What's the average rent in Waterloo, IA?

Rental Market Trends in Waterloo, IA

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SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Waterloo, IA is $850 per month, which is 56% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$850

0.0%No change month over month

0.0%No change year over year

AVAILABLE RENTALS

217

APARTMENTS

$747

HOUSES

$930

TOWNHOUSES

$795

As of May 2026, apartments are the most affordable rental option in Waterloo, IA at $747 per month, while houses are the most expensive at $930 per month. Townhomes average $795 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$625
2 Bedrooms	$825
3 Bedrooms	$1,077
4 Bedrooms	$1,450
All	$800

As of May 2026, the average rent for a 1 bedroom rental in Waterloo, IA is $625 per month, followed by $825 for a 2 bedroom rental, $1,077 for a 3 bedroom rental, and $1,450 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$600
2 Bedrooms	$795
3 Bedrooms	$1,500
4 Bedrooms	—
All	$795

As of May 2026, the average rent for a 1 bedroom townhome in Waterloo, IA is $600 per month, followed by $795 for a 2 bedroom townhome, and $1,500 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$625
2 Bedrooms	$800
3 Bedrooms	$900
4 Bedrooms	$1,684
All	$675

As of May 2026, the average rent for a 1 bedroom apartment in Waterloo, IA is $625 per month, followed by $800 for a 2 bedroom apartment, $900 for a 3 bedroom apartment, and $1,684 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$575
2 Bedrooms	$850
3 Bedrooms	$1,066
4 Bedrooms	$1,450
All	$930

As of May 2026, the average rent for a 1 bedroom house in Waterloo, IA is $575 per month, followed by $850 for a 2 bedroom house, $1,066 for a 3 bedroom house, and $1,450 for a 4 bedroom house.