2 Days Ago
Highlights
Pet Friendly
Location
2050 Rainbow Dr #2050, Waterloo, IA 50701, USA
Tour 2050 Rainbow Dr #2050
Contact
DWB Investments, LLC
Nearby rentals
Renter hub
Property management
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Property Overview
The location offers convenient access to local amenities, enhancing daily living. With spacious interiors and a well-maintained exterior, the property presents an appealing option for various lifestyles. Notable features include modern fixtures and a functional layout, contributing to its overall charm and practicality.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Dishwasher
- Images Available
Great for
Pet owners
Amenities for 2050 Rainbow Dr #2050
Apartment Amenities
| Air Conditioning | Carpet |
| Ceiling Fan | Central Heat |
| Dryer | Heating |
| Mirrors | Washer |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Range |
| Refrigerator |
Tech
| Climate Control |
Building
| Cats OK | Dogs OK |
| Handrails | Onsite Laundry |
| Smoke-free |
Grounds
| Garage Parking |
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
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 2050 Rainbow Dr #2050
Enjoy this modern updated 2bd 1 bath located in the heart of the cedar valley. This split foyer offers 4 levels. 2 large bedrooms, tiled bathroom, real hardwood floors throughout the living room and kitchen, connected garage that stays heated year-round, an additional room that can be used as an office or maybe a gym, and the lowest level offers great storage and a washer and dryer. No smoking. Tenants pay utilities. Mowing is provided. Pet friendly. $50/month per pet. Please fill out the application below to move forward. https dwbinvestmentsllc managebuilding com Resident rental-application new
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 2050 Rainbow Dr #2050 compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 580 sqft larger than other listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
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 | Apartment for rent |
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Rent trends in Waterloo
2-bedroom apartments at 2050 Rainbow Dr #2050 cost about 47% more than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Jan 17 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 | $816 |
Affordability calculator
Can I afford to live at 2050 Rainbow Dr #2050?
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
$48,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 2-bedrooms monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.
Schools near 2050 Rainbow Dr #2050
Cedar Heights Elementary School
2417 rainbow dr
cedar falls, IA, 50613
PK, K-6Public
B
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Internet available near 2050 Rainbow Dr #2050
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 2050 Rainbow Dr #2050
Walking
3/10
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.
Points of interest for 2050 Rainbow Dr #2050, Waterloo
Groceries
1/10
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
6/10
At least one elementary school within a 20-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
2/10
Few or no bars within walking distance
Explore the area around 2050 Rainbow Dr #2050
Natural Grocers
5410 University Ave
Hy-Vee
6301 University Ave
Con Agra Grocery Products Co
2701 Midport Blvd
Fareway
4500 S Main St
Walmart Supercenter
525 Brandilynn Blvd
Kohl's
5911 University Ave
Von Maur
6301 University Ave
Brown's Shoe Fit
6406 University Ave
Classic Shirts IA
2032 Westview Ave
LBL Wigs
321 Main St
Caribou Coffee at Hy-Vee
3700 University Ave
Dunkin'
6004 University Ave
US Coffee & Tea
207 Ansborough Ave
Starbucks
6301 University Ave
Starbucks
6421 University Ave
Care Hageman Enterprises LLC
3209 Loma St
Casey's 218 Pub
4014 University Ave
Buzz's Bar
1016 Maynard Ave
Texas Roadhouse
5715 University Ave
Chasers Pub
3005 University Ave
Scratch Cup Cakery
6607 University Ave
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
Bread to Beer, LLC
128 Main St
Walmart Bakery
525 Brandilynn Blvd
Milkbox Bakery
2223 College St
Fig Frolic
3004 Rainbow Dr
Pizza Ranch
4302 University Ave
Other Place
4214 University Ave
Caribou Coffee at Hy-Vee
3700 University Ave
Gravy's Diner
4129 University Ave
Greenhill Rd and Rainbow Dr
Cedar Falls-UNI - YELLOW, Cedar Falls-Rainbow - YELLOW
Galloway Ave and Rainbow Dr
Cedar Falls-UNI - YELLOW, Cedar Falls-Rainbow - YELLOW
Progress Ave and University Ave (WB)
Cedar Falls-UNI - YELLOW, Cedar Falls-Rainbow - YELLOW
North Star Svcs and Iowa Workforce Dev
Cedar Falls-UNI - YELLOW, West Loop - GREY
Greenhill Rd and S Hackett Rd
West Loop - GREY
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Check availability
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