What's the average rent in Waterloo, IL?

Rental Market Trends in Waterloo, IL

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Waterloo, IL is $1,200 per month, which is 38% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,200

0.4%$5 increase month-over-month

33.3%$300 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$950

HOUSES

$2,500

TOWNHOUSES

$1,825

As of November 2026, apartments are the most affordable rental option in Waterloo, IL at $950 per month, while houses are the most expensive at $2,500 per month. Townhomes average $1,825 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$900
2 Bedrooms	$1,150
3 Bedrooms	$2,500
4 Bedrooms	—
All	$1,200

As of November 2026, the average rent for a 1 bedroom rental in Waterloo, IL is $900 per month, followed by $1,150 for a 2 bedroom rental, and $2,500 for a 3 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,195
3 Bedrooms	$1,875
4 Bedrooms	—
All	$1,825

As of November 2026, the average rent for a 2 bedroom townhome in Waterloo, IL is $1,195 per month, followed by $1,875 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$900
2 Bedrooms	$1,200
3 Bedrooms	$2,500
4 Bedrooms	—
All	$2,500

As of November 2026, the average rent for a 1 bedroom house in Waterloo, IL is $900 per month, followed by $1,200 for a 2 bedroom house, and $2,500 for a 3 bedroom house.