Zumper
modified
5+ Days Ago

Highlights

  • Walk-in closets
  • High-speed fiber internet access
  • Quiet neighborhood setting
  • Large living room
  • Beautiful balcony

Location

2003 Waterloo Road, Cedar Falls, Iowa 50613, United States
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Contact

Management

Hanna's Homes

Leasing office

(844) 326-6969 ext. 5603

Property Overview

Amber Terrace Apts on Waterloo Rd offers an impressive overall Zumper expert rating of 8.3, reflecting its strong appeal to renters. The property excels with a competitive price rating of 10 out of 10, excellent amenities rated at 8, and a prime location score of 9, ensuring convenient access to various points of interest. Notable features such as walk-in closets, high-speed fiber internet, and a quiet neighborhood setting further enhance its desirability.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Amber Terrace Apts, Waterloo Rd is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Amber Terrace Apts, Waterloo Rd has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • Images Available

Great for

  • Work-from-home

Floor plans

Waterloo Road 2003 - A-102 bed1.5 bath$975 /mo

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units1
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About Amber Terrace Apts, Waterloo Rd

HomeApartments in Cedar Falls Amber Terrace Apts, Waterloo Rd

Amber Terrace Apts, Waterloo Rd cost $975 per month. Located at 2003 Waterloo Road, Cedar Falls, Iowa 50613, United States, Amber Terrace Apts, Waterloo Rd has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Cedar Falls, renting an apartment at Amber Terrace Apts, Waterloo Rd is 8% cheaper per month.Other apartment buildings in or around Cedar Falls include but are not limited to: 791 Russell Road


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Amber Terrace Apts, Waterloo Rd is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Amber Terrace Apts, Waterloo Rd has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Amber Terrace Apts, Waterloo Rd
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Amber Terrace Apts, Waterloo Rd offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Amber Terrace Apts, Waterloo Rd is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Amber Terrace Apts, Waterloo Rd is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Amber Terrace Apts, Waterloo Rd does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Amber Terrace Apts, Waterloo Rd provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Amber Terrace Apts, Waterloo Rd is great for:

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Quiet environment with little noise pollution
  • 1 internet service provider option nearby

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 Amber Terrace Apts, Waterloo Rd compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.4 mile away
Images Available
There are at least 10 photos of this address

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Rent trends in Cedar Falls

2-bedroom apartments at Amber Terrace Apts, Waterloo Rd cost about 8% less than the average rent price for 2-bedroom apartments in Cedar Falls.

Median rents as of Dec 13 2025.
Cedar Falls
A table of studio rental data trends in Cedar Falls
MonthMedian Rent
December 2023$795
January 2024$795
February 2024$750
March 2024$725
April 2024$832
May 2024$933
June 2024$920
July 2024$895
August 2024$895
September 2024$895
October 2024$895
November 2024$837
December 2024$802
January 2025$795
February 2025$806
March 2025$802
April 2025$890
May 2025$950
June 2025$931
July 2025$915
August 2025$950
September 2025$930
October 2025$939
November 2025$865
December 2025$816

Affordability calculator

Can I afford to live at 2003 Waterloo Road?

Bedrooms

2 bedrooms

Rent-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

$39,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this 2-bedrooms monthly rent price of $975.
For more information on rent affordability, visit our rent calculator.

Schools near Amber Terrace Apts, Waterloo Rd

Cedar Heights Elementary School

2417 rainbow dr

cedar falls, IA, 50613

PK, K-6Public
B
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Internet available near Amber Terrace Apts, Waterloo Rd

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Cedar Falls near 2003 Waterloo Road

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 2003 Waterloo Road, Cedar Falls

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

3/10
Few or no bars within walking distance

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