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Waterloo, IA Townhomes for Rent

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    $1,500

    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
  • /47

    $1,280

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Townhouse for Rent

    1106 Oleson Rd, Waterloo, IA 50702

    3 bedrooms1 1/2 BathsWasher and dryer in unitSingle detached garageFull unfinished basement. No pets.

    1106 Oleson Rd, Waterloo, IA 50702
  • /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

    $775 Per Month

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft
    • Spacious 2 bedroom Townhouse for rent!!

    1254 W Mullan Ave, Waterloo, IA 50701

    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 convenience. For your peace of mind,

    1254 W Mullan Ave, Waterloo, IA 50701
  • /5

    $850 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    3271 Ansborough Ave, Waterloo, IA 50701

    Enjoy these really nice clean two-bedroom apartments located on Ansborough in Waterloo! Laundry in building and a garage available with an extra monthly fee! Pets are considered on a per basis. Tenant pays utilities!

    3271 Ansborough Ave, Waterloo, IA 50701
  • /7

    $825 Per Month

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft
    • 2 bedroom townhome with walk out basement for rent in Waterloo!

    1272 W Mullan Ave, Waterloo, IA 50701

    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 needs. The basement features a

    1272 W Mullan Ave, Waterloo, IA 50701
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    $800 Per Month

    • 2 Beds
    • 1 Bath
    • Townhouse for Rent

    719 W 5th St, Waterloo, IA 50702

    This is a 2 BR townhome (far left in the picture); 2 story with full unfinished basement. Plenty of off-street parking in the back. Your back entrance has a secure mud room/back porch. Rooms are spacious. Main floor has kitchen, dining room, and living room. Upstairs has both bedrooms, and a large bathroom with tub and shower. Resident responsible for utilities. Owner takes care of snow removal

    719 W 5th St, Waterloo, IA 50702
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    $700 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Townhouse for Rent

    128 Lafayette St, Waterloo, IA 50703

    NOTE: Pictures are temporary showing work in progress as we are upgrading the property. The Kitchen has also been painted gray and is in much better condition.Welcome to this charming 4plex unit located at 128 Lafayette Street in Waterloo, IA. Unit #3 offers a cozy living space with 600.0 sqft of living area, 2nd Floor unit, featuring 1 bedroom and 1 bathroom. This historic building, built

    128 Lafayette St, Waterloo, IA 50703

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 $825 per month, though prices vary by neighborhood, size, and property type. As of June 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 $35,000 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 $875 per month in Waterloo, IA, renters typically need to show $2,625 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 13.2, 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

Rental Home Trends

Number of Townhouses for Rent
8
Median Townhouse Rent
$825
Median 2 Bedroom Townhouse Rent
$800
Median 3 Bedroom Townhouse Rent
$750
Median 4 Bedroom Townhouse Rent
$1,250
How to Rent a Home