Updated 3 Days Ago
Highlights
Pet Friendly
- Large kitchen
- Refrigerator
- Snow removal
- Off street parking
- Optional laundry hookups
- Side covered porch
Location
1135 Rainbow Dr, Waterloo, IA 50701, USA
Tour 1135 Rainbow Dr
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Amenities for 1135 Rainbow Dr
Features
| Four Bedrooms |
Community
| Cats OK | Dogs OK |
Grounds
| Outdoor Space | Yard |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
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About 1135 Rainbow Dr
SHOWINGS STARTING 8/3/26! Additional updated photos coming 8/1/2026!!! Welcome to this 4-bedroom, 1.5 bath home in Waterloo, IA! The main floor boasts a good-sized family room that overlooks the traditional dining room and the first bedroom to your right. Through the dining room is the large kitchen which provides an electric stove, refrigerator and plenty of cabinet space! At the rear of the house is the 1/2 bathroom and exit out to the side covered porch. As you proceed to the second floor there will be 3 bedrooms and the full bathroom through the large bedroom. Additional highlights include optional laundry hookups in the basement, off street parking! Additional Information: Pets are welcome with proof of vaccinations, proper registration and a monthly fee. Section 8 is not accepted at this location. Owner does not provide washer or dryer. Tenant responsible for maintaining renters' insurance for the duration of their lease. Tenant responsible for all utilities, lawn care and snow removal. Call today to schedule a viewing! Skip the wait and apply today! Application results generally take 24 hours or less! MGT Property Management **** 319.242.3020
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1135 Rainbow Dr compares to other nearby properties.
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 3 miles away
Address details
| Zip code | 50701 |
|---|---|
| Type | House for rent |
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Rent trends in Waterloo
4-bedroom apartments at 1135 Rainbow Dr cost about 6% more than the average rent price for 4-bedroom apartments in Waterloo.
Median rents as of Jul 18 2026.
Waterloo
| Month | Median Rent |
|---|---|
| August 2024 | $1,107 |
| September 2024 | $1,115 |
| October 2024 | $1,108 |
| November 2024 | $1,116 |
| December 2024 | $1,085 |
| January 2025 | $1,211 |
| February 2025 | $1,167 |
| March 2025 | $1,165 |
| April 2025 | $1,262 |
| May 2025 | $1,170 |
| June 2025 | $1,125 |
| July 2025 | $1,140 |
| August 2025 | $1,153 |
| September 2025 | $1,157 |
| October 2025 | $1,300 |
| November 2025 | $1,359 |
| December 2025 | $1,318 |
| January 2026 | $1,157 |
| February 2026 | $1,175 |
| March 2026 | $1,200 |
| April 2026 | $1,200 |
| May 2026 | $1,165 |
| June 2026 | $1,293 |
| July 2026 | $1,241 |
Affordability calculator
Can I afford to live at 1135 Rainbow Dr?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$52,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 4-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 1 year ago | $1,025 |
Schools near 1135 Rainbow Dr
Becker Elementary School
1239 sheldon st
waterloo, IA, 50701
PK, K-5Public
C-
Cedar Falls Virtual Campus
1002 w 1st st
cedar falls, IA, 50613
K-12Public
Bess Streeter Aldrich Elementary School
2526 ashworth dr
cedar falls, IA, 50613
PK, K-6Public
A
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Internet available near 1135 Rainbow Dr
Neighborhood
Getting around Waterloo near 1135 Rainbow Dr
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 1135 Rainbow Dr, Waterloo
Groceries
0/10
No grocery stores within walking distance
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
1/10
No elementary schools within a 30-minute walk
High schools
1/10
No high schools within a 30-minute walk
Nightlife
3/10
Few or no bars within walking distance
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