Listed 5+ Days Ago
Location
407 Reed St #1, Waterloo, IA 50703, USA|Common Grounds
Tour 407 Reed St #1
Contact
EPM Iowa, LLC
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Amenities for 407 Reed St #1, Common Grounds
Features
| Utilities Included |
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 407 Reed St #1
Description: This 3 bedroom, 1 bathroom house features new floors and paint throughout. Utilities Included: None Average Utilities: $125 Move-In Costs: $975 Deposit, $975 Rent Lawn/Snow: Tenant responsibility AC: N/A Section 8: Not Applicable Pets: Allowed on a case-by-case basis, $50/month 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 407 Reed St, Waterloo, IA 50703, USA compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.3 miles away
- More space
- The 3-bedroom is 185 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this property
- Outdoor space
- Easy access to the outdoors
- Package service
- More secure storage for delivery
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1.1 miles away
Address details
| Neighborhood | Common Grounds |
|---|---|
| Zip code | 50703 |
| Type | House for rent |
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Rent trends in Common Grounds
3-bedroom apartments at 407 Reed St #1 cost about the same as the average rent price for 3-bedroom apartments in Waterloo.
Median rents as of Oct 10 2026.
Common Grounds
Waterloo
| Month | Median Rent |
|---|---|
| October 2024 | $1,075 |
| 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 |
| January 2026 | $1,003 |
| February 2026 | $1,045 |
| March 2026 | $1,079 |
| April 2026 | $1,033 |
| May 2026 | $1,064 |
| June 2026 | $1,100 |
| July 2026 | $1,084 |
| August 2026 | $1,055 |
| September 2026 | $1,031 |
| October 2026 | $990 |
| Month | Median Rent |
|---|---|
| November 2024 | $900 |
| April 2025 | $925 |
| May 2025 | $970 |
| June 2025 | $1,031 |
| July 2025 | $1,000 |
| August 2025 | $984 |
| September 2025 | $1,019 |
| December 2025 | $946 |
| January 2026 | $967 |
| February 2026 | $1,014 |
| May 2026 | $1,110 |
| June 2026 | $1,100 |
| July 2026 | $995 |
| August 2026 | $964 |
| September 2026 | $893 |
| October 2026 | $977 |
Affordability calculator
Can I afford to live at 407 Reed St #1?
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
$39,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,000 annually to afford this 3-bedrooms monthly rent price of $975.
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.| Bath | |||||
|---|---|---|---|---|---|
| 7 years ago | $650 | 3 bed | 1 bath |
Schools near 407 Reed St #1
Lincoln Elementary School
302 cedar bend 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 407 Reed St #1
Neighborhood
Common Grounds | Waterloo, IA
Getting around Waterloo near 407 Reed St #1
Walking
4/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
1/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 407 Reed St #1, Waterloo
Groceries
3/10
Some groceries within a short drive
Shopping
4/10
Some shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
4/10
Variety of restaurants within a short drive
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within a short drive
Other units at this address
407 Reed St, Waterloo, IA
407 Reed St Waterloo, IA
Occupied
3 Beds, 1 Bath
3 Beds
1 Bath
$650
Air Conditioning
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