25 S 15th St
BellevilleIL62220
Cheap Homes for Rent in Waterloo, IL from $700 (6 Rentals)
Cheap Homes in Waterloo.
313 W Mill St
WaterlooIL62298
101 S High St
SmithtonIL62285
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
330 Atlas Dr
St. LouisMO63125
325 Rieber Dr
SaugetIL62206
103 Melvin Dr
SaugetIL62206
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Showing Results 1-6, 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 | $1,325 | $1,050 | $1,680 |
| Waterloo 3 Bedroom Homes for Rent | $1,663 | $1,200 | $3,025 |
| Waterloo 4 Bedroom Homes for Rent | $1,923 | $1,200 | $2,545 |
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: 05/02/2025Current 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 | $1,995 | $900 | 3 |
Cheapest Available Waterloo Apartments for Rent and Nearby
The cheapest available apartment rental in Waterloo, IL is a 1 Bed unit found at The Port Apartments in the River Breeze Estates neighborhood priced from $899. Covington Place Apartments in the River Breeze Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $909. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Port Apartments | One Bedroom Garden | 1BR,1BA | $899 |
| Covington Place Apartments | 1 Bedroom and 1 Bathroom | 1BR,1BA | $909 |
| Suson Pines | ELM | 1BR,1BA | $930 |
Best Value Apartments for Rent in Waterloo, IL and Nearby
As of May 03, 2025 the best value apartment in the Waterloo area is the $1.14 price per square foot Standard First Floor Model at Bridgewater Apartments in the in the River Breeze Estates neighborhood starting from $1,200. 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 Mount Pleasant 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. |
|---|---|---|---|
| Bridgewater Apartments | Standard First Floor | 2BR,2BA | $1.14 |
| Lyon Apartments | B9 | 2BR,2BA | $1.24 |
| Yorktowne Apartments | 2BR/1.0BA | 2BR,1BA | $1.02 |
| Lakewood Apartments | 2A | 2BR,2BA | $1.24 |
| West Village | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| Canyon Creek | Hollow | 1BR,1BA | $1.20 |
| Tuscany Village Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.21 |
| Richardson Place Apartments | D STYLE-2 BEDROOM | 2BR,1BA | $1.36 |
| Suson Pines | ELM | 1BR,1BA | $1.41 |
| Covington Place Apartments | 1 Bedroom and 1 Bathroom | 1BR,1BA | $1.40 |
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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 42 Apartments for Rent in Waterloo, IL with pricing that ranges from $695 to $2,390. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $750 to $3,025.
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 $750 to $3,025 with an average monthly rent of $1,434.
How much are larger Three and Four Bedroom Rentals in Waterloo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo range from $1,050 to $2,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,025. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,995.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.