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

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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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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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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Renting Smart: Lease Basics Every Renter Needs

Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

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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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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. Canyon Creek in the River Breeze Estates neighborhood has the second largest 2 Bedroom, which is sized at 1,080 square feet and currently listed start at $1,515. 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
Canyon CreekStrata1,080 Sq Ft$1,515
Bridgewater ApartmentsStandard Third Floor1,050 Sq Ft$1,175
Brookside Apartments2 Bedroom Non-updated936 Sq Ft$895
Lakewood Apartments2A930 Sq Ft$1,150
Jefferson TownhomesTwo Bedroom Townhome925 Sq Ft$975
Southfield Apartments2Bd/1Ba900 Sq Ft$1,095
Village RoyaleMeramec876 Sq Ft$1,315
Black Forest ApartmentsTwo Bedroom875 Sq FtCall for Rates
Elm Garden Apartments2 Beds, 1 bath864 Sq Ft$850

Cheapest Available Waterloo and Nearby 2 Bedroom Apartments

As of July 17, 2026 the lowest priced 2 Bedroom apartment unit in Waterloo, IL is the 2 Bedroom and 1 Bathroom Model starting from $842 at Covington Place Apartments in the Green Park neighborhood. The second most affordable Waterloo 2 Bedroom is the 2 Beds, 1 bath Model at Elm Garden Apartments starting at $850 in the Arnold neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $1,296. 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$842
Elm Garden Apartments2 Beds, 1 bath$850
Brookside Apartments2 Bedroom Non-updated$895
Jefferson TownhomesTwo Bedroom Townhome$975
Tuscany Village Apartments2 Bedroom 1 Bath $1,030
Kingston Apartments2 Bedroom Hillside$1,049
Black Forest ApartmentsTwo Bedroom$1,078
Southfield Apartments2Bd/1Ba$1,095
Suson PinesPINE$1,120
Lakewood Apartments2A$1,150

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 $1,296.

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 850 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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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.