Cheap Apartments for Rent in Waterloo, IL

5 rentals

Apartments For Rent Near Waterloo, IL

We found 30 more apartments matching your filters just outside Waterloo

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 increased in Sep 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Oct 2025$775
Nov 2025$900
Dec 2025$900
Jan 2026$1,050
Feb 2026$1,095
Mar 2026$1,300
Apr 2026$950
May 2026$1,825
Jun 2026$1,350
Jul 2026$1,100
Aug 2026$950
Sep 2026$1,695
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Average Rent By Bedroom and Home Type

In October 2026, Houses were the most affordable home type to rent compared with Townhomes and Apartments and Condos.
1 bed2 beds3 beds4 bedsAll
All home types$900$1,195$2,800—$1,195
Townhomes—$1,195——$1,195
Apartments and Condos—$1,250$2,100—$1,250
Houses$900—$2,800—$900
See more information about local market trends in Waterloo, IL

Frequently Asked Questions about Rentals in Waterloo, IL

  • What is the average rent of an apartment in Waterloo, IL?
    The average rent of an apartment in Waterloo, IL is $1,250 per month. This is about 36% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Waterloo, IL?
    Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $775 per month.
  • How many cheap apartments are available in Waterloo, IL?
    There are 3 apartments to rent that are cheaper than the city’s average rent of $1,195.
  • When is the average rent most expensive in Waterloo, IL?
    In the last year, the average rent in Waterloo, IL was highest in Jun 2025 when it was $1,700 per month.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en Waterloo, IL - 3,089 Rentas | Trulia