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 May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
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
May 2026$1,825
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—$775$1,695$3,200$1,850
Townhomes—$1,825——$1,825
Apartments and Condos—$775$1,695—$1,300
Houses——$1,895$3,200$2,800
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 $1,695 per month. This is about 12% lower than the national average.
  • What is the average rent of a house in Waterloo, IL?
    The average rent of a house in Waterloo, IL is $2,800 per month. This is about 45% higher than the national average.
  • What is the average rent of a townhome in Waterloo, IL?
    The average rent of a townhome in Waterloo, IL is $1,825 per month. This is about 5% lower than the national average.
  • When is the average rent cheapest in Waterloo, IL?
    In the last year, the average rent in Waterloo, IL was lowest in Oct 2025 when it was $775 per month.
  • 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.
  • How many available rental listings are in Waterloo, IL?
    There are 7 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.