203 S Riley St
KendallvilleIN46755
Cheap Homes for Rent near Waterloo, IN from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
204 Autumn Hls Dr
AlbionIN46701
403 Autumn Hls Dr
AlbionIN46701
416 N Randolph St
GarrettIN46738
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
304 S Guilford St
GarrettIN46738
2737 W Washington Center Rd
Fort WayneIN46818
506 N York St
AlbionIN46701
10915 Pine Mills Rd
Fort WayneIN46845
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
10506 Oak Valley Rd
Fort WayneIN46845
Showing Results 1-9, 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 a home in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo 2 Bedroom Homes for Rent | $1,975 | $1,050 | $2,530 |
| Waterloo 3 Bedroom Homes for Rent | $1,784 | $1,100 | $2,895 |
| Waterloo 4 Bedroom Homes for Rent | $2,474 | $1,700 | $4,000 |
Browse Top Homes for Rent in Waterloo
Explore 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 2 Beds unit found at Drake Terrace III priced from $741. Deerfield Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $741 |
| Deerfield Village | One Bedroom | 1BR,1BA | $945 |
| Fountain Lake Apartment Homes | Bellagio | 2BR,1BA | $964 |
Best Value Apartments for Rent in Waterloo, IN and Nearby
As of July 28, 2026 the best value apartment in the Waterloo area is the $0.83 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,250. The second greatest value Waterloo apartment is the Villa Model at Copper Creek Villas starting at $1,895 with a $1.30 price per square foot in the Pine Valley 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,1.5BA | $0.83 |
| Copper Creek Villas | Villa | 3BR,2.5BA | $1.30 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Fountain Lake Apartment Homes | Buckingham | 2BR,1.5BA | $1.03 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.04 |
| Crosswait Estates Apartments | Two Bedroom | 2BR,1BA | $1.13 |
| St Joe Place | 2x2 | 2BR,2BA | $0.80 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $0.99 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Waterloo area?
If you’re an expert on all things Waterloo, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Waterloo, IN
Waterloo Elementary School
Dekalb County Ctl United Sch District
Public School - Grades PK-5 (247)
4 out of 10
Dekalb High School
Dekalb County Ctl United Sch District
Public School - Grades 9-12 (1007)
7 out of 10
Dekalb Middle School
Dekalb County Ctl United Sch District
Public School - Grades 6-8 (759)
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
Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 51 Apartments for Rent in Waterloo, IN with pricing that ranges from $585 to $2,892. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $800 to $4,000.
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 $4,000 with an average monthly rent of $1,770.
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 $776 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,895. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $585.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.