
Cheap Homes for Rent in Waterloo, WI from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


714 N Oak St

6578 Lake Rd

215 N Spring 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.

2015 E Washington Ave

164 S Washington St, Unit 4

2507 E Johnson St

312 S Ingersoll St
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.

112 N Few St
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 | $1,757 | $1,275 | $2,500 |
| Waterloo 3 Bedroom Homes for Rent | $2,499 | $1,950 | $3,495 |
| Waterloo 4 Bedroom Homes for Rent | $2,687 | $2,100 | $3,250 |
| Waterloo 5 Bedroom Homes for Rent | $3,845 | $3,195 | $4,495 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freedom Ring Apartments | 736 - 1 Bed / 1 Bath | 1BR,1BA | $875 |
| The Baehron | Studio Unfurnished | Studio,1BA | $895 |
| Hawthorne Apartments | 1 Bedroom With Balcony Lower | 1BR,1BA | $995 |
Best Value Apartments for Rent in Waterloo, WI and Nearby
As of July 23, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Prairie Grove | H | 1BR,2BA | $1.28 |
| Rock Creek Apartments | 2 Bed 2 Bath. | 2BR,2BA | $1.20 |
| Monroe Street Apartments | 3x2 Medium | 3BR,2BA | $1.06 |
| Tamarack Gardens-Distinctive 55+ Community | 2 Beds 1.5 Bath | 2BR,1.5BA | $1.35 |
| Rolling Prairie | Three Bedroom | 3BR,1BA | $1.14 |
| Tamarack Apartment Homes | 2 Bedroom | 2BR,1BA | $1.16 |
| School Street Apartments | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.18 |
| The Wildwood at Main | Badger 50% | 2BR,1BA | $1.30 |
| Pondview Apartments | 2 BR/ 1 BA | 2BR,1BA | $1.30 |
| Knowlton Woods Apartments | Two Bedroom | 2BR,1BA | $1.34 |
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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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 $3,140. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $750 to $4,495.
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 $750 to $4,495 with an average monthly rent of $2,215.
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 $1,250 to $3,140, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $3,495. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $2,465.
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.

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.

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.

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.