2 Bedroom Apartments for Rent in Waterloo, IL (48 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
503-505 Park St
2 Bedroom Apartments

503-505 Park St

503-505 Park StWaterloo, IL 62298
close
View Me
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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Pevely Pointe
2 Bedroom Apartments

Pevely Pointe

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

Southfield Apartments

5549 Southfield DrSt. Louis, MO 63129
  • Utilities Included
Showing Results 1-48, Page 1 of 1

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$1,950
Stoney Pines Apartments2 Bed 2 Bath1,100 Sq Ft$1,650
Bridgewater ApartmentsStandard First Floor1,050 Sq Ft$1,250
Canyon CreekCascade1,030 Sq Ft$1,290
Hunters Ridge STLAspen1,025 Sq Ft$1,465
The Port ApartmentsTwo Bedroom Townhouse980 Sq Ft$1,125
Jefferson TownhomesTwo Bedroom Townhome925 Sq Ft$985
Covington Place Apartments2 Bedroom and 1 Bathroom860 Sq Ft$931

Cheapest Available Waterloo and Nearby 2 Bedroom Apartments

As of June 28, 2025 the lowest priced 2 Bedroom apartment unit in Waterloo, IL is the 2 Bedroom and 1 Bathroom Model starting from $931 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 $985 in the Lemay neighborhood. The average price for all 2 Bedroom apartments in Waterloo is currently $1,286. 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$931
Jefferson TownhomesTwo Bedroom Townhome$985
Tuscany Village Apartments2 Bedroom 1 Bath $995
The Port ApartmentsTwo Bedroom Garden$1,050
Heatherbrook2BR/1.0BA$1,095
Greenway Trail ApartmentsSave up to $500 off Move In Costs with your EXC...$1,200
Bridgewater ApartmentsStandard First Floor$1,250
Lyon ApartmentsB9$1,276
Kingston Drive Apartments2 Bdrm$1,280
Canyon CreekCascade$1,290

Quick 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.

decorative image of people with a giant lease agreement

Best Local Schools in
Waterloo, IL

School data provided by Great Schools

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

Explore Waterloo, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Waterloo, IL

View MapWaterloo, IL Apartments MapView MapWaterloo, IL Rental Homes Map

Getting Around Waterloo, IL

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,286.

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.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.