Waterloo, IA Townhomes for Rent

/9
$1,500

Total Monthly Price
- 3 Beds
- 2.5 Baths
- 1,350 Sq Ft
- Townhouse for Rent
3720 Ravenwood Cir, Waterloo, IA 50702

Units range from $1,500 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
Explore Waterloo
/9
$700 Per Month
- 1 Bed
- 1 Bath
- 600 Sq Ft
- Townhouse for Rent
128 Lafayette St, Waterloo, IA 50703

?????? $500 MOVE-IN SPECIAL! ??????1 Bedroom, 1 BathFreshly updated and move-in ready! This spacious first-floor one-bedroom apartment features fresh paint throughout and new flooring in the kitchen, giving the home a clean, modern feel.The apartment offers a large living room with plenty of natural light, a spacious eat-in kitchen with ample cabinet space, a comfortable

128 Lafayette St, Waterloo, IA 50703
/5
$1,800 Per Month
- 2 Beds
- 2 Baths
- 1,250 Sq Ft
- Modern Elegance Beckons at Summerland Park: Discover New 2 Bed, 2 Bath Luxury Living in Waterloo,...
2901 Cohen Ln, Waterloo, IA 50701

Experience the epitome of modern elegance at Summerland Park in Waterloo, IA. These brand new 2 bedroom, 2 bathroom duplex homes offer luxury living at its finest. Enjoy the convenience of a 2 stall attached garage, stainless steel appliances, a yard, and deck. Take advantage of the discounted FIT gym membership available to residents, as well as the pet-friendly policy. With online rent payment

2901 Cohen Ln, Waterloo, IA 50701
/7
$750 Per Month
- 2 Beds
- 1 Bath
- 864 Sq Ft
- **RENT RECENTLY REDUCED!! ** Spacious 2 bedroom Townhouse for rent!!
1254 W Mullan Ave, Waterloo, IA 50701

**RENT RECENTLY REDUCED!! ** Welcome to this spacious 2-bedroom townhouse located in the heart of Waterloo with easy access to University Ave, Downtown Waterloo and Highway 63. This property boasts a large living room, perfect for entertaining or simply relaxing after a long day. The townhouse features two well-sized bedrooms and a full bathroom, offering ample space for your comfort and

1254 W Mullan Ave, Waterloo, IA 50701
/19
$2,000 Per Month
- 2 Beds
- 2 Baths
- 1,200 Sq Ft
- Townhouse for Rent
5482 Summerland Dr, Waterloo, IA 50701

Welcome to 5482 Summerland Dr, a modern and stylish duplex located in Waterloo, IA. This spacious home features 2 bedrooms and 2 bathrooms, providing ample space for comfortable living. With a 2 stall attached garage, you'll have convenient and secure parking for your vehicles. Enjoy the ease of online rent payment and maintenance requests through our user-friendly portals. We offer flexible

5482 Summerland Dr, Waterloo, IA 50701
/7
$800 Per Month
- 2 Beds
- 1 Bath
- 864 Sq Ft
- **RENT RECENTLY REDUCED!! ** 2 bedroom townhome with walk out basement for rent in Waterloo!
1272 W Mullan Ave, Waterloo, IA 50701

**RENT RECENTLY REDUCED!! ** Welcome to this 2 Bedroom, 1 Bathroom Townhouse for rent, located in Waterloo, IA. The convenient location features easy access to University Ave, Downtown Waterloo and Highway 63. This townhouse offers a spacious living area, perfect for relaxation and entertainment. The property features two well-sized bedrooms and a full bathroom, providing ample space for your

1272 W Mullan Ave, Waterloo, IA 50701

Iowa Black Hawk County

Frequently Asked Questions

How much does it cost to rent a townhouse in Waterloo, IA?

The median rent for a townhouse in Waterloo, IA is $888 per month, though prices vary by neighborhood, size, and property type. As of August 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 $37,000 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 $925 per month in Waterloo, IA, renters typically need to show $2,775 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 12.5, 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.

Townhouse Rental Trends in Waterloo, IA

There are currently 6 townhouses available for rent in Waterloo, IA. The median rent is $888 per month, with 2-bedroom townhouses renting at $800, 3-bedroom townhouses at $1,000 and 4-bedroom townhouses at $1,250.

Rental Home Trends

Number of Townhouses for Rent 6	Median Townhouse Rent $888
Median 2 Bedroom Townhouse Rent $800	Median 3 Bedroom Townhouse Rent $1,000
Median 4 Bedroom Townhouse Rent $1,250

How to Rent a Home

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