3 Days Ago
Location
227 Madison St #1, Waterloo, IA 50703, USA
Tour 227 Madison St #1
Contact
EPM Iowa, LLC
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Property Overview
Located in Waterloo, IA, 227 Madison St #1 offers strong value for money, ranking in the 75th percentile compared with nearby rentals. Top-rated elementary and middle schools are located within about a quarter-mile, adding everyday convenience. With 25 photos available, renters can quickly get a detailed sense of the unit and its features before visiting in person.
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
Middle school nearby- Elementary school nearby
- Less expensive
Great for
Pet owners
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 227 Madison St #1
Description: This 2-bedroom apartment features hardwood floors throughout and a basement for extra storage. Fridge and stove will be provided. Schools: Highland Elementary, George Washington Carver School, East High School Utilities: Landlord is responsible for Garbage, Lawn/Snow. Tenant is responsible for Electric, Gas, Water/Sewer. Average Utilities: $100 Move-In Costs: $749 Deposit, $749 Rent Lawn/Snow: Landlord responsibility Washer/Dryer: Hookups in basement AC: N/A Section 8: Applicable Office Phone #: 319-222-1515 Email: **** Website: https www epmiowa com All EPM Iowa residents are enrolled in the Resident Benefits Package (RBP) for $49.00/month which includes renters insurance, HVAC air filter delivery (for applicable properties), credit building to help boost your credit score with timely rent payments, $1M Identity Protection, move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! More details upon application.
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 227 Madison St #1 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Images Available
- There are at least 10 photos of this address
- Package service
- More secure storage for delivery
Address details
| Zip code | 50703 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Waterloo
2-bedroom apartments at 227 Madison St #1 cost about 12% less than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Jun 6 2026.
Waterloo
| Month | Median Rent |
|---|---|
| June 2024 | $830 |
| 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 | $818 |
| February 2026 | $825 |
| March 2026 | $831 |
| April 2026 | $850 |
| May 2026 | $841 |
| June 2026 | $850 |
Affordability calculator
Can I afford to live at 227 Madison St #1?
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
$29,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $29,960 annually to afford this 2-bedrooms monthly rent price of $749.
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.| 2 years ago | $750 |
| 5 years ago | $675 |
Schools near 227 Madison St #1
Highland Elementary School
812 idaho st
waterloo, IA, 50703
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 227 Madison St #1
Neighborhood
Getting around Waterloo near 227 Madison St #1
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 227 Madison St #1, Waterloo
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
2/10
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
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
3/10
Few or no bars within walking distance
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