45 Westwood Dr
SaugetIL62206
Cheap Homes for Rent in Waterloo, IL from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
615 S 2nd St
BellevilleIL62220
25 S 15th St
BellevilleIL62220
2805 S Belt W
BellevilleIL62226
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.
311 E Arlee Ave
St. LouisMO63125
2512 Elmwood Pkwy
ArnoldMO63010
3760 Miller Rd
ArnoldMO63010
504 W Van Buren 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.
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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 | $1,189 | $725 | $1,850 |
| Waterloo 3 Bedroom Homes for Rent | $1,560 | $650 | $2,300 |
| Waterloo 4 Bedroom Homes for Rent | $2,052 | $1,350 | $3,000 |
| Waterloo 5 Bedroom Homes for Rent | $3,017 | $2,535 | $3,500 |
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: 08/27/2025Current 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. Jefferson Townhomes in the Lemay neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. 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 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $800 |
| Kingston Apartments | Studio | 1BR,1BA | $849 |
Best Value Apartments for Rent in Waterloo, IL and Nearby
As of August 27, 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 1BR/1.5BA Model at Yorktowne Apartments starting at $950 with a $0.95 price per square foot in the River Breeze Estates 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. |
|---|---|---|---|
| Lyon Apartments | B9 | 2BR,2BA | $1.24 |
| Yorktowne Apartments | 1BR/1.5BA | 1BR,1.5BA | $0.95 |
| Lakewood Apartments | 2A | 2BR,2BA | $1.24 |
| 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 |
| Canyon Creek | Hollow | 1BR,1BA | $1.28 |
| 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 | $1.31 |
| Jefferson Townhomes | One Bedroom Garden | 1BR,1BA | $1.31 |
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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 $414 to $2,797. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $650 to $3,500.
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 $650 to $3,500 with an average monthly rent of $1,755.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.