2 Bedroom Apartments for Rent in Waterloo, IL (54 Rentals)

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503-505 Park St
2 Bedroom Apartments

503-505 Park St

503-505 Park StWaterloo, IL 62298
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Bella Vista Senior
2 Bedroom Apartments

Bella Vista Senior

103 Debra LnWaterloo, IL 62298
Senior Living

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.

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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.

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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.

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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.

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Waterloo, IL Local Guide

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 ListingModel NameSquare FootagePriced From
Lyon ApartmentsB21,447 Sq Ft$1,500
West Village2 Bed 2 Bath1,150 Sq Ft$1,650
Canyon CreekStrata1,080 Sq Ft$1,499
ReNew on Blues Apartments & Townhomes2 BDR Townhome1,080 Sq Ft$1,459
Village RoyaleSuson936 Sq Ft$1,295
Brookside Apartments2 Bedroom Updated936 Sq Ft$895
Lakewood Apartments2A930 Sq Ft$1,150
Jefferson TownhomesTwo Bedroom Townhome925 Sq Ft$1,015
Southfield Apartments2Bd/1Ba900 Sq Ft$950
The Oaks Apartmentsg-2-2888 Sq Ft$1,150

Cheapest Available Waterloo and Nearby 2 Bedroom Apartments

As of April 13, 2026 the lowest priced 2 Bedroom apartment unit in Waterloo, IL is the 2 Bedroom Non-updated Model starting from $895 at Brookside Apartments in the Sullivan Manors neighborhood. The second most affordable Waterloo 2 Bedroom is the 2Bd/1Ba Model at Southfield Apartments starting at $950 in the River Breeze Estates neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $1,235. Here is today’s list of the cheapest available 2 Bedroom options in Waterloo:

Apartment ListingModel NamePriced From
Brookside Apartments2 Bedroom Non-updated$895
Southfield Apartments2Bd/1Ba$950
Jefferson TownhomesTwo Bedroom Townhome$1,015
Covington Place Apartments2 Bedroom and 1 Bathroom$1,046
Kingston Apartments2 Bedroom Hillside$1,049
Greenway Trail ApartmentsSave up to $500 off Move In Costs with your EXC...$1,050
Telegraph CrossingTwo Bedroom$1,100
Richardson Place ApartmentsE STYLE-2 BEDROOM$1,133
The Oaks Apartmentsg-2-2$1,150
Lakewood Apartments2A$1,150

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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 Brookside Apartments listed at $895.

How much is the average rent for a 2 Bedroom Waterloo Apartment?

The average rent for a 2 Bedroom Apartment in Waterloo is $1,235.

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 916 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

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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.

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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.

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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.

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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.