BR/ 1 BA | $875 |
| Brookside Apartments | 2 Bedroom Updated | $970 |
| Trolley Circle | Two Bedroom | $975 |
| Covington Place Apartments | 2 Bedroom and 1 Bathroom | $978 |
| Jefferson Townhomes | Two Bedroom Townhome | $1,015 |
| Greenway Trail Apartments | Save up to $500 off Move In Costs with your EXC... | $1,025 |
| Taravue Park | Rainer | $1,048 |
| Kingston Apartments | Park Ridge | $1,050 |
| Lakewood Apartments | 2A | $1,150 |
| Bridgewater Apartments | Standard Third Floor | $1,175 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Waterloo, IL
Rogers Elementary School
Waterloo High School
Waterloo Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, IL Rentals by Map
See the most popular apartments and homes in Waterloo, IL
Frequently Asked Questions about 2 Bedroom Waterloo Apartments
What is the Cheapest apartment in Waterloo with 2 Bedroom?
Currently the most affordable 2 Bedroom in Waterloo is at Southfield Apartments listed at $875.
How much is the average rent for a 2 Bedroom Waterloo Apartment?
The average rent for a 2 Bedroom Apartment in Waterloo is $1,288.
What is the largest available 2 Bedroom Waterloo Apartment for rent?
Today's apartment with the most square footage in Waterloo is a 1,447 square feet unit starting from $1,500 at Lyon Apartments.
What is the average size for Waterloo 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Waterloo is currently 931 sq ft.
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

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.

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.