
Cheap Homes for Rent in Waterloo, OR from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


611 Tangent St

368 Spaulding Ave

1016 15th Ave

1425 22nd Ave

524 Harrison St

1100 Linn Way
Waterloo, OR 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 | $1,500 | $1,200 | $1,650 |
| Waterloo 3 Bedroom Homes for Rent | $2,143 | $1,795 | $2,600 |
| Waterloo 4 Bedroom Homes for Rent | $2,489 | $1,750 | $2,900 |
Browse Top Homes for Rent in Waterloo
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Waterloo, OR Local Guide
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Cheapest Available Waterloo Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterloo, OR is a 1 Bed unit found at BEAUTIFULLY RENOVATED STUDIOS priced from $695. Queen Anne has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,052. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BEAUTIFULLY RENOVATED STUDIOS | 1BR/1.0BA | 1BR,1BA | $695 |
| Queen Anne | One Bedroom - 60% | 1BR,1BA | $1,052 |
| Wolf Ridge | 3 Bedroom | 3BR,1BA | $1,064 |
Best Value Apartments for Rent in Waterloo, OR and Nearby
As of November 14, 2025 the best value apartment in the Waterloo area is the $0.85 price per square foot 3 Bedroom Model at Wolf Ridge in the starting from $1,064. The second greatest value Waterloo apartment is the 2 Bed / 1.5 Bath Model at 311-325 E Dodge St starting at $1,650 with a $1.50 price per square foot . 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. |
|---|---|---|---|
| Wolf Ridge | 3 Bedroom | 3BR,1.5BA | $0.85 |
| 311-325 E Dodge St | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.50 |
| Conifer Place | Two Bed Two Bath B | 2BR,2BA | $1.74 |
| Aspen Place Apartments | 2 Bedroom | 2BR,2BA | $1.52 |
| Parkside Apartments | 1 x 1 | 1BR,1BA | $1.53 |
| Hickory Lake | 1x1 ADA Special | 1BR,1BA | $1.79 |
| Villa Chateau Apartments | 2/1.5 A | 2BR,1.5BA | $1.73 |
| Queen Anne | One Bedroom - 60% | 1BR,1BA | $1.44 |
| Knox Butte Apartments | 1x1- Upstairs | 1BR,1BA | $1.90 |
| Crystal Lake Apartments | 1 BR 1 Bath | 1BR,1BA | $1.85 |
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Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 34 Apartments for Rent in Waterloo, OR with pricing that ranges from $695 to $2,910. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $1,200 to $2,900.
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 $1,200 to $2,900 with an average monthly rent of $1,761.
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 $1,064 to $2,910, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,900.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.