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  1. Building Photo - 2409 Iowa St
    3 BEDS, 1 BATH
    $1,500

    2409 Iowa St

    2409 Iowa St, Cedar Falls, IA 50613
  2. Building Photo - 1918 Olive St
    4 BEDS, 2 BATHS
    $1,500

    1918 Olive St

    1918 Olive St, Cedar Falls, IA 50613
  3. 2 BEDS, 2 BATHS
    $1,800

    Keith Lane

    5632 Keith Ln, Waterloo, IA 50701

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Waterloo at a Glance

Average Rent

$787
(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 Townhouses for Rent

Find cheap townhomes for rent in Waterloo with Apartment Finder. Whether you're looking for a two-bedroom townhome or something more spacious with three-four beds, you want the best place at the right price. We have a great selection of budget-friendly townhomes for rent, and we'll show you which rentals offer the best value in Waterloo.

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

Affordability doesn't have to equal sacrifice. While being flexible is important, you might not have to give up as much as you think. You can find a cheap townhouse for rent, complete with must-have amenities such as paid utilities and a garage. 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 21 cheap townhomes 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
GreatSchools Rating

Public High School

Public
Grades 9-12
1,652 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,022 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
883 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
442 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
471 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
343 Students

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

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