2489 Renois Ln
SaugetIL62206
Cheap Homes for Rent in Waterloo, IL from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
931 Montebello Rd
ImperialMO63052
104 S Alton St
FreeburgIL62243
2512 Elmwood Pkwy
ArnoldMO63010
33 Lauralee Dr
SaugetIL62206
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.
1901 Doris Ave
CahokiaIL62206
1634 Stardust Dr
ArnoldMO63010
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16 Westwood Dr
SaugetIL62206
119 S 8th St
BellevilleIL62220
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.
Showing Results 1-10, 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 | $1,155 | $800 | $1,500 |
| Waterloo 3 Bedroom Homes for Rent | $1,668 | $925 | $2,350 |
| Waterloo 4 Bedroom Homes for Rent | $2,180 | $1,350 | $3,000 |
| Waterloo 5 Bedroom Homes for Rent | $2,150 | $1,800 | $2,500 |
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: 10/13/2025Current 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 | $1,100 | 3 |
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. Taravue Park in the Green Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $795. 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 |
| Taravue Park | Cumberland | Studio,1BA | $795 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $810 |
Best Value Apartments for Rent in Waterloo, IL and Nearby
As of October 13, 2025 the best value apartment in the Waterloo area is the $1.37 price per square foot Strata Model at Canyon Creek in the in the River Breeze Estates neighborhood starting from $1,475. 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 | Strata | 2BR,1.5BA | $1.37 |
| Lyon Apartments | B9 | 2BR,2BA | $1.24 |
| Village Royale | Suson | 2BR,1BA | $1.37 |
| Lakewood Apartments | 2A | 2BR,2BA | $1.24 |
| Suson Pines | PINE | 2BR,1BA | $1.39 |
| 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 | $1.42 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $1.33 |
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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 43 Apartments for Rent in Waterloo, IL with pricing that ranges from $660 to $1,852. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $800 to $3,000.
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 $800 to $3,000 with an average monthly rent of $1,610.
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.
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.
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.