Cheap Apartments for Rent in Waterloo, WI from $600 (50 Rentals)

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

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Freedom Ring Apartments
Rent Specials
$875 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,200
Total Monthly Price
$875 - $1,200
1 Bedroom Apartments Available Now

Freedom Ring Apartments

617-713 Chase BlvdSun Prairie, WI 53590
Affordability
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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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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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The Wildwood at Main
Rent Specials
$1,386 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,386 - $1,599
Total Monthly Price
$1,386 - $1,599
2 to 3 Bedroom Apartments Available Now

The Wildwood at Main

150 Schneider RdSun Prairie, WI 53590
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Apartments on Main
Rent Specials
$1,395 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $2,000
Total Monthly Price
$1,395 - $2,000
1 to 3 Bedroom Apartments Available Aug 15

Apartments on Main

410 East Main StSun Prairie, WI 53590
Corporate Housing
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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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124-208 S Bird St
2 Bedroom Apartments

124-208 S Bird St

124-208 S Bird StSun Prairie, WI 53590
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Tamarack Trails
1 to 2 Bedroom Apartments

Tamarack Trails

215-225 Tamarack DrLake Mills, WI 53551

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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Waterloo, WI Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, WI is a 1 Bed unit found at Freedom Ring Apartments in the Liberty Square neighborhood priced from $875. The Baehron in the Liberty Square neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Freedom Ring Apartments736 - 1 Bed / 1 Bath1BR,1BA$875
The BaehronStudio UnfurnishedStudio,1BA$895
Hawthorne Apartments1 Bedroom With Balcony Lower1BR,1BA$995
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1,075
The McHenryWorkforce Housing - A11BR,1BA$1,125
Hillcrest ApartmentsB1 SR - B1 SR1BR,1BA$1,195
Crosstown of Sun Prairie2x12BR,1BA$1,199
512 S Main StUnit 42BR,1BA$1,250
School Street Apartments3 bedroom x 2 bath3BR,2BA$1,250
Gateway CommonsL1BR,1BA$1,275

Best Value Apartments for Rent in Waterloo, WI and Nearby

As of July 24, 2026 the best value apartment in the Waterloo area is the $1.28 price per square foot H Model at Prairie Grove in the in the Outer Sun Prairie neighborhood starting from $1,695. The second greatest value Waterloo apartment is the 2 Bed 2 Bath. Model at Rock Creek Apartments starting at $1,549 with a $1.20 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.
Prairie GroveH1BR,2BA$1.28
Rock Creek Apartments2 Bed 2 Bath.2BR,2BA$1.20
Monroe Street Apartments3x2 Medium3BR,2BA$1.06
Rolling PrairieThree Bedroom3BR,1BA$1.14
Tamarack Apartment Homes2 Bedroom2BR,1BA$1.16
School Street Apartments3 Bedroom 1.5 Bathroom3BR,1.5BA$1.18
The Wildwood at MainEagle 50%2BR,1BA$1.29
Pondview Apartments2 BR/ 1 BA2BR,1BA$1.30
Knowlton Woods ApartmentsTwo Bedroom2BR,1BA$1.34
Freedom Ring Apartments736 - 1 Bed / 1 Bath1BR,1BA$1.25

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

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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 $875 at Freedom Ring 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 $1,250.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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

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.