Apartments & Condos for Rent in Waterloo, IA

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What to Know About

Life in Waterloo & Beyond

Waterloo shares many of the great qualities that make Iowa a desirable place to live.

Iowa is known as the "Hawkeye State" and America's heartland. This beautiful state is famous for its rolling hills, fertile farmland, and vibrant cities. Immerse yourself in Iowa's rich history by visiting the Herbert Hoover Presidential Library and Museum, Amana Colonies, or developing your skills at the University of Iowa and Iowa State University. Iowa also has a vibrant cultural scene, with dozens of professional theaters, art galleries, and museums spread throughout the state.

Iowa is a haven for outdoor enthusiasts, offering a variety of activities such as hiking the scenic Loess Hills, camping and fishing in its state parks and lakes, and winter sports like skiing and snowboarding. Explore famous attractions like the State Capitol Building, the Des Moines Art Center, and the historic town of Cedar Rapids. With its friendly communities, affordable living, and thriving economy, Iowa offers a high quality of life and a strong sense of community, making it an ideal place for those looking for a fulfilling lifestyle.

Discover why Iowa is a place that is sure to steal your heart and capture your imagination. Experience the best of what the Midwest offers, and you'll see why it's such a great place to live.

Rental Market Trends

Waterloo, IA

As of April 2025, Waterloo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterloo's average rent is 3.6% ($39) lower than the Iowa average of $1,098 and 41.1% ($740) lower than the U.S. average of $1,799.

Average Rent
$1,059
Monthly ChangeMonth Over Month Change
Increased0.4% ($4)
Yearly ChangeYear Over Year Change
Increased14.2% ($132)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,043 Increased40.4% ($300) Increased45.1% ($324)
2 Beds $1,281 Increased45.6% ($401) Increased50.7% ($431)
3 Beds $1,546 Increased43.7% ($470) Increased51.3% ($524)
Nearby Cities Average Rent Avg. Rent vs. WaterlooAverage Rent vs. Waterloo Avg. Days on MarketAverage Days on Market
Evansdale $818 Decreased22.8% ($241) 33 days
Cedar Falls $1,192 Increased12.6% ($133) 38 days
Hudson $855 Decreased19.3% ($204) 35 days
Reinbeck $1,131 Increased6.8% ($72) 34 days
Oelwein $679 Decreased35.9% ($380) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waterloo Rental Market FAQs

Explore rental prices, market trends, and availability in Waterloo, IA.

The average rent in Waterloo, IA is $1,059 per month.
Apartments in Waterloo typically rent for between $730 and $2,010 per month, with an average of $1,059 per month.
In Waterloo, the average rent for a 1-bedroom apartment is $1,043 per month, for a 2-bedroom apartment, $1,281 per month, and a 3-bedroom apartment is $1,546 per month.
The average rent in Waterloo is 41.1% ($740) lower than the national average of $1,799 per month.
The average rent in Waterloo has increased by 0.4% ($4) in the last month and increased by 14.2% ($132) over the past year.
The rental market in Waterloo, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Waterloo, IA, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 138 rental properties available in Waterloo, IA.
Based on the current averages, a household would need an annual income of $51,240 to comfortably afford a 2-bedroom apartment in Waterloo.
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