2 Bedroom Apartments for Rent in Waterloo, IL (53 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

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Pevely Pointe
2 Bedroom Apartments

Pevely Pointe

1001 Pevely Pointe DrPevely, MO 63070
  • Utilities Included

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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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 School Apartments in the Princeton Heights neighborhood and is 1,478 square feet priced from $1,517. 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 School Apartments2BR/2.0BA1,478 Sq Ft$1,517
West Village2 Bed 2 Bath1,150 Sq Ft$1,650
Miller Crossing Apartments & Villas2 Bedroom1,100 Sq Ft$1,642
722 Abend StB1,000 Sq Ft$950
Village RoyaleSuson936 Sq Ft$1,495
Suson PinesDOGWOOD933 Sq Ft$1,125
Lakewood Apartments2A930 Sq Ft$1,150
Jefferson TownhomesTwo Bedroom Townhome925 Sq Ft$950
Southfield Apartments2Bd/1Ba900 Sq Ft$995
Black Forest ApartmentsTwo Bedroom875 Sq FtCall for Rates

Cheapest Available Waterloo and Nearby 2 Bedroom Apartments

As of September 01, 2026 the lowest priced 2 Bedroom apartment unit in Waterloo, IL is the 2 Bedroom and 1 Bathroom Model starting from $889 at Covington Place Apartments in the Green Park neighborhood. The second most affordable Waterloo 2 Bedroom is the Two Bedroom Townhome Model at Jefferson Townhomes starting at $950 in the Lemay neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $1,310. Here is today’s list of the cheapest available 2 Bedroom options in Waterloo:

Apartment ListingModel NamePriced From
Covington Place Apartments2 Bedroom and 1 Bathroom$889
Jefferson TownhomesTwo Bedroom Townhome$950
722 Abend StB$950
Southfield Apartments2Bd/1Ba$995
Tuscany Village Apartments2 Bedroom 1 Bath $1,030
Kingston Apartments2 Bedroom Hillside$1,049
Suson PinesDOGWOOD$1,125
Lakewood Apartments2A$1,150
The Oaks Apartmentsf-2-1$1,150
Black Forest ApartmentsTwo Bedroom$1,181

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,310.

What is the largest available 2 Bedroom Waterloo Apartment for rent?

Today's apartment with the most square footage in Waterloo is a 1,478 square feet unit starting from $1,517 at Lyon School 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 818 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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.