-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in Waterloo, IA

370 Rentals
.
  28. Building Photo - Le Chateau
    1 BED
    $725+
    2 BEDS
    $850+

    Le Chateau

    733-747 Russell Rd, Waterloo, IA 50701
Showing 42 of 217 results, Page 1 of 6

Waterloo at a Glance

Average Rent

$788
(All bedrooms and property types)
Learn more about
Average Rent in Waterloo
3

School Rating

out of 10 Rating
Learn more about
Schools in Waterloo
24

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Waterloo
53

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation 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 217 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)

Getting Around Waterloo

Transportation

47

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
53

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
24

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

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
1,022 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
442 Students
GreatSchools Rating
Central Middle School

Public Middle School

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

Public Elementary School

Public
Grades K-5
343 Students

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

Apartments for Rent Near Waterloo

Specialty Housing

Choose by Amenities

Waterloo Apartments for Rent in Your Budget

tooltips

I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.