
3 Bedroom Apartments for Rent in Waterloo, IL (31 Rentals)


319 Hannah Dr

Covington Place Apartments

Avion Ridge

The Oaks Apartments

Jefferson Townhomes

Canyon Creek
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.

Columbia Lakes Apartments

Miller Crossing Apartments & Villas

The Vineyards

Lakewood Apartments

Oakbrook Gardens

Suson Pines

4116 Brevity Dr
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.

1 Dora Dr

6 Amelia Dr

14 W Adams Dr

327 Sauget Ave

35 Westwood Dr

23 Delores Dr

1 Westwood Dr
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.

210 Elm St

38 Marilyn Ln

117 Kenneth St

1515 Andrews Dr

506 Draco Dr

7235 Adams Ct

5430 Floraville Rd
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.

4175 Whitehall Dr

Pevely Pointe

Autumn View Townhouses
Waterloo, IL Local Guide

How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Studio Apartments | $772 | $695 | $849 |
| Waterloo 1 Bedroom Apartments | $1,084 | $386 | $1,949 |
| Waterloo 2 Bedroom Apartments | $1,307 | $440 | $2,259 |
Waterloo 3 Bedroom Apartments | $1,447 | $1,130 | $1,665 |
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Waterloo, IL Local Guide
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Waterloo 3 Bedroom Apartment Units with Current Availability by Neighborhood
Availability Confirmed As of: August 24, 2026There are currently 3 available 3 Bedroom apartment units in Waterloo, IL neighborhoods that range in price from $1,099 to $1,500. Heres is today's list of the top neighborhoods in Waterloo with the most available 3 Bedroom apartments:
| Neighborhood | Available Units | Median Price | Min Price |
|---|---|---|---|
| Outlying Monroe County | 3 | $1,150 | $1,099 |
Largest Available Waterloo and Nearby 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in Waterloo, IL is found at Covington Place Apartments in the Green Park neighborhood and is 1,800 square feet priced from $1,540. Lakewood Apartments in the Regency Woods neighborhood has the second largest 3 Bedroom, which is sized at 1,131 square feet and currently listed start at $1,375. Here is today’s list of the largest available 3 Bedroom units in Waterloo:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Covington Place Apartments | 3 Bedroom and 2 Bathroom | 1,800 Sq Ft | $1,540 |
| Lakewood Apartments | 3A | 1,131 Sq Ft | $1,375 |
| Jefferson Townhomes | Three Bedroom Townhome | 150 Sq Ft | $1,180 |
Cheapest Available Waterloo and Nearby 3 Bedroom Apartments
As of August 24, 2026 the lowest priced 3 Bedroom apartment unit in Waterloo, IL is the Three Bedroom Townhome Model starting from $1,180 at Jefferson Townhomes in the Lemay neighborhood. The second most affordable Waterloo 3 Bedroom is the 3A Model at Lakewood Apartments starting at $1,375 in the Regency Woods neighborhood. The average price for all 3 Bedroom apartments in Waterloo is currently $1,447. Here is today’s list of the cheapest available 3 Bedroom options in Waterloo:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Jefferson Townhomes | Three Bedroom Townhome | $1,180 |
| Lakewood Apartments | 3A | $1,375 |
| Covington Place Apartments | 3 Bedroom and 2 Bathroom | $1,540 |
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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Best Local Schools in Waterloo, IL
Rogers Elementary School
Waterloo High School
Waterloo Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Waterloo, IL
Frequently Asked Questions about 3 Bedroom Waterloo Apartments
How much is the average rent for a 3 Bedroom Waterloo Apartment?
The average rent for a 3 Bedroom Apartment in Waterloo is $1,447.
What is the largest available 3 Bedroom Waterloo Apartment for rent?
Today's apartment with the most square footage in Waterloo is a 1,800 square feet unit starting from $1,540 at Covington Place Apartments.
What is the average size for Waterloo 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Waterloo is currently 1,250 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

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.

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.

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.

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.