2 Days Ago
Location
1404 Rainbow Dr, Waterloo, IA 50701, USA
Tour 1404 Rainbow Dr
Contact
Edge RPM
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 1404 Rainbow Dr
Great 2-bedroom, 1-bath ranch with a classic stone exterior! Fresh paint throughout and move-in ready. Kitchen includes stove and refrigerator, plus washer and dryer for your convenience. No pets. No smoking. Tenant is responsible for all lawn care, snow removal, and utilities. Must apply online at www edgerpm com Once your application is received, we will schedule a showing.
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 1404 Rainbow Dr compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 3 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Zip code | 50701 |
|---|---|
| Type | House for rent |
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Rent trends in Waterloo
2-bedroom apartments at 1404 Rainbow Dr cost about 8% more than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Jan 24 2026.
Waterloo
| Month | Median Rent |
|---|---|
| February 2024 | $750 |
| March 2024 | $770 |
| April 2024 | $806 |
| May 2024 | $850 |
| June 2024 | $842 |
| July 2024 | $867 |
| August 2024 | $879 |
| September 2024 | $875 |
| October 2024 | $850 |
| November 2024 | $850 |
| December 2024 | $850 |
| January 2025 | $848 |
| February 2025 | $843 |
| March 2025 | $860 |
| April 2025 | $865 |
| May 2025 | $845 |
| June 2025 | $857 |
| July 2025 | $870 |
| August 2025 | $862 |
| September 2025 | $850 |
| October 2025 | $850 |
| November 2025 | $850 |
| December 2025 | $837 |
| January 2026 | $815 |
Affordability calculator
Can I afford to live at 1404 Rainbow Dr?
Bedrooms
2 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
$35,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,000 annually to afford this 2-bedrooms monthly rent price of $875.
For more information on rent affordability, visit our rent calculator.
Schools near 1404 Rainbow Dr
Becker Elementary School
1239 sheldon st
waterloo, IA, 50701
PK, K-5Public
C-
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Internet available near 1404 Rainbow Dr
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 1404 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
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1404 Rainbow Dr, Waterloo
Groceries
0/10
Closest supermarket further than a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
2/10
Closest elementary school further than a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Nightlife
2/10
Some bars within walking distance
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- in-unit laundry
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- in-unit laundry
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- in-unit laundry
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- dogs ok
- in-unit laundry
- air conditioning
- dogs ok
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Check availability
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