501 N Broadway St
ButlerIN46721
Cheap Homes for Rent in Waterloo, IN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.
223 S Ivy Ln
ButlerIN46721
918 W King St
GarrettIN46738
603 1/2 N Van Buren St
AuburnIN46706
14 Holiday Park
ChurubuscoIN46723
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.
1000 Old Brick Rd
AuburnIN46706
14818 Wayne St
LeoIN46765
116 N Summit St
KendallvilleIN46755
515 N State St
KendallvilleIN46755
702 N Main St
AuburnIN46706
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.
414 N Cowen St
GarrettIN46738
Showing Results 1-11, 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 | $1,324 | $795 | $1,900 |
| Waterloo 3 Bedroom Homes for Rent | $1,595 | $1,100 | $2,800 |
| Waterloo 4 Bedroom Homes for Rent | $2,365 | $1,600 | $2,800 |
Browse Top Homes for Rent in Waterloo
Explore Waterloo
Waterloo, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Waterloo Apartments for Rent and Nearby
The cheapest available apartment rental in Waterloo, IN is a 1 Bed unit found at Atz Place priced from $538. Shoaff Park Villas in the Northeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Atz Place | One Bedroom | 1BR,1BA | $538 |
| Shoaff Park Villas | Studio, 1 bath | Studio,1BA | $695 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $721 |
| Fountain Lake Apartment Homes | Roselle | Studio,1BA | $735 |
| Wallen Hills Apartments | Ivywood | Studio,1BA | $818 |
Best Value Apartments for Rent in Waterloo, IN and Nearby
As of December 13, 2025 the best value apartment in the Waterloo area is the $1.13 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,695. The second greatest value Waterloo apartment is the Townhome A Model at 10095 Bluffs Cor starting at $1,495 with a $1.33 price per square foot in the North Fort Wayne 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 | $1.13 |
| 10095 Bluffs Cor | Townhome A | 2BR,2.5BA | $1.33 |
| Emerald Pointe (55+ Senior Community) | Hawthorne | 2BR,1.5BA | $1.16 |
| Windsor Oaks | The Hickory | 2BR,1BA | $1.28 |
| Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.14 |
| Crosswait Estates Apartments | One Bedroom | 1BR,1BA | $1.10 |
| Northcrest Apartments | 2 Bed 60% | 2BR,1BA | $1.25 |
| St Joe Place | 2x2 | 2BR,2BA | $0.76 |
| Drake Terrace III | 2 Bedroom | 2BR,1BA | $0.96 |
| Atz Place | One Bedroom | 1BR,1BA | $0.79 |
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
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.
Read ArticleQuick Rent Budget Calculator
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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.
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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
Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 48 Apartments for Rent in Waterloo, IN with pricing that ranges from $600 to $2,500. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $675 to $2,800.
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 $675 to $2,800 with an average monthly rent of $1,530.
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 $756 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $600.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
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.