Luxury Apartments for Rent in Waterloo, IA
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2-3 Beds
2 BathsLantern Square Apartments Spacious 1, 2 & 3 Bedrooms | 1141 Lantern Sq #1123-4,
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 May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $825 |
| Jul 2025 | $850 |
| Aug 2025 | $850 |
| Sep 2025 | $850 |
| Oct 2025 | $835 |
| Nov 2025 | $825 |
| Dec 2025 | $825 |
| Jan 2026 | $798 |
| Feb 2026 | $800 |
| Mar 2026 | $842 |
| Apr 2026 | $850 |
| May 2026 | $815 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $625 | $825 | $1,077 | $1,450 | $800 |
| Townhomes | $700 | $795 | $1,500 | — | $795 |
| Apartments and Condos | $625 | $800 | $900 | $1,680 | $675 |
| Houses | $575 | $850 | $1,066 | $1,450 | $930 |
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 $761 per month. This is about 61% lower than the national average.
- What is the average rent of a house in Waterloo, IA?The average rent of a house in Waterloo, IA is $917 per month. This is about 52% lower than the national average.
- What is the average rent of a townhome in Waterloo, IA?The average rent of a townhome in Waterloo, IA is $825 per month. This is about 57% 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 221 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.