Luxury Apartments for Rent in Waterloo, IA
199 rentals
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PET FRIENDLY$1,600 - $1,650/mo
2-3 Beds
3 BathsBrand New Condo 3bd 2.5 ba for RENT!! | 2539 W 3rd St,
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$895 - $1,200/mo2-3 Beds1-2 BathsLantern Square Apartments Spacious 1, 2 & 3 Bedrooms | 1141 Lantern Sq,
Waterloo, IA 50701
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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.
- When is the average rent cheapest in Waterloo, IA?In the last year, the average rent in Waterloo, IA was lowest in Feb 2025 when it was $802 per month.
- 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.
- How many available rental listings are in Waterloo, IA?There are 216 available rental listings 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.
View this page in Spanish: Apartamentos de lujo en renta en Waterloo, IA - 268 Rentas | Trulia