What's the average rent in Waterloo, IA?

Rental Market Trends in Waterloo, IA

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in Waterloo, IA is $825 per month, which is 58% lower than the national average rent of $1,951 per month.

AVERAGE RENT

$825

1.9%$15 increase month-over-month

-2.9%-$25 decrease year-over-year

AVAILABLE RENTALS

221

APARTMENTS

$800

HOUSES

$950

TOWNHOUSES

$1,280

As of June 2026, apartments are the most affordable rental option in Waterloo, IA at $800 per month, while townhomes are the most expensive at $1,280 per month. Houses average $950 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$650
2 Bedrooms	$835
3 Bedrooms	$1,100
4 Bedrooms	$1,150
All	$825

As of June 2026, the average rent for a 1 bedroom rental in Waterloo, IA is $650 per month, followed by $835 for a 2 bedroom rental, $1,100 for a 3 bedroom rental, and $1,150 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$825
3 Bedrooms	$1,500
4 Bedrooms	—
All	$1,280

As of June 2026, the average rent for a 2 bedroom townhome in Waterloo, IA is $825 per month, followed by $1,500 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$640
2 Bedrooms	$810
3 Bedrooms	$999
4 Bedrooms	$825
All	$750

As of June 2026, the average rent for a 1 bedroom apartment in Waterloo, IA is $640 per month, followed by $810 for a 2 bedroom apartment, $999 for a 3 bedroom apartment, and $825 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$850
3 Bedrooms	$1,000
4 Bedrooms	$1,250
All	$950

As of June 2026, the average rent for a 1 bedroom house in Waterloo, IA is $550 per month, followed by $850 for a 2 bedroom house, $1,000 for a 3 bedroom house, and $1,250 for a 4 bedroom house.