2 Days Ago
Location
501 Magnolia Pkwy, Waterloo, IA 50701, USA
Tour 501 Magnolia Pkwy
Contact
Cedar Valley Property Management
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 501 Magnolia Pkwy
This cozy one-bedroom offers everything you need at a budget-friendly price. Enjoy the peace and privacy of a standalone home located at the end of the road, perfect for quiet, simple living. Features include off-street parking and a comfortable layout that makes the most of the space. A great option for anyone looking for an affordable place to call home—schedule your showing today!
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 501 Magnolia Pkwy compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- More space
- The 1-bedroom is 500 sqft larger than other listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Zip code | 50701 |
|---|---|
| Type | House for rent |
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Rent trends in Waterloo
1-bedroom apartments at 501 Magnolia Pkwy cost about 27% more than the average rent price for 1-bedroom apartments in Waterloo.
Median rents as of Mar 28 2026.
Waterloo
| Month | Median Rent |
|---|---|
| April 2024 | $629 |
| May 2024 | $625 |
| June 2024 | $638 |
| July 2024 | $791 |
| August 2024 | $730 |
| September 2024 | $708 |
| October 2024 | $675 |
| November 2024 | $655 |
| December 2024 | $656 |
| January 2025 | $650 |
| February 2025 | $650 |
| March 2025 | $652 |
| April 2025 | $653 |
| May 2025 | $660 |
| June 2025 | $652 |
| July 2025 | $657 |
| August 2025 | $667 |
| September 2025 | $678 |
| October 2025 | $646 |
| November 2025 | $660 |
| December 2025 | $643 |
| January 2026 | $650 |
| February 2026 | $650 |
| March 2026 | $650 |
Affordability calculator
Can I afford to live at 501 Magnolia Pkwy?
Bedrooms
1 bedroomRent-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
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 1-bedroom monthly rent price of $825.
For more information on rent affordability, visit our rent calculator.
Schools near 501 Magnolia Pkwy
Becker Elementary School
1239 sheldon st
waterloo, IA, 50701
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 501 Magnolia Pkwy
Getting around Waterloo near 501 Magnolia Pkwy
Walking
3/10
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 501 Magnolia Pkwy, Waterloo
Groceries
0/10
No grocery stores within walking distance
Shopping
2/10
Few or no shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
1/10
No elementary schools within a 30-minute walk
High schools
0/10
No high schools within a 30-minute walk
Nightlife
3/10
Few or no bars within walking distance
Explore the area around 501 Magnolia Pkwy
City of Waterloo-Public Market
327 W 3rd St
Guddi Mart
506 Byron Ave
Hy-Vee
2834 Ansborough Ave
Mooroo
3015 Kimball Ave
Balkan Grocery
1816 Williston Ave
Vending Services Inc
735 Ansborough Ave
Family Dollar
611 Broadway St
Costume Rental Shop
224 Commercial St
Waterloo Community Playhouse
224 Commercial St
Classic Shirts IA
2032 Westview Ave
US Coffee & Tea
207 Ansborough Ave
Fat Cup Coffee Company
37 Fletcher Ave
Sidecar Coffee
21 W Jefferson St
Caribou Coffee at Hy-Vee
3700 University Ave
Cabin Coffee
2040 Kimball Ave
BJ's Bar & Billards
110 Ida St
Buzz's Bar
1016 Maynard Ave
Lava Lounge
2401 Falls Ave
Kingpin Social at Maple Lanes
2608 University Ave
Maple Lanes Bowling Center
2608 University Ave
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
Cakes & Bakes By Amber
Cakes By Isabel
129 Prospect Cir
Ajla's Bakery & Grocery
1206 W 9th St
Produce Store Inc
751 Glenwood St
BJ's Bar & Billards
110 Ida St
Buzz's Bar
1016 Maynard Ave
Steamboat Garden Bar
1740 Falls Ave
Rudy's Tacos
2401 Falls Ave
Papa Johns
1608 University Ave
Ansborough Ave and Maynard Ave
Cedar Falls-UNI - YELLOW, Cedar Falls-Rainbow - YELLOW
Goodwill on Falls Ave
West - BLUE, West Loop - GREY
Fletcher Ave and University Ave (WB)
West - BLUE, Cedar Falls-UNI - YELLOW, Cedar Falls-Rainbow - YELLOW, West Loop - GREY
Burton Ave and Conger St
East - GREEN
Burton Ave and W Parker St
East - GREEN
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