How much does it cost to rent at Metro Rentals?

Rent at Metro Rentals in Waterloo, IA ranges from $795 to $995 per month as of August 23, 2026.

What is the average 1 bed rent at Metro Rentals?

The average 1 bed apartment at Metro Rentals costs $825/month, starting from $825.

What is the average 2 bed rent at Metro Rentals?

The average 2 bed apartment at Metro Rentals costs $862/month, starting from $795.

What is the average 3 bed rent at Metro Rentals?

The average 3 bed apartment at Metro Rentals costs $900/month, starting from $900.

Is Metro Rentals a good apartment complex?

Metro Rentals has a 2.7-star rating on Google based on 35 reviews.

Updated August 23, 2026 at 5:55 p.m. CT

Metro Rentals

Property manager listings

2117 Falls Ave, Waterloo, IA 50701, USA

Metro Rentals is a rental manager, and the homes on this page sit at multiple addresses across Waterloo, IA rather than in one building. Pricing below reflects their currently listed rentals, not a single apartment community.

2.7 (35 reviews) Official Website

Live pricing, refreshed August 23, 2026 at 5:55 p.m. CT

Units Listed

$795

Starting at

$862

Average

$995

Highest

$1.01

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Waterloo 50701 rent trends

Beds

Pricing by Bedroom

1 Bed

$825

from $825 · 1 units

~740 sqft avg

2 Bed

$862

from $795 · 3 units

~910 sqft avg

3 Bed

$900

from $900 · 1 units

~812 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (3)

Last 15 days

Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. This building has no revenue estimate: we publish occupancy and building-size figures only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Moderate availability

5 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Waterloo 50701

Neighborhood

Russell Lamson

$652

Metro Rentals

$795

Better Living Management

$795 Art Bloc

$1,110 Grand Crossing Condos

$1,360 Edge RPM

$3,166

Comparing 6 apartments in Waterloo 50701. Click any bar to view that building.

See Waterloo 50701 rent trends on the Waterloo, IA map Explore Waterloo, IA on the interactive map

Available Units

Sort

5 units

2 Bed / 1 Bath Available!

$795/mo

851 ft² · $0.93/ft²

2 Bed / 1 Bath COMING SOON!

$795/mo

851 ft² · $0.93/ft²

Down $305 since Aug 19 (was $1,100)

1 Bed / 1 Bath AVAILABLE NOW!

$825/mo

740 ft² · $1.11/ft²

Down $50 since Aug 16 (was $875)

3 Bed / 1 Bath Coming Soon!

$900/mo

812 ft² · $1.11/ft²

Up $25 since Aug 19 (was $875)

2 Bed / 1.5 Bath 2 Bedroom back patio only

$995/mo

1,029 ft² · $0.97/ft²

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
--	Available!	2bd / 1ba	851	$795	$0.93	2026-08-10	Pro
--	COMING SOON!	2bd / 1ba	851	$795	$0.93	2026-08-10	Pro	Down $305 since Aug 19
--	AVAILABLE NOW!	1bd / 1ba	740	$825	$1.11	2026-07-10	Pro	Down $50 since Aug 16
--	Coming Soon!	3bd / 1ba	812	$900	$1.11	2026-08-31	Pro	Up $25 since Aug 19
--	2 Bedroom back patio only	2bd / 1.5ba	1,029	$995	$0.97	2026-07-10	Pro

Train activity

Train activity nearby

Freight line 2,306 ft away

Trains pass infrequently
No road crossing within earshot. Horns unlikely.
Operator: CC

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Waterloo, IA notes

No resident notes for this property yet.