4 Days Ago
Highlights
- Snow removal
- Washer/dryer hookups
- Off street parking
- Central air
Location
507 Reed Street, Waterloo, Iowa 50703, United States|Common Grounds
Tour 507 Reed Street
Contact
Double A Management, LLC
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 507 Reed Street
Text 319-224-0861 to schedule a showing. 2 bedroom, 1 bathroom home for rent in Waterloo. Fridge and stove included. Closed in front porch, central air and basement with washer/dryer hookups. Off street parking. Tenant responsible for all utilities, lawn care and snow removal. Some pets may be allowed with extra charges. We run a full criminal and eviction record. Applicants must have a monthly income of 3 times the monthly rent and have a prior, good rental history to qualify. We do not accept section 8. Please have a deposit and application fee readily available when scheduling a showing. Text 319-224-0861 to schedule a showing.
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 507 Reed Street compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Neighborhood | Common Grounds |
|---|---|
| Zip code | 50703 |
| Type | House for rent |
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Rent trends in Common Grounds
2-bedroom apartments at 507 Reed Street cost about 8% less than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Nov 29 2025.
Common Grounds
Waterloo
| Month | Median Rent |
|---|---|
| December 2023 | $796 |
| January 2024 | $800 |
| 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 |
| Month | Median Rent |
|---|---|
| December 2023 | $775 |
| February 2024 | $750 |
| November 2024 | $825 |
| December 2024 | $822 |
| January 2025 | $834 |
| March 2025 | $895 |
| April 2025 | $895 |
Affordability calculator
Can I afford to live at 507 Reed Street?
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
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 2-bedrooms monthly rent price of $825.
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.| Last month | $825 |
Schools near 507 Reed Street
Lincoln Elementary School
302 cedar bend st
waterloo, IA, 50703
PK, K-5Public
C-
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Internet available near 507 Reed Street
Neighborhood
Common Grounds | Waterloo, IA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 507 Reed Street
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
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
0/10
FYI, there are little to no public transit options within walking distance.
Points of interest for 507 Reed Street, Waterloo
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
3/10
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
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
2/10
Some bars within walking distance
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- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
- dogs and cats ok
- dishwasher
- on-site laundry
Check availability
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