2 Days Ago
Location
1563 Oakwood Drive, Waterloo, Iowa 50703, United States
Tour 1563 Oakwood Drive
Contact
Caliber Group Property Management Co.
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One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 1563 Oakwood Drive
Welcome home to this inviting rental located in a quiet, family-friendly neighbourhood on Oakwood Drive. This bright and well-maintained property offers a comfortable layout, modern finishes, and convenient access to everything Waterloo has to offer. Step inside to find a spacious main living area filled with natural light—perfect for relaxing or entertaining. The kitchen features ample storage and a functional layout ideal for everyday cooking. Well-sized bedrooms provide plenty of comfort, and the updated bathroom offers a clean, modern feel. Enjoy a private backyard space that’s great for outdoor dining, gardening, or unwinding after a long day. The driveway provides convenient off-street parking, and the home is located just minutes from parks, schools, shopping, grocery stores, and major transit routes.
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 1563 Oakwood Drive compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 242 sqft larger than other listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 3 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
Address details
| Zip code | 50703 |
|---|---|
| Type | House for rent |
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Rent trends in Waterloo
3-bedroom apartments at 1563 Oakwood Drive cost about 45% more than the average rent price for 3-bedroom apartments in Waterloo.
Median rents as of Dec 6 2025.
Waterloo
| Month | Median Rent |
|---|---|
| December 2023 | $975 |
| January 2024 | $975 |
| February 2024 | $940 |
| March 2024 | $1,006 |
| April 2024 | $1,100 |
| May 2024 | $1,100 |
| June 2024 | $1,017 |
| July 2024 | $1,060 |
| August 2024 | $1,066 |
| September 2024 | $1,075 |
| October 2024 | $1,072 |
| November 2024 | $1,044 |
| December 2024 | $1,009 |
| January 2025 | $1,050 |
| February 2025 | $1,062 |
| March 2025 | $1,075 |
| April 2025 | $1,005 |
| May 2025 | $1,013 |
| June 2025 | $1,062 |
| July 2025 | $1,065 |
| August 2025 | $1,075 |
| September 2025 | $1,090 |
| October 2025 | $1,090 |
| November 2025 | $1,032 |
| December 2025 | $1,000 |
Affordability calculator
Can I afford to live at 1563 Oakwood Drive?
Bedrooms
3 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
$58,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $58,000 annually to afford this 3-bedrooms monthly rent price of $1,450.
For more information on rent affordability, visit our rent calculator.
Schools near 1563 Oakwood Drive
Lincoln Elementary School
302 cedar bend st
waterloo, IA, 50703
PK, K-5Public
C-
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Internet available near 1563 Oakwood Drive
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 1563 Oakwood Drive
Walking
2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
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 1563 Oakwood Drive, Waterloo
Groceries
0/10
Closest supermarket further than a 30-minute walk
Shopping
1/10
Few or no shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
0/10
Closest high school further than a 30-minute walk
Nightlife
1/10
Few or no bars within walking distance
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Check availability
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