Average Rent in Waterloo, IA
5 apartment buildings, 68 units. Real asking prices, refreshed daily.
Avg Rent
$1,117/mo
Cheapest
$750/mo
Properties
5
Units
68
Waterloo, IA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 5 properties in Waterloo, IA.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Waterloo, IA Rent Prices
All 5 properties ranked by lowest available rent.
Union at North Crossing
3330 E 4th St, Waterloo, IA 50703, USA
Leavitt Park Apartments
1024 Leavitt St, Waterloo, IA 50702, USA
Cedar Crest Apartments
405 W Donald St, Waterloo, IA 50703, USA
Art Bloc
335 Cedar St Suite 200, Waterloo, IA 50701, USA
Grand Crossing Condos
45 West Jefferson Street, Waterloo, IA 50701, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Union at North Crossing 3330 E 4th St, Waterloo, IA 50703, USA | $800 | $934 | $1.11 | 3.2 (10) | 36 |
| 2 | Leavitt Park Apartments 1024 Leavitt St, Waterloo, IA 50702, USA | $895 | $895 | $1.28 | 4 (1) | 1 |
| 3 | Cedar Crest Apartments 405 W Donald St, Waterloo, IA 50703, USA | $900 | $967 | $1.07 | 3.9 (45) | 6 |
| 4 | Art Bloc 335 Cedar St Suite 200, Waterloo, IA 50701, USA | $1,210 | $1,681 | $2.43 | 4.1 (10) | 7 |
| 5 | Grand Crossing Condos 45 West Jefferson Street, Waterloo, IA 50701, USA | $1,360 | $1,592 | $1.52 | 4 (30) | 12 |
Explore Each Property
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 Crest Apartments
3.9 (45)405 W Donald St, Waterloo, IA 50703, USA
Art Bloc
4.1 (10)335 Cedar St Suite 200, Waterloo, IA 50701, USA
Grand Crossing Condos
4 (30)45 West Jefferson Street, Waterloo, IA 50701, USA
Waterloo, IA Average Rent Prices 2026
The average rent in Waterloo, IA is $1,117 per month, based on 68 units across 5 apartment communities. Prices range from $800 at Union at North Crossing to $1,360 at Grand Crossing Condos.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,210/mo | $1,210/mo | 1 |
| 1 Bed | $1,006/mo | $750/mo | 27 |
| 2 Bed | $1,212/mo | $795/mo | 29 |
| 3 Bed | $1,133/mo | $1,000/mo | 11 |
Every price comes directly from each property's leasing system, 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 $1,006/mo, with two-bedroom units averaging $1,212/mo. At the local median household income of $56,344, that works out to 24% of gross income, well within the 25 percent comfortable-rent threshold.
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 25% 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
$45,000/year
Based on the 30 percent rule, using our tracked average rent of $1,117/mo.
Comfortable income
$54,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($750/mo), you need to earn at least $30,000/year.
Median household income in Waterloo, IA is $56,344 , about 5% above 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) | $1,117 |
| Utilities | $267 |
| Groceries | $522 |
| Transportation | $637 |
| Healthcare | $311 |
| Other goods and services | $497 |
| Estimated total | $3,352/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 | Properties |
|---|---|---|---|
| Cedar Falls, IA | $1,429 | +28% | 6 |
Frequently asked questions
What is the average rent in Waterloo, IA?
The average rent in Waterloo, IA is $1,117 per month, based on 68 units across 5 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Waterloo, IA?
The lowest available rent in Waterloo, IA starts at $750 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Waterloo, IA?
1-bedroom apartments in Waterloo, IA average $1,006/mo. The lowest listed 1-bedroom starts at $750/mo across 27 units tracked.
How much is a 2-bedroom apartment in Waterloo, IA?
2-bedroom apartments in Waterloo, IA average $1,212/mo. Units start from $795/mo across 29 units currently listed.
Rent Trends in Waterloo, IA
Track how apartment prices are changing over time.
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