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Waterloo at a Glance

Average Rent

$781
(All bedrooms and property types)
Learn more about
Average Rent in Waterloo
4

School Rating

out of 10 Rating
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Schools in Waterloo
24

Some Transit

out of 100 TransitScore® Rating
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Transportation in Waterloo
53

Somewhat Bikeable

out of 100 BikeScore® Rating
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Transportation in Waterloo

Waterloo, IA Cheap Apartments for Rent

When looking for cheap apartments in 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 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 20 cheap apartments available in Waterloo Apartment Finder is the place to find your next rental.

Renting in Waterloo

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Waterloo

(For 1 bedroom apartments)

Getting Around Waterloo

Transportation

47

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
53

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
24

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Public University
Public University
Private University
5
West High School
out of 10 Rating
Public | Grades 9- 12 | 1,652 Students
3
East High School
out of 10 Rating
Public | Grades 9- 12 | 1,022 Students
6
Hoover Middle School
out of 10 Rating
Public | Grades 6- 8 | 883 Students
4
Central Middle School
out of 10 Rating
Public | Grades 6- 8 | 471 Students
2
Public | Grades 6- 8 | 442 Students
6
Lou Henry Elementary School
out of 10 Rating
Public | Grades K- 5 | 465 Students
6
Kingsley Elementary School
out of 10 Rating
Public | Grades K- 5 | 343 Students
School data provided by Great Schoolsⓘ

Apartments for Rent Near Waterloo

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Waterloo Apartments for Rent in Your Budget

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