5+ Days Ago
Highlights
- Hardwood floors throughout
- Washer/dryer: hookups in basement
- Fridge and stove will be provided
Location
251 Madison St #1, Waterloo, IA 50703, USA
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Property Overview
Located just 0.2 miles from a top-rated elementary school and 0.13 miles from a top-rated middle school, this property offers convenient access to quality education. With 36 photos available, prospective tenants can easily visualize the living space, enhancing their decision-making process. Additionally, its value positions it in the 78.05 percentile, indicating strong market competitiveness in the area.
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.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 251 Madison St #1
Description: This 2-bedroom apartment features hardwood floors throughout and a basement for extra storage. Fridge and stove will be provided. Please contact EPM Iowa directly for more information and to apply. 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: $650 Deposit, $650 Rent Lawn/Snow: Landlord responsibility Washer/Dryer: Hookups in basement AC: N/A Section 8: Applicable Office Phone #: 319-222-1515 Email: **** Website: 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 251 Madison St #1 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.1 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
- Outdoor space
- Easy access to the outdoors
- 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 251 Madison St #1 cost about 21% less than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Feb 21 2026.
Waterloo
| Month | Median Rent |
|---|---|
| March 2024 | $775 |
| 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 | $818 |
| February 2026 | $825 |
Affordability calculator
Can I afford to live at 251 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
$26,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this 2-bedrooms monthly rent price of $650.
For more information on rent affordability, visit our rent calculator.
Schools near 251 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 251 Madison St #1
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 251 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 251 Madison St #1, Waterloo
Groceries
6/10
At least one supermarket within a 20-minute walk
Shopping
2/10
Some 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
Some bars within walking distance
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- on-site laundry
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- on-site laundry
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- on-site laundry
- air conditioning
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- on-site laundry
- air conditioning
- dogs ok
- on-site laundry
- air conditioning
- dogs ok
- on-site laundry
- air conditioning
- dogs ok
- on-site laundry
- air conditioning
- dogs ok
- on-site laundry
- air conditioning
Check availability
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