Average Rent in Waterloo, IA
9 apartment buildings, 82 units. Daily asking prices with rent history for every building.
Cheapest
$795/mo
Russell Lamson
Properties
9
tracked daily
Units
82
available now
Waterloo, IA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 9 properties in Waterloo, IA.
Average rent trend, last 2 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Waterloo, IA Rent Prices
All 9 properties ranked by lowest available rent.
Russell Lamson
209 W 5th St, Waterloo, IA 50701, USA
Better Living Management
1141 Lantern Square, Waterloo, IA 50701, USA
Cedar Crest Apartments
405 W Donald St, Waterloo, IA 50703, USA
Union at North Crossing
3330 E 4th St, Waterloo, IA 50703, USA
Leavitt Park Apartments
1024 Leavitt St, Waterloo, IA 50702, USA
Cedar River Renewal
106 E 3rd St, Waterloo, IA 50703, USA
Art Bloc
335 Cedar St Suite 200, Waterloo, IA 50701, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Russell Lamson 209 W 5th St, Waterloo, IA 50701, USA | $652 as of Jul 7 | $776 | $1.29 | 4 (9) | 5 |
| 2 | Better Living Management 1141 Lantern Square, Waterloo, IA 50701, USA | $795 | $2,949 | -- | 4.3 (13) | 16 |
| 3 | Cedar Crest Apartments 405 W Donald St, Waterloo, IA 50703, USA | $800 | $983 | $1.09 | 3.9 (45) | 6 |
| 4 | Union at North Crossing 3330 E 4th St, Waterloo, IA 50703, USA | $800 | $960 | $1.11 | 3.2 (10) | 21 |
| 5 | Leavitt Park Apartments 1024 Leavitt St, Waterloo, IA 50702, USA | $920 | $920 | $1.31 | 4 (1) | 1 |
| 6 | Cedar River Renewal 106 E 3rd St, Waterloo, IA 50703, USA | $980 as of Aug 7 | $1,080 | $1.80 | 2.7 (12) | 61 |
| 7 | Art Bloc 335 Cedar St Suite 200, Waterloo, IA 50701, USA | $1,110 | $1,371 | $3.20 | 4.1 (10) | 21 |
Rent & Price History by Building
Russell Lamson
4 (9)209 W 5th St, Waterloo, IA 50701, USA
Better Living Management
4.3 (13)1141 Lantern Square, Waterloo, IA 50701, USA
Cedar Crest Apartments
3.9 (45)405 W Donald St, Waterloo, IA 50703, USA
Union at North Crossing
3.2 (10)3330 E 4th St, Waterloo, IA 50703, USA
Leavitt Park Apartments
4 (1)1024 Leavitt St, Waterloo, IA 50702, USA
Cedar River Renewal
2.7 (12)106 E 3rd St, Waterloo, IA 50703, USA
By Area
Waterloo, IA neighborhoods
Tracked buildings across 3 named neighborhoods. Pick one to see its apartments.
Waterloo, IA Average Rent Prices 2026
The average rent in Waterloo, IA is $1,555 per month, based on 82 units across 9 apartment communities. Prices range from $795 at Russell Lamson to $8,386 at Better Living Management.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,261/mo | $1,110/mo | 13 |
| 1 Bed | $1,350/mo | $795/mo | 29 |
| 2 Bed | $1,871/mo | $795/mo | 27 |
| 3 Bed | $1,679/mo | $900/mo | 12 |
| 4 Bed | $1,300/mo | $1,300/mo | 1 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Waterloo, IA, and what they pay
Tracked one-bedroom rent in Waterloo, IA averages $1,350/mo, with two-bedroom units averaging $1,871/mo. At the local median household income of $56,344, that works out to 33% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Waterloo, IA at $896/mo. The current tracked market average runs 74% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Waterloo, IA while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Waterloo, IA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$62,000/year
Based on the 30 percent rule, using our tracked average rent of $1,555/mo.
Comfortable income
$75,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($795/mo), you need to earn at least $32,000/year.
Median household income in Waterloo, IA is $56,344 , about 25% below the comfortable-living threshold.
Cost of living in Waterloo, IA
Overall prices in Waterloo, IA runs below the national average by about 12% (BEA Regional Price Parity index 88.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Waterloo, IA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,555 |
| Utilities | $267 |
| Groceries | $522 |
| Transportation | $637 |
| Healthcare | $311 |
| Other goods and services | $497 |
| Estimated total | $3,790/mo |
Population
66,947
Median household income
$56,344
Census median rent
$896/mo
Rent as % of income
27.4%
Median age
36.6
Mean commute
16 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Iowa
How Waterloo, IA rent compares to other markets in the state.
| City | Avg Rent | vs Waterloo, IA | 30-Day Change | Properties |
|---|---|---|---|---|
| Des Moines, IA | $1,298 | -17% | +0.8% | 15 |
| Ames, IA | $1,004 | -35% | +0.3% | 11 |
| Ankeny, IA | $1,431 | -8% | +0.9% | 10 |
| West Des Moines, IA | $1,590 | +2% | +13% | 10 |
| Sioux City, IA | $1,069 | -31% | -4.7% | 9 |
| Cedar Rapids, IA | $1,108 | -29% | -1.1% | 7 |
Frequently asked questions
What is the average rent in Waterloo, IA?
The average rent in Waterloo, IA is $1,555 per month, based on 82 units across 9 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Waterloo, IA?
The median asking rent in Waterloo, IA is $1,209 per month, computed from 82 live listed units and refreshed daily. The average is $1,555/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Waterloo, IA?
The lowest available rent in Waterloo, IA starts at $795 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Waterloo, IA?
1-bedroom apartments in Waterloo, IA average $1,350/mo. The lowest listed 1-bedroom starts at $795/mo across 29 units tracked.
How much is a 2-bedroom apartment in Waterloo, IA?
2-bedroom apartments in Waterloo, IA average $1,871/mo. Units start from $795/mo across 27 units currently listed.
Rent Trends in Waterloo, IA
Track how apartment prices are changing over time.
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