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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

    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

    204 Anna St, Waterloo, WI 53594
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    Starting at $995 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 Apartments

    1085 Jaystone Terrace, Waterloo, WI 53594
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    $2,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • Townhouse for Rent

    745 Gene Dr, Waterloo, WI 53594

    Introducing the beautiful newly built units on McKay Way apartments in Waterloo, WI. 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 a

    745 Gene Dr, 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

    605 Mckay Way Unit 1, Waterloo, WI 53594
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    $2,020 Per Month

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

    619 Mckay Way Unit 3, 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

    619 Mckay Way Unit 3, Waterloo, WI 53594
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    $1,295

    Total Monthly Price

    • 2 Beds
    • 1.5 Baths
    • 492 Sq Ft
    • Condo for Rent

    164 S Washington St Unit 4, Waterloo, WI 53594

    Property features a large, open layout, spacious living space/bedroom area, with appliances included. Central heating, smoke free, cable ready, large closets. Washer and dryer are conveniently located in the basement. PETS ALLOWED. Parking spot included, additional spots/garage access available upon request! NO SMOKING ALLOWED!Great location: located within walking distance to downtown

    164 S Washington St Unit 4, Waterloo, WI 53594
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    $1,600 Per Month

    • 1 Bed
    • 2 Baths
    • 640 Sq Ft
    • Apartment for Rent

    161 Goehl Rd, Waterloo, WI 53594

    James Lang The Lang Group

    161 Goehl Rd, Waterloo, WI 53594
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    $750 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    173 N Monroe St Unit 3, Waterloo, WI 53594

    1B/1B plus bonus room in a quiet, 3-unit building. Sunny second story unit with bonus room for an office or crafting space! Great location within Waterloo's historic downtown district. Laundry hook-ups in the basement. Cats and dogs welcome!All Superior Property Group residents are enrolled in the Resident Benefits Package (RBP) for $35.95/month which includes liability insurance, credit

    173 N Monroe St Unit 3, 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 $1,600 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 are currently more expensive.
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 $64,000 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 $1,600 per month in Waterloo, WI, renters typically need to show $4,800 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 18.6, 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 Old Village, Central Sun Prairie, South Central Sun Prairie and Westside, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$1,600
Median Townhouse Rent
$2,100
Median Condo Rent
$1,448
How to Rent a Home