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Waterloo, IA Apartments For Rent

187 Properties

Average Rent in Waterloo, IA

Avg. RentAnnual Change
Waterloo Studio - $1,125+5%
Waterloo 1 Bed - $1,400+8%
Waterloo 2 Beds - $900+20%
Last updated 5/17/2024

Local Guide

See what Waterloo, IA has to offer.

Local Reviews

There's nothing really unique about it. But it's easy to find. It's not far away from certain schools and parks. But mainly it's not far from my job.

It's very quiet and small town. There's nothing really here restaurant store wise there is a nice park that's about all ise.

I like nearby stores, very advanced from the community, it can be available in 5 minutes by cycling, and the types of goods in the store are very complete.

Restaurants many available a wide choice more shops available in the area that was just tore down. It should be made into a mini mall. Shops for clothing.

I like going to the movies, walking, hangout, sleepovers, be trouble makers, have fun overall with them.

convenient off street parking so I can see my car from my apartment. when I am taking care of young grandchild, there is a play area on site for her to go to. It is quiet

Demographics

Education

High School

46%

Associate's

32%

Bachelor's

17%

Master's

5%

Doctorate

1%

Family Size

2 people

45%

3 people

27%

4 people

15%

5 people

7%

6+ people

6%

Household Income

0-50k

52%

50-100k

31%

100-150k

11%

150-200k

3%

200k+

3%

Age

0-10

13%

10-20

12%

20-45

34%

45-65

24%

65+

16%

Affordability

Percentage: 4/54/5

Renters gave this area a 4 out of 5 for affordability

Last updated 5/17/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Waterloo, IA

In Waterloo, IA, as of 2024, the average rent for apartments ranges from $900 to $1,400. Specifically, the average rent for a studio apartment in Waterloo, IA is $1,125. For those seeking a 1-bedroom apartments, the average rent is $1,400. And for a 2-bedroom apartment, renters can expect to pay an average of $900.

Annual Rent Change Over the Past 12 Months

Studio

+5%

Changed from $1,071 to $1,125
1 Bed

+8%

Changed from $1,296 to $1,400
2 Beds

+20%

Changed from $750 to $900
Last updated 5/17/2024

Rent Ranges

Apartment PricesProportion
16%
47%
23%
9%
5%

Compare Other Cities

CityStudio Avg RentAnnual Change
Cedar Falls$950-32%
Marion$790-28%
Tama$700--
Cedar Rapids$650-35%
Marshalltown$550+10%
Toledo$525+5%
City1 Bed Avg RentAnnual Change
Cedar Falls$1,375+4%
Marion$995+42%
Waverly$845--
Cedar Rapids$776-29%
Hiawatha$710-11%
Toledo$700--
Tama$600--
Marshalltown$550-12%
City2 Beds Avg RentAnnual Change
Cedar Falls$1,740+2%
Waverly$1,575-2%
Hudson$1,4000%
Independence$1,3000%
Cedar Rapids$927+2%
Evansdale$895--
Marion$875-4%
Marshalltown$800+10%
Dike$800--
Hiawatha$787-1%
Iowa Falls$750--
Tama$725--
Toledo$650-7%

Compare Neighborhoods

Neighborhood1 Bed Avg RentAnnual Change
Franklin Gateway$1,575+5%
Downtown$1,400+8%
Neighborhood2 Beds Avg RentAnnual Change
Downtown$1,775+15%
Church Row Historic$735--
Franklin Gateway$675--

Transportation

Commute Time

0-15 Mins

52%

15-30 Mins

39%

30-40 Mins

4%

40-60 Mins

2%

60+ Mins

3%

Transportation Scores

Percentage: 4747

Walk Score®

Walkable

No

Say 11 of 20 renters

Has Sidewalks

Yes

Say 14 of 20 renters

Percentage: 5858

Bike Score®

Bike Friendly

Yes

Say 16 of 20 renters

Area Amenities

Top Score

Medical Care

2.5/5 stars based on undefined reviews

Healthcare in Waterloo doesn't tip the scales.

  1. Few medical facilities per resident
  2. Significantly more medical facilities than average
  3. Significantly more medical facilities than areas of a similar size

Grocery Stores

2/5 stars based on undefined reviews

The food shops around here are few and far between.

  1. Few grocery stores per resident
  2. 47% fewer grocery stores than average
  3. 17% fewer grocery stores than areas of a similar size

Nightlife

2/5 stars based on undefined reviews

You'll need to stock up the mini-bar. Waterloo is running dry.

  1. Few bars and clubs per resident
  2. 49% more bars and clubs than average
  3. Significantly more bars and clubs than areas of a similar size

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

  1. Few gas stations per resident
  2. 75% fewer gas stations than average
  3. 58% fewer gas stations than areas of a similar size

Restaurants

1.5/5 stars based on undefined reviews

Better stock your pantry because the restaurant scene is paltry.

  1. Few restaurants per resident
  2. 77% fewer restaurants than average
  3. 63% fewer restaurants than areas of a similar size

Coffee

1.5/5 stars based on undefined reviews

Stock up on your home beans, because this place is out of brew.

  1. Few coffee shops per resident
  2. 82% fewer coffee shops than average
  3. 69% fewer coffee shops than areas of a similar size

Parks

1.5/5 stars based on undefined reviews

Room for improvement. More parks please.

  1. Few parks per resident
  2. 62% fewer parks than average
  3. 58% fewer parks than areas of a similar size

Retail Shops

1.5/5 stars based on undefined reviews

This place is great for recovering shopaholics - a low retail score.

  1. Few shops per resident
  2. 100% fewer shops than average
  3. 100% fewer shops than areas of a similar size

Health and Fitness

1.5/5 stars based on undefined reviews

Do you even lift, bro? Waterloo is weak on fitness.

  1. Few gyms per resident
  2. 75% fewer gyms than average
  3. 63% fewer gyms than areas of a similar size

Pet Services

1.5/5 stars based on undefined reviews

We're not mutts about Waterloo.

  1. Few pet facilities per resident
  2. 75% fewer pet facilities than average
  3. 73% fewer pet facilities than areas of a similar size

Fine Arts

1.5/5 stars based on undefined reviews

An all around mediocre performance for art.

  1. Few fine art centers per resident
  2. 100% fewer fine art centers than average
  3. 100% fewer fine art centers than areas of a similar size

Area Features

Area Has Litter

No

Say 20 of 20 renters

Noise Late At Night

No

Say 19 of 20 renters

Good Place To Raise A Family

Yes

Say 18 of 20 renters

Well Lit

Yes

Say 18 of 20 renters

Pet Friendly

Yes

Say 17 of 20 renters

Area Has Potholes

No

Say 17 of 20 renters

Safe For Families

Yes

Say 17 of 20 renters

Mostly Older Buildings

No

Say 16 of 20 renters

Busy Streets

No

Say 15 of 20 renters

Area Has Kids Play Outside

Yes

Say 15 of 20 renters

Quiet Area

Yes

Say 15 of 20 renters

Maintained Yards

Yes

Say 14 of 20 renters

Tree Lined Streets

Yes

Say 13 of 20 renters

Near Schools

Yes

Say 12 of 20 renters

Near Grocery Stores

Yes

Say 11 of 20 renters

Near Highways

Yes

Say 11 of 20 renters

Nearby Parks

Yes

Say 11 of 20 renters

Near Downtown

No

Say 11 of 20 renters

Mostly Newer Buildings

No

Say 16 of 20 renters

Nice Views

No

Say 16 of 20 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Waterloo

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

About

Waterloo, IA

Overview of Waterloo

Located on the banks of the Cedar River in northeastern Iowa, Waterloo was once known as "Prairie Rapids Crossing." It has grown into a diverse and thriving community and maintains a strong connection to its roots as an agricultural community. Waterloo apartments for rent are a popular choice for families looking for a city with a small-town vibe that also boasts the culture and sophistication of a much larger metropolis. A strong local economy that includes numerous nationally recognized employers has contributed to the popularity of this city. Almost 70,000 people call Waterloo home.

Living in Waterloo, IA

It's easy to take advantage of sports and recreation activities from Waterloo rentals. Almost 100 miles of paved recreation trails are located within Waterloo's city limits. Golf, canoeing and kayaking are also popular activities in the community.

Waterloo also features a thriving arts scene, and the Waterloo Center for the Arts is home to community events, diverse exhibitions on display in the museum and an amphitheatre. The Black Hawk Children's Theatre and Waterloo Community Playhouse bring nationally recognized theater productions to the Waterloo community through live performances that take place throughout the year. Residents can head over to the Waterloo Isle Casino and Hotel to try their luck at slots, table games and poker. The casino is also known for its world-class dining and live entertainment.

Waterloo Work and Study

Waterloo's business community is one of its biggest assets. The Waterloo workforce is highly educated, with almost 99 percent of residents holding a high school degree or higher. Major employers in Waterloo include John Deere, Tyson, GMAC, Hawkeye Community College and the city of Waterloo. In the past five years, more than 1 million square feet of new industrial and office space valued at nearly $100 million has been added to the city.

Waterloo students in grades K-12 are served by the Waterloo Community School District. The main campus of Hawkeye Community College is located just outside of Waterloo. The college offers numerous degree, certificate and vocational training programs. Wartburg College, located just outside of Waterloo in Waverly, is a private four-year college of the Evangelical Lutheran Church in America. The University of Northern Iowa is located in Cedar Rapids and is a state-supported university that is made up of approximately 13,000 students.

Rentals in Waterloo, IA, and Cost of Living

Affordable housing is plentiful in Waterloo, and the median selling price of a single-family home is well below the national average. The Waterloo Housing Authority promotes public housing programs and helps low-income families with rental payments for safe and sanitary housing. According to city-data.com, the median gross rent in 2009 for Waterloo rentals was $589.

Waterloo Attractions and Special Events

Many of Waterloo's attractions reflect its history as an agricultural community. The Grout Museum of History and Science features a history collection that dates from 1833 to the present, and includes items such as the Maytag Car and the Rath Packing Company whistle. The John Deere Tractor Assembly Tour is another community landmark, and guests can watch a tractor as it is built from start to finish.

The Phelps Youth Pavillion is a family-oriented museum that features more than 40 hands-on exhibits that relate to art and culture. Located at the Waterloo Center for the Arts, the pavillion allows visitors to engage in activities such as milking a cow or driving a tractor.

The National Cattle Congress has been a popular feature of the Waterloo community since 1910. While visiting the dairy show, guests can walk through barns to visit friendly farm animals or view historic farm machinery on display. Entertainment includes live music performances, baking competitions and carnival rides.

To find a Waterloo apartment or rental, check out our apartment listings. Rent.com® is happy to help you find your next home.

Waterloo Neighborhood Guides

If you're trying to find the best neighborhood that meets your needs, checkout our Waterloo neighborhood guides. These guides walk you though what its like to live in these neighborhoods


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Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Cedar Falls, IA 5.8 miles$1,375$1,740
Evansdale, IA 3.6 miles---$895
Waverly, IA 17.5 miles$845$1,575
Hudson, IA 8.3 miles---$1,400
Big Rock, IA 4.7 miles------
Oelwein, IA 25.2 miles------
Vinton, IA 27.7 miles------
Independence, IA 23.2 miles---$1,300
Grundy Center, IA 23.5 miles------
Dike, IA 14.7 miles---$800

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Church Row Historic$550$735
Downtown$1,400$1,775
Cedar River------