2 Bedroom Apartments for Rent in Waterloo, IL (50 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

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Pevely Pointe
2 Bedroom Apartments

Pevely Pointe

1001 Pevely Pointe DrPevely, MO 63070
  • Utilities Included
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Southfield Apartments
2 Bedroom Apartments

Southfield Apartments

5549 Southfield DrSt. Louis, MO 63129
  • Utilities Included

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.

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
Miller Crossing Apartments & Villas2 Bedroom1,100 Sq Ft$2,046
Stoney Pines Apartments2 Bed 2 Bath1,100 Sq Ft$1,650
ReNew Cross CreekSeville1,066 Sq Ft$1,244
The Port ApartmentsTwo Bedroom Townhouse980 Sq Ft$1,079
Village RoyaleSuson936 Sq Ft$1,430
Lakewood Apartments2A930 Sq Ft$1,150
Jefferson TownhomesTwo Bedroom Townhome925 Sq Ft$985

Cheapest Available Waterloo and Nearby 2 Bedroom Apartments

As of July 31, 2025 the lowest priced 2 Bedroom apartment unit in Waterloo, IL is the Two Bedroom Model starting from $481 at Trolley Circle in the East Saint Louis neighborhood. The second most affordable Waterloo 2 Bedroom is the Two Bedroom Townhome Model at Jefferson Townhomes starting at $985 in the Lemay neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $1,277. Here is today’s list of the cheapest available 2 Bedroom options in Waterloo:

Apartment ListingModel NamePriced From
Trolley CircleTwo Bedroom$481
Jefferson TownhomesTwo Bedroom Townhome$985
Tuscany Village Apartments2 Bedroom 1 Bath $995
The Port ApartmentsTwo Bedroom Townhouse$1,079
Telegraph CrossingTwo Bedroom$1,100
Covington Place Apartments2 Bedroom and 1 Bathroom$1,137
Lakewood Apartments2A$1,150
Greenway Trail ApartmentsSave up to $500 off Move In Costs with your EXC...$1,200
ReNew Cross CreekSeville$1,244

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Waterloo, IL

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about 2 Bedroom Waterloo Apartments

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

The average rent for a 2 Bedroom Apartment in Waterloo is $1,277.

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 1,200 sq ft.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.