3 Bedroom Apartments for Rent in Waterloo, IL (27 Rentals)

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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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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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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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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.

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Pevely Pointe
3 Bedroom Apartments

Pevely Pointe

1001 Pevely Pointe DrPevely, MO 63070
  • Utilities Included
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Waterloo, IL Local Guide

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 $1,674. 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 $1,300. Here is today’s list of the largest available 3 Bedroom units in Waterloo:

Apartment ListingModel NameSquare FootagePriced From
Covington Place Apartments3 Bedroom and 2 Bathroom1,800 Sq Ft$1,674
Lakewood Apartments3A1,131 Sq Ft$1,300
Jefferson TownhomesThree Bedroom Townhome150 Sq Ft$1,180

Cheapest Available Waterloo and Nearby 3 Bedroom Apartments

As of May 23, 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 $1,400 in the Regency Woods neighborhood. The average price for all 3 Bedroom apartments in Waterloo is currently $1,537. Here is today’s list of the cheapest available 3 Bedroom options in Waterloo:

Apartment ListingModel NamePriced From
Jefferson TownhomesThree Bedroom Townhome$1,180
Lakewood Apartments3A$1,400
Covington Place Apartments3 Bedroom and 2 Bathroom$1,674

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 3 Bedroom Waterloo Apartments

What is the Cheapest apartment in Waterloo with 3 Bedroom?

Currently the most affordable 3 Bedroom in Waterloo is at Jefferson Townhomes listed at $1,180.

How much is the average rent for a 3 Bedroom Waterloo Apartment?

The average rent for a 3 Bedroom Apartment in Waterloo is $1,537.

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 $1,674 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 0 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.