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Cheap Apartments for Rent in Waterloo, IA

454 Rentals
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  2. Building Photo - 1009 W 22nd St
    1 BED, 2 BATHS
    $420+
    2 BEDS, 2 BATHS
    $840+
    Total Monthly Price Total Monthly Price New
    Base Rent$420 - $840
    Required Monthly FeesNone
    Total Monthly Price$420 - $840

    1009 W 22nd St

    1009 W 22nd St, Cedar Falls, IA 50613
  3. Building Photo - Elevate Apartments
    4 BEDS
    $525
    Total Monthly Price Total Monthly Price New
    Base Rent$450
    Required Monthly Fees$75
    Total Monthly Price$525

    Elevate Apartments

    6025 Donegal Cir, Waterloo, IA 50701
    (319) 349-4157
  6. Building Photo - 440 Florence St
    1 BED, 1 BATH
    $550
    Total Monthly Price Total Monthly Price New
    Base Rent$550
    Required Monthly FeesNone
    Total Monthly Price$550

    440 Florence St

    440 Florence St, Waterloo, IA 50703
  36. Building Photo - 2303 Olive St
    1 Month Free
    1 Month Free
    1 BED, 1 BATH
    $750
    Total Monthly Price Total Monthly Price New
    Base Rent$750
    Required Monthly FeesNone
    Total Monthly Price$750

    2303 Olive St Unit 1

    2303 Olive St, Cedar Falls, IA 50613
    Apply
Showing 42 of 204 results, Page 1 of 5

Waterloo at a Glance

Average Rent

$832
(All bedrooms and property types)
Learn more about
Average Rent in Waterloo
3

School Rating

out of 10 Rating
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Schools in Waterloo

Waterloo, IA Cheap Apartments for Rent

When looking for cheap apartments in Waterloo, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Waterloo.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 204 cheap apartments available in Waterloo Apartment Finder is the place to find your next rental.

Renting in Waterloo

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Waterloo

(For 1 bedroom apartments)

Education

Private University
Public University
Public University
Private University
GreatSchools Rating
West High School

Public High School

Public
Grades 9-12
1,652 Students
GreatSchools Rating
East High School

Public High School

Public
Grades 9-12
1,002 Students
GreatSchools Rating
Hoover Middle School

Public Middle School

Public
Grades 6-8
883 Students
GreatSchools Rating
George Washington Carver Academy

Public Middle School

Public
Grades 6-8
424 Students
GreatSchools Rating
Central Middle School

Public Middle School

Public
Grades 6-8
431 Students
GreatSchools Rating
Kingsley Elementary School

Public Elementary School

Public
Grades K-5
343 Students
GreatSchools Rating
Lou Henry Elementary School

Public Elementary School

Public
Grades K-5
478 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Waterloo

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Waterloo Apartments for Rent in Your Budget

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