Cheap Apartments for Rent in Downtown Waterloo
-
1 BED, 1 BATH$495 -
Total Monthly Price Total Monthly Price New1 BED, 1 BATH$550Base Rent$550Required Monthly FeesNoneTotal Monthly Price$550440 Florence St
440 Florence St, Waterloo, IA 50703 -
2 BEDS, 1 BATH$7501515 1/2 Franklin St Unit 1515 1/2 Franklin St
1515 1/2 Franklin St, Waterloo, IA 50703 -
1 BED, 1 BATH$875606 Sycamore St
606 Sycamore St, Waterloo, IA 50703 -
3 BEDS, 1 BATH$950
214 Edwards St
214 Edwards St, Waterloo, IA 50703 -
3 BEDS, 1 BATH$1,000
213 Cottage St
213 Cottage St, Waterloo, IA 50703 -
1 Month Free
-
1 Month FreeSTUDIO$1,110+1 BED$1,410+2 BEDS$2,510+
Art Bloc
335 Cedar St, Waterloo, IA 50701 -
4 BEDS, 1.5 BATHS$1,150119 Mohawk St
119 Mohawk St, Waterloo, IA 50703 -
3 BEDS, 2 BATHS$1,200116 Chestnut St
116 Chestnut St, Waterloo, IA 50703 -
1 Month Free
-
2 BEDS, 1.5 BATHS$1,250223 W 4th St
223 W 4th St, Waterloo, IA 50701 -
Good Value
-
6 BEDS, 2.5 BATHS$1,500109 Leland Ave
109 Leland Ave, Waterloo, IA 50701
Can't find what you are looking for?
Clear All FiltersWaterloo at a Glance
Cheap Apartments in Downtown Waterloo Neighborhood in Waterloo, IA
When looking for cheap apartments in Downtown 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 Downtown 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 14 cheap apartments available in Downtown Waterloo, Apartment Finder is the place to find your next rental.
Top Budget-Friendly Neighborhoods in Waterloo
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Downtown Waterloo 742 Sq Ft $1,189/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Select Bedrooms
Specialty Housing
Choose by Amenities
Submitting Request
Thank You
About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.