
Cheap Homes for Rent in Waterloo, NE from $1,100 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


14465 Sprague Ct

5937 N 158th Ct

2206 N 141st Ave

14012 Ohern St

3307 S 133rd St
Omaha's Best Affordable Neighborhoods
Learn about Omaha and the best places to live with original content written by our Local Expert Darla Ferrara

14614 Borman St

38 Cypress St

2670 River Rd Dr

6556 N 252nd St

4107 N 213th Cir

18731 Allan St
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.
Waterloo, NE Local Guide

How much does it cost to rent a home in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo 2 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Waterloo 3 Bedroom Homes for Rent | $2,352 | $1,850 | $3,650 |
| Waterloo 4 Bedroom Homes for Rent | $3,049 | $1,995 | $5,000 |
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Waterloo, NE Local Guide
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Cheapest Available Waterloo Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterloo, NE is a Studio unit found at The Trails at North Streams in the Millard neighborhood priced from $1,055. Fifty575 Coventry in the Elkhorn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,107. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Trails at North Streams | Standing Bear | Studio,1BA | $1,055 |
| Fifty575 Coventry | A2 | 1BR,1BA | $1,107 |
| Lynbrook Apartments and Townhomes | One Bedroom | 1BR,1BA | $1,137 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1,140 |
| EVO Townhomes & Apartments | Bungalow | Studio,1BA | $1,145 |
Best Value Apartments for Rent in Waterloo, NE and Nearby
As of July 27, 2026 the best value apartment in the Waterloo area is the $1.42 price per square foot Castlebrook Model at Cambridge Villas in the in the Northeast Outer Elkhorn neighborhood starting from $2,292. The second greatest value Waterloo apartment is the Two Bedroom Model at Briar Hills starting at $1,427 with a $1.14 price per square foot in the Northeast Outer Elkhorn 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. |
|---|---|---|---|
| Cambridge Villas | Castlebrook | 3BR,2BA | $1.42 |
| Briar Hills | Two Bedroom | 2BR,2BA | $1.14 |
| Villas At The Pines | 2 Bedroom | 2BR,2BA | $1.14 |
| West Hampton Park Apartment Homes | Two Bedroom | 2BR,2BA | $1.29 |
| Lynbrook Apartments and Townhomes | Two Bedroom | 2BR,2BA | $1.36 |
| Cambury Hills Apartments | Chateau | 2BR,2BA | $1.27 |
| The Village on the Preserve | Ginkgo | 1BR,1BA | $1.47 |
| Elk Hills | Buck | 1BR,1BA | $1.38 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1.43 |
| Fifty575 Coventry | A2 | 1BR,1BA | $1.44 |
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 ArticleReal 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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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 44 Apartments for Rent in Waterloo, NE with pricing that ranges from $1,030 to $3,564. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $1,132 to $5,000.
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 $1,132 to $5,000 with an average monthly rent of $2,537.
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 $1,925 to $3,562, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,650. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,399.
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

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.

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.