
Cheap Homes for Rent near Waterloo, WI from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


2426 Independence Ln, Unit 211

828-830 E Johnson St

830 E Johnson St

113 E Milwaukee 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.

312 S Ingersoll St

4338 Melody Ln, Unit 108

36 Bel-Aire Dr

19 Fairlane Ct

47 Fairlane Ct
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.

500-504 Kings Lynn Rd
Waterloo, WI 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 | $1,733 | $1,150 | $2,500 |
| Waterloo 3 Bedroom Homes for Rent | $2,411 | $1,800 | $3,390 |
| Waterloo 4 Bedroom Homes for Rent | $3,091 | $2,000 | $5,500 |
| Waterloo 5 Bedroom Homes for Rent | $6,372 | $3,750 | $8,995 |
Browse Top Homes for Rent in Waterloo
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Waterloo, WI Local Guide
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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. Hawthorne Apartments in the Jefferson County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Baehron | Studio Unfurnished | Studio,1BA | $895 |
| Hawthorne Apartments | 1 Bedroom With Balcony Upper | 1BR,1BA | $995 |
| Crosstown of Sun Prairie | 2x1 bel | 2BR,1BA | $999 |
| Hillcrest Apartments | B1-HC - B1 | 1BR,1BA | $1,095 |
| Browns Court Apartments | 1 Bed 1 Bath Lower | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Waterloo, WI and Nearby
As of September 07, 2026 the best value apartment in the Waterloo area is the $1.26 price per square foot H Model at Prairie Grove in the in the Outer Sun Prairie neighborhood starting from $1,670. The second greatest value Waterloo apartment is the 3 Bedroom Model at Tamarack Apartment Homes starting at $1,400 with a $1.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Prairie Grove | H | 1BR,2BA | $1.26 |
| Tamarack Apartment Homes | 3 Bedroom | 3BR,1.5BA | $1.08 |
| Artisan Square | E | 2BR,2BA | $1.37 |
| Autumn Woods Apartments | 2 Bedroom | 2BR,2BA | $1.44 |
| Rolling Prairie | Three Bedroom | 3BR,1BA | $1.14 |
| Gateway Commons | F | 1BR,2BA | $1.34 |
| Pondview Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.30 |
| Crosstown of Sun Prairie | 2x1 | 2BR,1BA | $1.30 |
| 600 S Main St | 2 Beds, 1 bath | 2BR,1BA | $1.44 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,1BA | $1.38 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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See the most popular apartments and homes in Waterloo, WI
Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 63 Apartments for Rent in Waterloo, WI with pricing that ranges from $663 to $2,800. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $1,150 to $8,995.
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 $1,150 to $8,995 with an average monthly rent of $2,515.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.