385 S Wayne St
WaterlooIN46793
Cheap Apartments for Rent in Waterloo, IN from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.
315 S Washington St
WaterlooIN46793
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.
460 S Elm St
WaterlooIN46793
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$625 - $1,3001 to 2 Bedroom Apartments Contact Us For Availability
Emerald Pointe (55+ Senior Community)
1614-1848 E Cook RdFort Wayne, IN 46825
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$645 - $895Studio to 2 Bedroom Apartments Available Now
Shoaff Park Villas
4584 Jason DrFort Wayne, IN 46835
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$676 - $7561 to 3 Bedroom Apartments Available Now
Drake Terrace III
636 Berry LnKendallville, IN 46755
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$750 - $1,3251 to 3 Bedroom Apartments Available Nov 14
Golfview Apartments
6500 St. Joe RdFort Wayne, IN 46835
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$818 - $1,180Studio to 2 Bedroom Apartments Available Now
Wallen Hills Apartments
402 Wallen Hills DrFort Wayne, IN 46825
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$875 - $1,1001 to 2 Bedroom Apartments Available Now
Wood Creek Apartments
6729 Ramblewood DrFort Wayne, IN 46835
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.
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$895 - $1,150Studio to 2 Bedroom Apartments Available Now
Stone Pointe Village
530 Ridgemoor DrFort Wayne, IN 46825
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$955 - $1,3951 to 3 Bedroom Apartments Available Now
Deerfield Village
1998 Deerfield LnKendallville, IN 46755
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Rent Specials
$999 - $1,2691 to 2 Bedroom Apartments Available Now
Griswold Estates Apartments
900 Griswold CtAuburn, IN 46706
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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.
5614 W Cook Rd
Fort WayneIN46818
113 W Maumee St
AngolaIN46703
126 S Oak St
KendallvilleIN46755
Showing Results 1-17, Page 1 of 1
Waterloo, IN Local Guide
Historic houses in Waterloo by MrHarman is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Studio Apartments | $799 | $645 | $900 |
| Waterloo 1 Bedroom Apartments | $1,181 | $625 | $1,950 |
| Waterloo 2 Bedroom Apartments | $1,354 | $640 | $1,890 |
| Waterloo 3 Bedroom Apartments | $1,828 | $756 | $2,500 |
| Waterloo 4 Bedroom Apartments | $600 | $600 | $600 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waterloo Apartments for Rent and Nearby
The cheapest available apartment rental in Waterloo, IN is a Studio unit found at Shoaff Park Villas in the Northeast Fort Wayne neighborhood priced from $645. Drake Terrace III has the second lowest priced unit, which is a 2 Beds apartment currently listed from $721. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shoaff Park Villas | Studio, 1 bath | Studio,1BA | $645 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $721 |
| Fountain Lake Apartment Homes | Versailles | 1BR,1BA | $815 |
| Wallen Hills Apartments | Ivywood | Studio,1BA | $818 |
| Stone Pointe Village | Essex | Studio,1BA | $895 |
Best Value Apartments for Rent in Waterloo, IN and Nearby
As of September 10, 2025 the best value apartment in the Waterloo area is the $0.87 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,300. The second greatest value Waterloo apartment is the Copper Creek Townhome Model at Copper Creek Villas starting at $1,795 with a $1.23 price per square foot in the Outer Northside 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. |
|---|---|---|---|
| Huntertown Apartments | Two Bedroom | 2BR,2.5BA | $0.87 |
| Copper Creek Villas | Copper Creek Townhome | 3BR,2.5BA | $1.23 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $0.95 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Reserve at Dawson's Creek | The Primrose - Premium | 2BR,2BA | $1.20 |
| Crosswait Estates Apartments | Two Bedroom | 2BR,1BA | $1.20 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $0.96 |
| Fountain Lake Apartment Homes | Versailles | 1BR,1BA | $1.13 |
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Best Local Schools in Waterloo, IN
Waterloo Elementary School
Dekalb County Ctl United Sch District
Public School - Grades PK-5 (220)
4 out of 10
Dekalb High School
Dekalb County Ctl United Sch District
Public School - Grades 9-12 (1075)
7 out of 10
Dekalb Middle School
Dekalb County Ctl United Sch District
Public School - Grades 6-8 (800)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, IN Rentals by Map
See the most popular apartments and homes in Waterloo, IN
Getting Around Waterloo, IN
Walk Score®
13 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
29 / 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
What is the Cheapest Studio apartment in Waterloo?
Currently the most affordable Cheap Studio Apartment in Waterloo is at Shoaff Park Villas listed at $645.
How much is rent for a Cheap One Bedroom Waterloo Apartment?
The lowest price for a Cheap One Bedroom Waterloo Apartment is $815 at Fountain Lake Apartment Homes.
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 $721 at Drake Terrace III.
What is the most affordable Waterloo Three Bedroom Apartment?
The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Reserve at Dawson's Creek and starts from $1,471.
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 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.
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.