117 S 11th St
BellevilleIL62220
Cheap Homes for Rent in Waterloo, IL from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
2489 Renois Ln
SaugetIL62206
104 S Alton St
FreeburgIL62243
117 S 4th St
DupoIL62239
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.
311 W Mill St
WaterlooIL62298
2805 S Belt W
BellevilleIL62226
113 E Velma Ave
St. LouisMO63125
21 Dora Dr
SaugetIL62206
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.
1901 Doris Ave
CahokiaIL62206
Showing Results 1-9, 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 a home in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo 2 Bedroom Homes for Rent | $1,023 | $800 | $1,195 |
| Waterloo 3 Bedroom Homes for Rent | $1,592 | $850 | $2,350 |
| Waterloo 4 Bedroom Homes for Rent | $2,027 | $1,250 | $3,450 |
Browse Top Homes for Rent in Waterloo
Explore Waterloo
Waterloo, IL Local Guide
- Waterloo Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waterloo, IL
Pricing Updated: 11/28/2025Current 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 | $1,100 | $1,000 | 2 |
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. Brookside Apartments in the Sullivan Manors neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. 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 |
| Brookside Apartments | 1 Bedroom Main Street | 1BR,1BA | $730 |
| Covington Place Apartments | 1 Bedroom and 1 Bathroom | 1BR,1BA | $782 |
Best Value Apartments for Rent in Waterloo, IL and Nearby
As of November 28, 2025 the best value apartment in the Waterloo area is the $1.24 price per square foot B9 Model at Lyon Apartments in the in the Princeton Heights neighborhood starting from $1,276. The second greatest value Waterloo apartment is the DOGWOOD Model at Suson Pines starting at $1,180 with a $1.26 price per square foot . 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. |
|---|---|---|---|
| Lyon Apartments | B9 | 2BR,2BA | $1.24 |
| Suson Pines | DOGWOOD | 2BR,1BA | $1.26 |
| Lakewood Apartments | 2A | 2BR,2BA | $1.24 |
| Greenway Trail Apartments | Save up to $500 off Move In Costs with your EXC... | 1BR,1BA | $1.20 |
| Southfield Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.18 |
| Trolley Circle | One Bedroom | 1BR,1BA | $0.60 |
| Covington Place Apartments | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.20 |
| Tuscany Village Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.35 |
| Brookside Apartments | 1 bedroom Updated | 1BR,1BA | $1.30 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $1.33 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
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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
Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 45 Apartments for Rent in Waterloo, IL with pricing that ranges from $695 to $1,824. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $575 to $3,450.
What is the current price range for Rental Homes in Waterloo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo ranges from $575 to $3,450 with an average monthly rent of $1,360.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
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.