Cheap Apartments for Rent near Waterloo, NE from $1,075 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waterloo.

Omaha's Best Affordable Neighborhoods

Learn about Omaha and the best places to live with original content written by our Local Expert Darla Ferrara

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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.

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Capriana
$1,301 - $3,710

Total Monthly Price

Base Rent$1,301 - $3,710
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Capriana

3333 N 212th StOmaha, NE 68022
Corporate Housing
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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Elkhorn Station
1 to 2 Bedroom Apartments

Elkhorn Station

2606 N Main StElkhorn, NE 68022
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Stone Creek Villas
1 to 3 Bedroom Apartments

Stone Creek Villas

5113 N 158th AveOmaha, NE 68116
Corporate Housing
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Sandstone Villas
2 to 3 Bedroom Apartments

Sandstone Villas

16201 Ida StOmaha, NE 68116
Corporate Housing

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-44, Page 1 of 1

Waterloo, NE Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, NE is a 1 Bed unit found at Lynbrook Apartments and Townhomes in the Elkhorn neighborhood priced from $1,112. Trade Winds Apartment Homes in the Elkhorn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,140. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lynbrook Apartments and TownhomesOne Bedroom1BR,1BA$1,112
Trade Winds Apartment HomesOne Bedroom1BR,1BA$1,140
Briar HillsOne Bedroom1BR,1BA$1,159
The AbacusS2Studio,1BA$1,160
The Village on the PreserveOak1BR,1BA$1,170
Broadmoor HillsLondonStudio,1BA$1,185
1010 on the LakeA695 One Bed Floor Plan1BR,1BA$1,195
Edge 204Little ItalyStudio,1BA$1,199
Fifty575 CoventryA11BR,1BA$1,210
Whispering RidgeA1R1BR,1BA$1,240

Best Value Apartments for Rent in Waterloo, NE and Nearby

As of September 05, 2026 the best value apartment in the Waterloo area is the $1.26 price per square foot Patricia Townhome Model at 5401 N 209th St in the in the Elkhorn neighborhood starting from $3,195. The second greatest value Waterloo apartment is the Elk underground parking Model at Elk Hills starting at $1,725 with a $1.25 price per square foot in the Elkhorn neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5401 N 209th StPatricia Townhome4BR,2.5BA$1.26
Elk HillsElk underground parking2BR,2BA$1.25
The Trails at North StreamsBarrington2BR,2.5BA$1.58
Villas At The Pines2 Bedroom2BR,2BA$1.14
West Hampton Park Apartment HomesTwo Bedroom2BR,2BA$1.24
Lakeside HillsThe Walden1BR,1BA$1.43
Cambridge VillasThe Maple1BR,1BA$1.45
Trade Winds Apartment HomesOne Bedroom End1BR,1BA$1.45
Briar HillsOne Bedroom1BR,1BA$1.41
Lynbrook Apartments and TownhomesOne Bedroom1BR,1BA$1.37

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.

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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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterloo, NE Rentals by Map

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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 The Abacus listed at $1,160.

How much is rent for a Cheap One Bedroom Waterloo Apartment?

The lowest price for a Cheap One Bedroom Waterloo Apartment is $1,112 at Lynbrook Apartments and Townhomes.

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 $1,275 at Cambury Hills.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Cambury Hills and starts from $1,750.

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

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Omaha article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Omaha

Written by: Darla Ferrara

Omaha is more than just a big city in Nebraska—it’s a college town. Thousands of students move to the Gateway to the West each year to attend one of the many colleges and universities.

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.