What's the average rent in Waterloo, IL?
Rental Market Trends in Waterloo, IL
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SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in Waterloo, IL is $950 per month, which is 52% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$950
-13.6%-$150 decrease month-over-month
6.1%$55 increase year-over-year
AVAILABLE RENTALS
6
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in Waterloo, IL at $895 per month, while houses are the most expensive at $1,350 per month. Townhomes average $950 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $950 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | — |
| All | $950 |
As of August 2026, the average rent for a 1 bedroom rental in Waterloo, IL is $950 per month, followed by $950 for a 2 bedroom rental, and $2,800 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $950 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $950 |
As of August 2026, the average rent for a 2 bedroom townhome in Waterloo, IL is $950 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $950 |
| 2 Bedrooms | $895 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $895 |
As of August 2026, the average rent for a 1 bedroom apartment in Waterloo, IL is $950 per month, followed by $895 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | — |
| All | $1,350 |
As of August 2026, the average rent for a 2 bedroom house in Waterloo, IL is $1,350 per month, followed by $2,800 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has increased by +6% compared to the previous year, which is a +$55 increase.
This year (2026)
Last year (2025)
Rent distribution
63% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $775 to $2,800.
