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Waterloo, IA Homes for Rent

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  • /56

    Starting at $850 Per Month

    • 1 - 3 Beds

    3330 E 4th St, Waterloo, IA 50703

    Waterloo's Newest Affordable Housing CommunityDiscover our brand-new affordable apartment community in Waterloo, IA, Union at North Crossing. This charming community is open. Take a closer look at everything we have to offer and start your application process now!A Social CommunityModern amenities and a convenient location set the stage for our affordable apartments in

    Union at North Crossing

    3330 E 4th St, Waterloo, IA 50703
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    Starting at $1,110 Per Month

    • Studio - 1 Bed

    335 Cedar St, Waterloo, IA 50701

    The Arts Mall is a brand new complex located in Downtown Waterloo next to the River Loop Amphitheater. With 72 units, you are sure to find a unique space to fit your needs! Each unit features slate finished appliances, vinyl flooring, and quartz counter-tops and offers a view of the Cedar River. Located in Downtown Waterloo, you will have easy access to local breweries, restaurants, the Cedar

    Art Bloc

    335 Cedar St, Waterloo, IA 50701
  • /39

    Starting at $1,045 Per Month

    • 2 - 3 Beds

    3855 Pineview Place, Waterloo, IA 50701

    Picture a private, quiet community surrounded by mature trees and landscaping, excellent oversized floor plans with washer dryer hookups, a playground, and garages with automatic openers. Welcome to Pineview Estates.

    Pineview Place Apartments

    3855 Pineview Place, Waterloo, IA 50701
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    Starting at $1,100 Per Month

    • Studio - 1 Bed

    325 E Park Ave, Waterloo, IA 50703

    1 MONTH RENT FREE WITH A 12-MONTH LEASE!!!Units are going quick, don't miss out on this deal!!!Urban lofts with charm.Units at the The Temple will occupy multiple “stories” in order to retain the feeling of openness in the renovated spaces. Much of the character of this building is defined by the original steel bridge trusses, which remain exposed within the multi-story

    Park Avenue Lofts The Temple

    325 E Park Ave, Waterloo, IA 50703
  • /32

    Starting at $695 Per Month

    • Studio - 3 Beds

    209 W 5th St, Waterloo, IA 50701

    The past and present live harmoniously together in the magnificently restored Russell Lamson Hotel. Here you can enjoy relaxing scenic river views and walk to downtown shopping, restaurants & entertainment. The new and completely renovated 8-story Russell Lamson building offers luxury living at a truly affordable price. Our community consists of 90 remodeled apartment homes, each of which has

    Russell Lamson

    209 W 5th St, Waterloo, IA 50701
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    Starting at $1,410 Per Month

    • 1 - 2 Beds

    45 W Jefferson St, Waterloo, IA 50701

    CURRENT SPECIALS- $500 deposit. We'll waive the deposit for military & first responders.- Afraid of commitment? We have flexible lease lengths!SNAPSHOT- A new complex in a prime location- Easy access to Hwy 218 and Hwy 63- Property Manager on-site- Ideal for students or professionals working in Cedar Falls, Waterloo, or surrounding areas- Walking distance to

    Grand Crossing

    45 W Jefferson St, Waterloo, IA 50701
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    Starting at $1,250 Per Month

    • 2 Beds

    924 Sycamore St, Waterloo, IA 50703

    Welcome to Riverwalk Residences, a gated community located in the heart of Waterloo, IA. Our apartments offer a secure and peaceful living environment, perfect for those seeking a comfortable and convenient lifestyle. With our secured entry system, you can rest easy knowing that your safety is our top priority. Enjoy the convenience of having a garage right at your doorstep, providing ample space

    Riverwalk Residences

    924 Sycamore St, Waterloo, IA 50703
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    Starting at $895 Per Month

    • 1 Bed

    3322 Tropic Ln, Waterloo, IA 50702

    Nestled in private yet convenient location between Kimball and Ridgeway in SW Waterloo is the home you’ve been waiting for! Edgemont Park Apartments has convenient access to highways 20, 218, & 380, plus it’s only minutes from the Crossroads shopping area and Hawkeye Community College.These centrally located apartment homes feature updated kitchens complete with stoves and refrigerators;

    Edgemont Park Apartments

    3322 Tropic Ln, Waterloo, IA 50702
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    Starting at $795 Per Month

    • Studio

    4117 University Ave, Cedar Falls, IA 50613

    Welcome to 228 Spaces, the premier furnished micro-living apartments in Cedar Falls, IA. Our recently renovated units feature key fob entry for secured access, along with on-site fitness center and laundry facilities for your convenience. Enjoy the ease of online rent payment and maintenance requests through our user-friendly portals. With public transportation and surface parking available,

    228 Spaces

    4117 University Ave, Cedar Falls, IA 50613
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    Starting at $1,900 Per Month

    • 3 Beds

    105 Harvey Dr, Waterloo, IA 50701

    **First Month Free W/New 12 month Lease** Offer expires on 08/01/2026! Welcome to Summerland Twinhomes in Waterloo, IA! These townhouses offer convenient living with amenities such as a parking lot for residents, an online maintenance portal for easy service requests, and online rent payment for hassle-free transactions. Enjoy the spacious lawn surrounding the property, perfect for outdoor

    Summerland

    105 Harvey Dr, Waterloo, IA 50701
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    $1,400

    Total Monthly Price

    • 2 Beds
    • 2.5 Baths
    • 1,800 Sq Ft
    • Townhouse for Rent

    4220 Kris Line Dr, Waterloo, IA 50701

    Spacious 2 Bedroom Condo for Rent – Private South Waterloo Location?? 2 Bed | 2.5 Bath | 1,800 Sq Ft | 2-Car GarageRare opportunity to rent a spacious condo in one of South Waterloo’s most desirable and private wooded neighborhoods. Enjoy peaceful surroundings with beautiful green space, walking trails, bike paths, and even putting greens right outside your door—all while being

    4220 Kris Line Dr, Waterloo, IA 50701
  • /13

    Starting at $745 Per Month

    • 1 Bed

    1105-1110 Kent Cir, Waterloo, IA 50701

    Bright, comfortable, and ready for you. Discover your new home at Kent Circle, perfectly located in a quiet Southwest Waterloo neighborhood. Our one and two-bedroom apartments combine modern updates with all the essentials you need for easy, worry-free living.What You’ll Love:- Spacious, light-filled layouts with updated flooring and fixtures- Fully equipped kitchen with modern

    Kent Circle

    1105-1110 Kent Cir, Waterloo, IA 50701
  • /20

    Starting at $920 Per Month

    • 2 Beds

    1008-1024 Leavitt St, Waterloo, IA 50702

    Welcome to Leavitt Park Apartments, located in the vibrant city of Waterloo, IA. Our community offers a range of amenities designed to enhance your living experience. With our convenient online rent payment and maintenance portal, managing your apartment has never been easier. Rest assured knowing that our secured entry system provides a safe and secure environment for you and your furry friends,

    Leavitt Park Apartments - Waterloo, IA

    1008-1024 Leavitt St, Waterloo, IA 50702
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    Starting at $995 Per Month

    • 2 Beds

    100 Tunis Cir, Waterloo, IA 50701

    Brand new community in Waterloo. We are located right off of Greenhill Road at the old Tunis Raceway location. Each of our units has a private limited access entry. The interiors include tile kitchen and baths, lots of storage and beautiful brand new carpet. All brand new appliances are provided including a brand new washer and dryer in each apartment home. Call today for details! We are

    Kinsale Condominiums

    100 Tunis Cir, Waterloo, IA 50701
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    Starting at $1,175 Per Month

    • 1 - 2 Beds

    150 Rapids Square, Waterloo, IA 50702

    Welcome to Prairie Rapids in Waterloo-where style meets convenience. Enjoy spacious open-concept living with modern finishes throughout, designed for both comfort and function. Relax on your private screened-in balcony and take in the surroundings year-round. With a prime location close to shopping, dining, and major roadways, Prairie Rapids offers the perfect blend of modern living and everyday

    Prairie Rapids

    150 Rapids Square, Waterloo, IA 50702
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    Starting at $525

    Total Monthly Price

    • 4 Beds

    6025 Donegal Cir, Waterloo, IA 50701

    Welcome to Waterloo's only apartment community designed exclusively for Hawkeye Community College students. Located just steps south of campus, we offer the perfect balance of independence and connection. Now proudly managed by Rent Cedar Valley, we provide a living experience focused on resident satisfaction and reliable management.THE APARTMENTS We offer spacious 3-bedroom and 4-bedroom

    Elevate Apartments

    6025 Donegal Cir, Waterloo, IA 50701
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    Starting at $1,150 Per Month

    • 2 Beds

    3714 Ravenwood Cir, Waterloo, IA 50702

    Now leasing beautiful 2 bed, 2 bath Condo.Quiet neighborhood near Menards on Waterloo's south side.2 Bedroom, 2 Bath, private parking lot with garages available.Large covered decks or patios.Security building.

    3714 Ravenwood Cir, Waterloo, IA 50702
  • /9

    Starting at $775 Per Month

    • 1 Bed

    3421-3421 Kingswood Place, Waterloo, IA 50701

    Welcome to Kingswood Place — Peaceful Living in SW Waterloo!Tucked away at the quiet end of a cul-de-sac in southwest Waterloo, Kingswood Place Apartments are conveniently located near Sunnyside Golf Course and United Medical Park — offering a serene retreat while keeping you close to everything the Cedar Valley has to offer.These 1-bedroom, 1-bathroom apartments offer 737 sq. ft. of

    Kingswood Place

    3421-3421 Kingswood Place, Waterloo, IA 50701
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    Starting at $625 Per Month

    • 1 - 2 Beds

    765-791 Russell Rd, Waterloo, IA 50701

    Welcome to Meadow Ridge Apartments at 765–791 Russell Rd in Waterloo, IA!Discover a warm and welcoming community offering 1-, 2-, and 3-bedroom apartments, each designed with an open-concept layout and a spacious living room—perfect for entertaining or unwinding after a long day. Residents also enjoy the convenience of on-site laundry facilities located in the basement. The property is

    Meadow Ridge Apartments

    765-791 Russell Rd, Waterloo, IA 50701
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    Starting at $795 Per Month

    • 2 Beds

    733-747 Russell Rd, Waterloo, IA 50701

    Le Chateau

    733-747 Russell Rd, Waterloo, IA 50701
  • /13

    Starting at $900 Per Month

    • 2 Beds

    3805-3807 W 4th St, Waterloo, IA 50701

    Welcome to 4th Street Manor — Your New Home in SW Waterloo!Nestled in a quiet corner of southwest Waterloo, 4th Street Manor is a charming 15-unit apartment community that offers the perfect blend of comfort and convenience. With 800 sq. ft. of well-designed living space, our 2-bedroom, 1-bathroom apartments feature newer appliances and updated flooring — move-in ready and waiting for

    4th Street Manor

    3805-3807 W 4th St, Waterloo, IA 50701
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    $1,100

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,400 Sq Ft
    • House for Rent

    1821 E Ridgeway Ave, Waterloo, IA 50702

    This property at 1821 E Ridgeway Ave features 2 bedrooms and 1 bathroom within a total living space of 1,400 square feet. The living room offers ample space for relaxation and is designed for comfortable living. The bathroom includes essential fixtures and provides functional space. Each bedroom is adequately sized, allowing for various furniture arrangements. The property is smoke-free,

    1821 E Ridgeway Ave, Waterloo, IA 50702
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    $1,350

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 1,064 Sq Ft
    • House for Rent

    1909 Robin Rd, Waterloo, IA 50701

    Comfortable, 2-bed, 1.5-bath, smoke-free, mid-century home with a nursery / small office and enclosed rear porch, and a park-like, half acre, fenced yard in a quiet neighborhood makes this an ideal place to live, work, and play. Great starter home for a person or young couple, or a retirement home for the elderly. Located minutes from John Deere, UNI, shopping, and the expressway. Enjoy gas heat,

    1909 Robin Rd, Waterloo, IA 50701
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    $2,195

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,636 Sq Ft
    • House for Rent

    1429 Columbus Dr, Waterloo, IA 50702

    This fantastic home, nestled on a quiet cul de sac, boasts a 0.72 acre lot that makes you feel like you're in the country! Step inside the front door, and you'll love the updates you find. A beautiful kitchen is the focal point of the open concept main level. The backsplash, stainless appliances, and under cabinet lighting make this kitchen shine, while the center island provides a perfect spot

    1429 Columbus Dr, Waterloo, IA 50702
  • /9

    $1,400

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,350 Sq Ft
    • Townhouse for Rent

    3720 Ravenwood Cir, Waterloo, IA 50702

    Units range from $1,400 to $1,600 / mo. Newer 3 bed, 2 1/2 bath Townhome with 2 stall garage. Quiet neighborhood with large back yard on Waterloo's south side. Close to shopping and entertainment.

    3720 Ravenwood Cir, Waterloo, IA 50702
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    $995 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    1153-1153 Oleson Rd Unit 1153, Waterloo, IA 50702

    1153-1153 Oleson Rd Unit 1153, Waterloo, IA 50702
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    $795 Per Month

    • 2 Beds
    • 1 Bath
    • 652 Sq Ft
    • 2 bedroom, 1 bath house

    2001 City View St, Waterloo, IA 50707

    2 bedroom, 1 bath house available at 2001 City View in Waterloo. Updated countertop and flooring in kitchen as well as updated bathroom. Washer/dryer hookups available along with off street parking. Tenant is responsible for all utilities as well as lawn care/snow removal. No pets - Section 8 considered with application. $795 deposit/$795 rent. Please complete a no fee application online at or

    2001 City View St, Waterloo, IA 50707
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    $895 Per Month

    • 2 Beds
    • 1 Bath
    • 891 Sq Ft
    • Condo for Rent

    727-727 W 11th St Unit 727, Waterloo, IA 50702

    727-727 W 11th St Unit 727, Waterloo, IA 50702
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    $1,500 Per Month

    • 5 Beds
    • 1.5 Baths
    • House for Rent

    402 Denver St, Waterloo, IA 50702

    Huge 5 BR home, on large fenced in corner lot. Detached garage. Main floor has 1 BR, half bath, dining room, living room, and kitchen, 4 bedrooms and full bathroom with tub and shower on second floor. Upper level and main level porches. Full unfinished basement. Outside needs paint, but inside is lovely.

    402 Denver St, Waterloo, IA 50702
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    $1,000 Per Month

    • 3 Beds
    • 1 Bath
    • House for Rent

    720 W 9th St, Waterloo, IA 50702

    3 BR Home, off street parking. Large home--main floor has living room, dining room, kitchen, and another eat-in kitchen area---basement has lots of storage and hookups. Upstairs has 3 bedrooms and full bathroom. Resident responsible for all utilities and all yard and snow maintenance.

    720 W 9th St, Waterloo, IA 50702
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    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • 775 Sq Ft
    • 2 bedroom 1 bath home

    1425 E Ridgeway Ave, Waterloo, IA 50702

    Introducing our 2 bedroom, 1 bath home located in the desirable Waterloo, IA. The deck provides the perfect spot for outdoor relaxation and entertainment, while the fenced-in yard ensures privacy and security. With a double garage, parking will never be a concern. The interior boasts two spacious bedrooms, offering ample room for rest and relaxation. The bathroom is conveniently located,

    1425 E Ridgeway Ave, Waterloo, IA 50702
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    $525 Per Month

    • 1 Bed
    • 1 Bath
    • 668 Sq Ft
    • 102 1/2 South Street

    102 1/2 South St, Waterloo, IA 50702

    Office Phone #: Email: Website: Description: This upper level 1 bedroom apartment is now available. Stove and refrigerator are provided. Section 8 applicable. Schools: Irving Elementary, Central Middle School, West High SchoolUtilities Included: LawnAverage Utility Bill: $50/monthMove-In Costs: Deposit $525, Rent $525Lawn/Snow: Landlord takes care of

    102 1/2 South St, Waterloo, IA 50702
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    $600 Per Month

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    715 South St Unit 715 South Bottom, Waterloo, IA 50701

    715 South St Unit 715 South Bottom, Waterloo, IA 50701
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    $950 Per Month

    • 3 Beds
    • 1 Bath
    • 900 Sq Ft
    • House for Rent

    517 Nicholas St, Waterloo, IA 50707

    Recently Updated 3 Bedroom, 1 Bathroom House for Rent located at 517 Nicholas. Located in Cityview near Tyson and John Deere. Updated kitchen and floors throughout! Stove and fridge included. W/D hookups. Tenant responsible for all utilities as well as snow removal and lawn care. Pets and Section 8 considered with application. 1 year lease and deposit required.Rent: $950Deposit:

    517 Nicholas St, Waterloo, IA 50707
  • /8

    $875 Per Month

    • 3 Beds
    • 1 Bath
    • 800 Sq Ft
    • 3 Bedroom Duplex Apartment in Waterloo, IA

    416 E 8th St, Waterloo, IA 50703

    This 3 bedroom, 1 bathroom duplex apartment near downtown Waterloo is available now! The apartment has just been updated, including new paint throughout, new lighting, refinished hardwood floors, and other nice updates. The beautiful original woodwork gives the home lots of character.The unit is very spacious and features 3 levels with the 3 bedrooms and bathroom upstairs, the kitchen,

    416 E 8th St, Waterloo, IA 50703
  • /22

    $1,550 Per Month

    • 5 Beds
    • 1.5 Baths
    • 1,650 Sq Ft
    • House for Rent

    137 Hope Ave, Waterloo, IA 50703

    $$ 1/2 OFF FIRST MONTH RENT MOVE IN PROMO!!$$Welcome to this charming 5-bedroom home located in the heart of Waterloo, IA. This property boasts 1.5 bathrooms, newer flooring, and comes complete with appliances, making your move-in process a breeze. The home is conveniently situated near a hospital, providing easy access to healthcare facilities for those that work there or need easy

    137 Hope Ave, Waterloo, IA 50703
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    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    409 Norwood Ave, Waterloo, IA 50703

    Large and cute 2 bedroom home. Main floor has you enter into large sun porch. You enter home through french doors into the living room, which then goes to the dining room, kitchen, and deck access off of kitchen. Upstairs is two bedrooms and bathroom with clawfoot tub. Basement has washer/dryer and stall shower and plenty of space for storage. Large fenced yard, great deck, small shed, and fire

    409 Norwood Ave, Waterloo, IA 50703
  • /22

    $825 Per Month

    • 2 Beds
    • 2 Baths
    • 653 Sq Ft
    • House for Rent

    301 Rath St, Waterloo, IA 50703

    This cozy one bedroom home is now available!Utilities: Tenant is responsible for all utilities. Average Utility Bill: $100Move-In Costs: $825 Deposit, $825 RentLawn/Snow: Tenant responsibilityWasher/Dryer: N/AAC: CentralPets/Animals: Pets allowed on a case-by-case basis, $50/monthSection 8: Not ApplicableOffice Phone #: Email: Website: All EPM

    301 Rath St, Waterloo, IA 50703
  • /6

    $600 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    302 Clay St Unit 302 Clay St, Waterloo, IA 50703

    302 Clay St Unit 302 Clay St, Waterloo, IA 50703
  • /19

    $775 Per Month

    • 2 Beds
    • 1 Bath
    • 640 Sq Ft
    • House for Rent

    307 Riehl St, Waterloo, IA 50703

    This charming and cozy 2-bedroom home is now available!Utilities: Tenant is responsible for all utilities. Average Utility Bill: $150Move-In Costs: $775 Deposit, $775 RentLawn/Snow: Tenant responsibilityWasher/Dryer: N/AAC: CentralPets/Animals: Pets allowed on a case-by-case basis, $50/monthSection 8: Not ApplicableOffice Phone #: Email: Website:

    307 Riehl St, Waterloo, IA 50703

Showing Results 1 - 40, Page 1 of 4

Why Live in Waterloo

Waterloo combines family entertainment and outdoor recreation with the Lost Island Waterpark and adjacent Theme Park providing summer thrills. The Cedar Valley Arboretum & Botanic Gardens creates peaceful spaces for nature walks, while the Cedar Valley Nature Trail system extends through the city for hiking and biking. Cultural attractions include the Grout Museum District, Sullivan Brothers Iowa Veterans Museum, and the Waterloo Center for the Arts. The dining scene features local institutions like The Brown Bottle, housed in the historic Russell Lamson Building since 1972, alongside casual spots such as SingleSpeed Brewing and El Patron Family Mexican Restaurant.

The housing market presents diverse options across price points. The median sale price for homes in Waterloo is $164,000. Single family homes comprise most available properties, with median prices varying by neighborhood from $60,500 in Cityview to $140,600 in Maywood. The median townhome price sits at $97,400, while one bedroom condos have a median price of $83,900 and two bedroom condos $159,400.

The cost of living in Waterloo stands 13.1% below the national average. A family with school age children needs approximately $92,000 annually to live comfortably, while renters require about $44,000. Property taxes in Black Hawk County run 1.53%, with a 6.94% combined sales tax rate. Monthly housing costs average $1,900 for families and $1,300 for renters. Groceries cost about 4% less than the national average.

Waterloo Christian School serves multiple neighborhoods with AMinus ratings for its elementary through high school programs. Major employers include John Deere's manufacturing facility, UnityPoint Health, and Tyson Fresh Meats. The Metropolitan Transit Authority connects Waterloo to Cedar Falls, while the regional airport provides commercial flights. Downtown features historic architecture, shops, and the RiverLoop Amphitheatre along the Cedar River.

Frequently Asked Questions

How much does it cost to rent a home in Waterloo, IA?
The median rent for a home in Waterloo, IA is $850 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Waterloo, IA?
To comfortably afford the median rent in Waterloo, IA, a household needs to earn roughly $34,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $850 per month in Waterloo, IA, renters typically need to show $2,550 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waterloo, IA?
In Waterloo, IA, the price-to-rent ratio is 13.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Waterloo, IA are best for renting a home?
The best neighborhood for renting in Waterloo, IA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Church Row, Does, Franklin Gateway, Cedar River and Liberty Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
132
Median Rent
$850
Median Single Family Home Rent
$950
Median Townhouse Rent
$825
Median Condo Rent
$750
How to Rent a Home