4 BEDS
$460
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Rooms for Rent in Waterloo, IA
23 Rentals
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2 BEDS, 2 BATHS$8254025 Cedar Heights Dr Unit 8
4025 Cedar Heights Dr, Cedar Falls, IA 50613 -
Living & Renting in Waterloo
Waterloo at a Glance
Waterloo, IA Apartments for Rent
Waterloo, the "Factory City," has been home to John Deere agricultural machinery manufacturing for over 100 years, with the Cedar River running right through Iowa's eighth-largest city. Looking for apartments in Waterloo? You'll love the affordable housing market here, with average rents around $800 monthly—way below what you'd pay in other Midwestern cities. The manufacturing sector keeps pumping out solid job opportunities, while the Cedar Valley setting brings that perfect mix of natural beauty and laid-back living.
Waterloo apartments work great for budget-minded renters who want outdoor fun, entertainment, and all the conveniences close by. Check out established neighborhoods like Downtown Waterloo and Conger Park, where apartment communities sit near great green spaces like George Wyth State Park and Hartman Reserve Nature Area. The Museum District puts galleries and cultural spots within walking distance, and Lost Island Theme Park brings the summer thrills. Plus, with the University of Northern Iowa campus right next door in Cedar Falls, it's super convenient for students and university staff. Between major employers like John Deere and local healthcare facilities, jobs are plentiful—and when you want more shopping and dining variety, Cedar Rapids is just an hour away.
Why Waterloo?
- Waterloo is home to Hawkeye Community College and it is just minutes from the University of Northern Iowa in Cedar Falls.
- Hockey! Waterloo is home of the USHL Black Hawks, who play at the Young Arena.
- There are several museums and historic sites in Waterloo, including the 1862 Victorian Home and Carriage House Museum.
- Waterloo features family-friendly attractions such as Phelps Youth Pavilion, a hands-on children’s museum.
- Gorgeous parks in Waterloo include the vast Black Hawk Park which offers camping, fishing, hiking, and boat ramps.
- The Cedar Valley Paddlers Trail is a 10-mile water trail offering fishing, boating, and wildlife viewing.
Renting in Waterloo
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 250 Sq Ft $829 / mo
- 1 Bedroom 641 Sq Ft $808 / mo
- 2 Bedrooms 883 Sq Ft $926 / mo
- 3 Bedrooms 1,072 Sq Ft $1,076 / mo
- 4 Bedrooms 1,200 Sq Ft $1,102 / mo
Top Budget-Friendly Neighborhoods in Waterloo
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Downtown Waterloo 776 Sq Ft $1,284/mo
Average Rent in Nearby Cities
(For 1 bedroom apartments)- Cities Average Rent
- Waterloo $1,050/mo
- Cedar Falls $1,231/mo
Getting Around Waterloo
Education
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Apartments for Rent Near Waterloo
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Waterloo Apartments for Rent in Your Budget
- Apartments with Move-In Specials in Waterloo, IA
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Frequently asked questions about renting in Waterloo, IA
What are the average rent costs in Waterloo, IA?
The average rent in Waterloo, IA is $808.
What are the average rent costs of a studio apartment in Waterloo, IA?
The average rent for a studio apartment in Waterloo, IA is $829.
What are the average rent costs of a one bedroom apartment in Waterloo, IA?
The average rent for a 1 bedroom apartment in Waterloo, IA is $808.
What are the average rent costs of a two bedroom apartment in Waterloo, IA?
The average rent for a 2 bedroom apartment in Waterloo, IA is $926.
What are the average rent costs of a three bedroom apartment in Waterloo, IA?
The average rent for a 3 bedroom apartment in Waterloo, IA is $1,076.
What are the average rent costs of a four bedroom apartment in Waterloo, IA?
The average rent for a 4 bedroom apartment in Waterloo, IA is $1,102.
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Note: Based on community-supplied data and independent market research. Subject to change without notice.