Cheap Apartments for Rent in Waterloo, IA
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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 decreased in Oct 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $825 |
| Dec 2025 | $825 |
| Jan 2026 | $798 |
| Feb 2026 | $800 |
| Mar 2026 | $840 |
| Apr 2026 | $850 |
| May 2026 | $815 |
| Jun 2026 | $825 |
| Jul 2026 | $825 |
| Aug 2026 | $850 |
| Sep 2026 | $850 |
| Oct 2026 | $825 |
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 | — | $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 Rentals 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.
- What are the cheapest months to find an apartment to rent in Waterloo, IA?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $802 per month.
- How many cheap apartments are available in Waterloo, IA?There are 106 apartments to rent that are cheaper than the city’s average rent of $825.
- When is the average rent most expensive in Waterloo, IA?In the last year, the average rent in Waterloo, IA was highest in Apr 2025 when it was $865 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 $650 per month. That is about $50 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Waterloo, IA - 264 Rentas | Trulia