Waterloo IA Apartments
116 rentals
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2-3 Beds
1-2 BathsLantern Square Apartments Spacious 1, 2 & 3 Bedrooms | 1141 Lantern Sq,
Waterloo, IA 50701
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SPECIAL OFFER$1,250 - $1,300/mo1 Bed1 BathPrairie Rapids 2 - 1 Month Free on 13 Month Lease | 220 Rapids Sq,
Waterloo, IA 50702
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NEW - 1 DAY AGO
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PET FRIENDLY$1,600 - $1,650/mo2-3 Beds3 BathsBrand New Condo 3bd 2.5 ba for RENT!! | 2539 W 3rd St,
Waterloo, IA 50701
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PET FRIENDLY
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Average Rent Trends in Waterloo, IA
Rent in Waterloo, IA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $791 |
| Nov 2025 | $734 |
| Dec 2025 | $741 |
| Jan 2026 | $731 |
| Feb 2026 | $750 |
| Mar 2026 | $731 |
| Apr 2026 | $758 |
| May 2026 | $766 |
| Jun 2026 | $782 |
| Jul 2026 | $784 |
| Aug 2026 | $770 |
| Sep 2026 | $809 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $650 | $850 | $1,075 | $1,300 | $825 |
| Townhomes | $750 | $1,100 | $1,600 | — | $1,250 |
| Apartments and Condos | $625 | $825 | $1,050 | $2,450 | $700 |
| Houses | $675 | $875 | $1,000 | $1,200 | $975 |
Frequently Asked Questions about Apartments and Condos for rent in Waterloo, IA
- What is the average rent of an apartment in Waterloo, IA?The average rent of an apartment in Waterloo, IA is $809 per month. This is about 58% lower than the national average.
- When is the average rent for an apartment cheapest in Waterloo, IA?In the last year, the average rent in Waterloo, IA was lowest in Jan 2025 when it was $719 per month.
- When is the average rent for an apartment most expensive in Waterloo, IA?In the last year, the average rent in Waterloo, IA was highest in Jun 2025 when it was $1,113 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Waterloo, IA?The average rent of a 1 bedroom apartment in Waterloo, IA is $693 per month. That is about $146 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in Waterloo, IA?There are 131 available apartments or condos to rent in Waterloo, IA.
- What are some neighborhoods in Waterloo, IA?Some neighborhoods in Waterloo, IA include: Liberty Park, Church Row Historic, Park Haven, Riverfront, Doe's.
- What are some zip codes in Waterloo, IA?
- What are some cities near Waterloo, IA?Some nearby cities include: Evansdale, Elk Run Heights, Raymond, Washburn, Gilbertville. These cities may have more rental options to explore.
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