close
View Me
$414 - $1,3751 to 2 Bedroom Apartments Available Now
Trolley Circle
7235 Westfield Plaza DrBelleville, IL 62223
Cheap Apartments for Rent in Waterloo, IL from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
close
View Me
Rent Specials
$550 - $849Studio to 1 Bedroom Apartments Available Now
Kingston Apartments
362 Kingston DrSt. Louis, MO 63125
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
$665 - $1,186Studio to 2 Bedroom Apartments Available Oct 17
Taravue Park
3975 Taravue LnSt. Louis, MO 63125
close
View Me
$695 - $790Studio to 2 Bedroom Apartments Contact Us For Availability
Evergreen Manor
3456 Evergreen LnSt. Louis, MO 63125
close
View Me
$785 - $1,0501 to 2 Bedroom Apartments Available Oct 1
Yorktowne Apartments
4080 Sir Bors CtSt. Louis, MO 63129
close
View Me
$790 - $1,1301 to 3 Bedroom Apartments Contact Us For Availability
The Vineyards
4227 Drambuie LnSt. Louis, MO 63129
close
View Me
$795 - $1,1551 to 3 Bedroom Apartments Contact Us For Availability
Oakbrook Gardens
5010 Clayridge DrSt. Louis, MO 63129
close
View Me
$800 - $1,3751 to 3 Bedroom Apartments Available Now
Jefferson Townhomes
333 Tuckahoe DrSt. Louis, MO 63125
close
View Me
close
View Me
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.
45 Westwood Dr
SaugetIL62206
close
View Me
615 S 2nd St
BellevilleIL62220
2805 S Belt W
BellevilleIL62226
25 S 15th St
BellevilleIL62220
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Showing Results 1-15, Page 1 of 1
Waterloo, IL Local Guide
Tall grass in the clouds by Tom Shockey is licensed under CC BY 2.0
How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Studio Apartments | $736 | $665 | $849 |
| Waterloo 1 Bedroom Apartments | $1,010 | $414 | $1,727 |
| Waterloo 2 Bedroom Apartments | $1,258 | $481 | $2,097 |
| Waterloo 3 Bedroom Apartments | $1,548 | $1,130 | $2,797 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, IL Local Guide
- Waterloo Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waterloo, IL
Pricing Updated: 08/31/2025Current apartment rentals in the Waterloo, IL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterloo Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Outlying Monroe County | $1,200 | $1,200 | 1 |
Cheapest Available Waterloo Apartments for Rent and Nearby
The cheapest available apartment rental in Waterloo, IL is a 1 Bed unit found at Trolley Circle in the East Saint Louis neighborhood priced from $414. Kingston Apartments in the Patch neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trolley Circle | One Bedroom | 1BR,1BA | $414 |
| Kingston Apartments | Studio | Studio,1BA | $550 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $800 |
| Telegraph Crossing | One Bedroom Standard | 1BR,1BA | $820 |
| Covington Place Apartments | 1 Bedroom and 1 Bathroom | 1BR,1BA | $836 |
Best Value Apartments for Rent in Waterloo, IL and Nearby
As of August 31, 2025 the best value apartment in the Waterloo area is the $1.26 price per square foot Cascade Model at Canyon Creek in the in the River Breeze Estates neighborhood starting from $1,295. The second greatest value Waterloo apartment is the B9 Model at Lyon Apartments starting at $1,276 with a $1.24 price per square foot in the Princeton Heights neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Canyon Creek | Cascade | 2BR,2BA | $1.26 |
| Lyon Apartments | B9 | 2BR,2BA | $1.24 |
| Lakewood Apartments | 2A | 2BR,2BA | $1.24 |
| Grant's Trail | One Bedroom - One Bath | 1BR,2BA | $1.35 |
| Heatherbrook | 2BR/2.0BA | 2BR,2BA | $1.31 |
| Greenway Trail Apartments | Save up to $500 off Move In Costs with your EXC... | 2BR,1BA | $1.29 |
| Tuscany Village Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.21 |
| Trolley Circle | One Bedroom | 1BR,1BA | $0.60 |
| Covington Place Apartments | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.29 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $1.31 |
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.
Let everyone know!
Do you know the Waterloo area?
If you’re an expert on all things Waterloo, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Waterloo, IL
Rogers Elementary School
Waterloo Community Unit School District 5
Public School - Grades 2-3 (367)
10 out of 10
Waterloo High School
Waterloo Community Unit School District 5
Public School - Grades 9-12 (895)
8 out of 10
Waterloo Junior High School
Waterloo Community Unit School District 5
Public School - Grades 6-8 (619)
9 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, IL Rentals by Map
See the most popular apartments and homes in Waterloo, IL
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 Cheap Waterloo Apartments
How much is rent for a Cheap One Bedroom Waterloo Apartment?
The lowest price for a Cheap One Bedroom Waterloo Apartment is $414 at Trolley Circle.
What is the lowest price for a Cheap Two Bedroom Waterloo Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterloo is starting from $481 at Trolley Circle.
What is the most affordable Waterloo Three Bedroom Apartment?
The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Jefferson Townhomes and starts from $1,150.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.