7

Waterloo, WI Homes for Rent

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    Starting at $1,075 Per Month

    • 2 Beds

    554-606 Knowlton St, Waterloo, WI 53594

    Waterloo remodeled 2 bedroom apartment. No pets No smoking. Owners pay water and trash, tenant pays gas and electric. Gas forced air heat, wall air conditioner. Coin laundry in basement. If Interested please call Larry (I prefer phone calls rather than emails or texts) Thank you

    Knowlton Woods Apartments

    (319) 432-0355

    554-606 Knowlton St, Waterloo, WI 53594
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    Starting at $1,195 Per Month

    • 2 Beds

    204 Anna St, Waterloo, WI 53594

    Large 2 bedroom apartment. Open concept Kitchen, snack bar, dinette and living room. Large bathroom. 2 large bedrooms with walk-in closets. Many cabinets and closets.Includes private large 1 car garage with electric door opener, entrance from inside the building. Includes air conditioning unit.Includes heat Laundry facilities on each floor.Lower units features private

    Anna Street Apartments

    (262) 333-0126

    204 Anna St, Waterloo, WI 53594
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    Starting at $895 Per Month

    • 1 Bed

    1085 Jaystone Terrace, Waterloo, WI 53594

    Hawthorne Apartments is a 55 or better Senior Living Community that is a perfect place to call home. These one and two bedroom units have ample closet space, spacious bathrooms & all appliances are included. Hawthorne s a Non-smoking & Pet free complex. We offer quiet and peaceful environment to meet your needs. Each floor has coin operated laundry & our second floor has easy access by elevator.

    Hawthorne Senior Apartments

    (262) 393-4335

    1085 Jaystone Terrace, Waterloo, WI 53594
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    $2,020 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,951 Sq Ft
    • Condo for Rent

    605 Mckay Way Unit 1, Waterloo, WI 53594

    Introducing the beautiful McKay Way apartments in Waterloo, WI, recently built in 2022. With beautiful finishes, tons of living space and high end amenities, these apartments are the ultimate living experience East of Madison. With a 20 minute commute to the east side of Madison, and easy access to other metro areas like Janesville and Milwaukee, the location is top tier. The area of Waterloo is

    (608) 530-6510

    605 Mckay Way Unit 1, Waterloo, WI 53594
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    $750 Per Month

    • 1 Bath
    • 318 Sq Ft
    • Apartment for Rent

    161 Goehl Rd, Waterloo, WI 53594

    James Lang The Lang Group

    161 Goehl Rd, Waterloo, WI 53594

Why Live in Waterloo

Waterloo, Wisconsin, is a small city surrounded by farms, fields, and forests, offering a blend of rural charm and vibrant community life. With fewer than 4,000 residents, Waterloo features a quaint downtown area with diners, shops, and Italianate row buildings. The city is known for its community events and riverside parks, such as Waterloo Firemen's Park, which boasts a historic carousel, walking paths, and Skalitzky Field, the oldest active baseball diamond in the state. The park also hosts concerts and festivals, connecting residents to the Maunesha River Dog Park via walking trails. Housing in Waterloo varies from older ranch-style homes, Victorians, Cape Cods, and small Colonial Revivals south of East Madison Street to newer architectural designs, including New Traditional homes, ramblers, and midcentury modern homes in subdivisions north of East Madison Street. Local businesses like Hartwig's Waterloo Diner and Perry's Piggly Wiggly serve the community, while larger retailers are available 18 miles west in Sun Prairie. Waterloo is home to Trek Bicycle Corporation and Van Holten's Pickles, with bike lanes on West Madison Street encouraging cycling. The city is accessible via Wisconsin highways 89 and 19, with Interstate 94 leading to Milwaukee (60 miles east) and Madison (26 miles west). Community events such as the Easter egg hunt, Fourth of July celebration, Winterfest, and the Weiner and Kraut Festival highlight Waterloo's festive spirit and cultural heritage.

Frequently Asked Questions

How much does it cost to rent a home in Waterloo, WI?
The median rent for a home in Waterloo, WI is $1,385 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Waterloo, WI?
To comfortably afford the median rent in Waterloo, WI, a household needs to earn roughly $55,400 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 $1,385 per month in Waterloo, WI, renters typically need to show $4,155 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, WI?
In Waterloo, WI, the price-to-rent ratio is 21.5, 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.
What neighborhoods in Waterloo, WI are best for renting a home?
The best neighborhood for renting in Waterloo, WI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northeastern Sun Prairie, Old Village, Northern Sun Prairie, Tenney-Lapham and Downtown Madison, each with its own character and price range.

Rental Trends in Waterloo, WI

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,385
Median Condo Rent
$1,385
How to Rent a Home