$1,250
Total Monthly Price
- 3 Beds
- 1 Bath
- 1,300 Sq Ft
- Townhouse for Rent
2010 Upton Ave, Waterloo, IA 50701
Newly renovated duplex with a connected garage and in unit laundry
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 $700 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos 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 13.5, 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.
