What's the average rent in Waterloo, IL?
Rental Market Trends in Waterloo, IL
Choose another city
SOURCE: TRULIA DATA
Rental market highlights
As of June 2026, the average rent in Waterloo, IL is $1,350 per month, which is 31% lower than the national average rent of $1,951 per month.
AVERAGE RENT
$1,350
-27.0%-$500 decrease month-over-month
-20.6%-$350 decrease year-over-year
AVAILABLE RENTALS
5
APARTMENTS
HOUSES
TOWNHOUSES
As of June 2026, townhomes are the most affordable rental option in Waterloo, IL at $950 per month, while houses are the most expensive at $1,895 per month. Apartments average $1,100 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $750 |
| 2 Bedrooms | $895 |
| 3 Bedrooms | $1,895 |
| 4 Bedrooms | $1,350 |
| All | $1,350 |
As of June 2026, the average rent for a 1 bedroom rental in Waterloo, IL is $750 per month, followed by $895 for a 2 bedroom rental, $1,895 for a 3 bedroom rental, and $1,350 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $950 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $950 |
As of June 2026, the average rent for a 2 bedroom townhome in Waterloo, IL is $950 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $750 |
| 2 Bedrooms | $895 |
| 3 Bedrooms | $1,695 |
| 4 Bedrooms | — |
| All | $1,100 |
As of June 2026, the average rent for a 1 bedroom apartment in Waterloo, IL is $750 per month, followed by $895 for a 2 bedroom apartment, and $1,695 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $1,350 |
| All | $1,895 |
As of June 2026, the average rent for a 3 bedroom house in Waterloo, IL is $2,800 per month, followed by $1,350 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -21% compared to the previous year, which is a $350 decrease.
This year (2026)
Last year (2025)
Rent distribution
45% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $750 to $2,800.
