Cheap Apartments for Rent in Waterloo, WI from $600 (53 Rentals)

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

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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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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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124-208 S Bird St
2 Bedroom Apartments

124-208 S Bird St

124-208 S Bird StSun Prairie, WI 53590
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Waterloo, WI Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, WI is a Studio unit found at The Baehron in the Liberty Square neighborhood priced from $895. Canterbury Court Apartments in the Liberty Square neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The BaehronStudio UnfurnishedStudio,1BA$895
Canterbury Court Apartments1110 - 1 Bed / 1 Bath1BR,1BA$1,050
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,075
The Wildwood at MainMallard 50%1BR,1BA$1,087
Anna Street ApartmentsLARGE SECOND FLOOR2BR,1BA$1,195
The Crest at Cardinal HeightsE1BR,1BA$1,200
Colorado Commons - 143 N Wildwood St1x1-B5A1BR,1BA$1,249
The McHenryWorkforce Housing - A81BR,1BA$1,250
Catalyst on MainA1Studio,1BA$1,295
School Street Apartments3 Bedroom 1.5 Bathroom3BR,1BA$1,300

Best Value Apartments for Rent in Waterloo, WI and Nearby

As of April 26, 2026 the best value apartment in the Waterloo area is the $1.04 price per square foot 3 Bed 2 Bath Model at KESTREL RIDGE in the starting from $1,350. The second greatest value Waterloo apartment is the 3BR/2BA Model at Pondview Apartments starting at $1,600 with a $1.28 price per square foot in the Brookstone Meadows 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.
KESTREL RIDGE3 Bed 2 Bath3BR,2BA$1.04
Pondview Apartments3BR/2BA3BR,2BA$1.28
Rock Creek Apartments2 Bed 2 Bath 2 Car2BR,2BA$1.52
School Street Apartments3 bedroom x 2 bath3BR,2BA$1.23
The Wildwood at MainBadger 80%2BR,1BA$1.48
Prairie GroveB2BR,2BA$1.57
Anna Street ApartmentsLARGE SECOND FLOOR2BR,1BA$1.26
The McHenryA91BR,1BA$1.54
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.34
Colorado Commons - 143 N Wildwood St1x1-B5A1BR,1BA$1.65

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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

Explore Waterloo, WI 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 Baehron listed at $895.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $1,050 at Canterbury Court Apartments.

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 $1,075 at Knowlton Woods Apartments.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at School Street Apartments and starts from $1,300.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.