
Cheap Homes for Rent in Waterloo, NE from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


13228 Montclair Dr

16767 Laurel Plaza
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.

670 S 69th St

6006 N 68th St

5633 Parker St
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.
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 | $1,723 | $1,350 | $2,250 |
| Waterloo 3 Bedroom Homes for Rent | $2,249 | $1,650 | $3,650 |
| Waterloo 4 Bedroom Homes for Rent | $2,969 | $2,200 | $5,000 |
| Waterloo 5 Bedroom Homes for Rent | $3,095 | $3,095 | $3,095 |
Browse Top Homes for Rent in Waterloo
Explore Waterloo
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 $1,045. West Hampton Park Apartment Homes in the Northeast Outer Elkhorn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,056. 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 | $1,045 |
| West Hampton Park Apartment Homes | One Bedroom | 1BR,1BA | $1,056 |
| The Harbor | Anchor | Studio,1BA | $1,099 |
Best Value Apartments for Rent in Waterloo, NE and Nearby
As of June 12, 2026 the best value apartment in the Waterloo area is the $1.41 price per square foot Juniper Model at Juniper Row Townhomes in the in the Northeast Outer Elkhorn neighborhood starting from $2,044. The second greatest value Waterloo apartment is the Forestwood Model at Redwood Bennington starting at $2,049 with a $1.58 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. |
|---|---|---|---|
| Juniper Row Townhomes | Juniper | 3BR,2.5BA | $1.41 |
| Redwood Bennington | Forestwood | 2BR,2BA | $1.58 |
| Dalmore Apartments | Brooklyn | 3BR,2BA | $1.61 |
| VUE178 | 2 Bedroom, 2 Bathroom - 1117 SF | 2BR,2BA | $1.50 |
| Cambury Hills Apartments | Chateau | 2BR,2BA | $1.27 |
| The Village on the Preserve | Ginkgo | 1BR,1BA | $1.47 |
| Lynbrook Apartments and Townhomes | One Bedroom | 1BR,1BA | $1.34 |
| Whispering Ridge | A2R | 1BR,1BA | $1.60 |
| Trade Winds Apartment Homes | One Bedroom | 1BR,1BA | $1.42 |
| West Hampton Park Apartment Homes | One Bedroom | 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.
Read ArticleQuick 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.
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 45 Apartments for Rent in Waterloo, NE with pricing that ranges from $1,045 to $3,800. There are also 32 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 $2,561.
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 $1,791 to $3,570, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,650. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,424.
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

Exploring Omaha’s Best Affordable Neighborhoods: Finding Your Perfect Fit in the Heart of the Midwest
Written by: Darla Ferrara
If you want to enjoy the good life but still have access to big-city perks, Omaha is the right choice. This metropolis has everything you could want, from fine dining to an award-winning zoo to a vibrant indie music scene.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.