What's the average rent in Waterloo, IA?

Rental Market Trends in Waterloo, IA

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Waterloo, IA is $850 per month, which is 57% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$850

3.0%$25 increase month-over-month

0.0%No change year over year

AVAILABLE RENTALS

234

APARTMENTS

$777

HOUSES

$999

TOWNHOUSES

$850

As of August 2026, apartments are the most affordable rental option in Waterloo, IA at $777 per month, while houses are the most expensive at $999 per month. Townhomes average $850 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	$850
3 Bedrooms	$1,194
4 Bedrooms	$1,250
All	$850

As of August 2026, the average rent for a 1 bedroom rental in Waterloo, IA is $650 per month, followed by $850 for a 2 bedroom rental, $1,194 for a 3 bedroom rental, and $1,250 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$800
3 Bedrooms	$1,250
4 Bedrooms	$1,395
All	$850

As of August 2026, the average rent for a 2 bedroom townhome in Waterloo, IA is $800 per month, followed by $1,250 for a 3 bedroom townhome, and $1,395 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$650
2 Bedrooms	$810
3 Bedrooms	$1,025
4 Bedrooms	—
All	$675

As of August 2026, the average rent for a 1 bedroom apartment in Waterloo, IA is $650 per month, followed by $810 for a 2 bedroom apartment, and $1,025 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$850
3 Bedrooms	$1,200
4 Bedrooms	$1,250
All	$999

As of August 2026, the average rent for a 1 bedroom house in Waterloo, IA is $550 per month, followed by $850 for a 2 bedroom house, $1,200 for a 3 bedroom house, and $1,250 for a 4 bedroom house.