Apartments For Rent in Waterloo, IL

7 rentals

Apartments For Rent Near Waterloo, IL

We found 10 more apartments matching your filters just outside Waterloo

What Locals Say about Waterloo

  • Juanita T.
    "It is a nice quiet neighborhood. People like to take walks and go to the parks and lakes. The dog parks are awesome for our four-legged friends."
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  • Samantha L. .
    "Long but definitely better then the city traffic. I would always prefer the commute any day except during the winter "
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  • Shelly_graves
    "Plenty of space in homes and yards, and a great place to walk. Parks nearby. Open fields. Quiet. Low traffic. "
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  • Stacy S.
    "Safe for children great schools but limited after school activities unless you do Sports. Community school very big in agriculture education "
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  • Claytonbour
    "Top quality schools, super low crime rate. Great area to raise a family. Can’t ask for a better place in Illinois or STL metropolitan area. "
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  • Jennifer C. G.
    "We have parades and gatherings in the town square for holidays. The town lights up the street poles with Christmas Light Ornaments in December, it’s beautiful."
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  • Jennifer C. G.
    "I have lived here for over 10 years the people are friendly, it has a wonderful sense of community and is a great place to bring up a family."
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  • Suzanne S. R.
    "They would like that there are sidewalks all over the neighborhood . The streets are wide and people look out for each other "
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  • Suzanne S. R.
    "There is true sense of community in Waterloo. Many people will come back here to raise their families. Lots of parks and events for the whole family. The downtown area is revitalizing it’s self . So much to do . Great place to live "
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  • Christina F
    "Plenty of space, dogs can poop anywhere and you don’t have to pick it up outside of city limits. Roads and sidewalks are well maintained there is a great dog park near town and lots of people enjoy the community events"
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  • edkane6431
    "It is a very quite and private close to a lovey park with lakes."
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Average Rent Trends in Waterloo, IL

Rent in Waterloo, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Apr 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
May 2025$900
Jun 2025$1,700
Jul 2025$900
Aug 2025$895
Sep 2025$1,250
Oct 2025$775
Nov 2025$900
Dec 2025$900
Jan 2026$1,050
Feb 2026$1,095
Mar 2026$1,300
Apr 2026$950
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$1,000$775$1,895$3,250$1,100
Townhomes—$1,825——$1,825
Apartments and Condos$1,050$775$1,300—$1,000
Houses$950—$1,895$3,250$1,895
See more information about local market trends in Waterloo, IL

Frequently Asked Questions about Rentals in Waterloo, IL

  • What is the average rent in Waterloo, IL?
    The average rent in Waterloo, IL is $1,100. Rent prices range from $775 to as much as $3,200, depending on the type of rental.
  • How does the rent in Waterloo, IL compare to the national average?
    Average rent in Waterloo, IL is about 42% lower than the national average rent of $1,910. That means it is less expensive to rent in Waterloo compared to the U.S. average.
  • What is the average rent in Waterloo, IL, by number of bedrooms?
    The average rent in Waterloo, IL is $ for a studio, $1,050 for a 1 bedroom, $775 for a 2 bedroom, $1,695 for a 3 bedroom, and $3,200 for a 4 bedroom.
  • How have rent prices in Waterloo, IL changed compared to last year?
    In the past year, the average rent price in Waterloo, IL has increased by $200. That means the average rent is 18% higher than last year.
  • How many available rental listings are in Waterloo, IL?
    There are 9 available rental listings in Waterloo, IL.
  • What are some neighborhoods in Waterloo, IL?
    Some neighborhoods in Waterloo, IL include: Floraville, Paderborn.
  • What are some zip codes in Waterloo, IL?
    Waterloo, IL includes zip codes such as: 62298, 62248.
  • What are some cities near Waterloo, IL?
    Some nearby cities include: Maeystown, Hecker, Valmeyer, Columbia, Smithton. These cities may have more rental options to explore.