Updated 1 Hour Ago
Highlights
- Beautiful hardwood floors
- Included utilities
Location
518 1/2 Locust St #1-2, Waterloo, IA 50702, USA|Church Row Historic
Tour 518 1/2 Locust St #1-2
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ABD Properties
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Property Overview
Beautiful hardwood floors and included utilities stand out, along with large windows that bring in natural light and a quiet setting with little noise. Value for money is strong compared with nearby properties, and the close proximity to a top-rated elementary school adds another appealing point.
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
Elementary school nearby- Less expensive
Great for
Work-from-home
Amenities for 518 1/2 Locust St #1-2, Church Row Historic
Apartment Amenities
| Air Conditioning | Hardwood Floor |
| Linen Closet | Utilities Included |
| View | Window Coverings |
Appliances
| Range | Refrigerator |
Tech
| Climate Control |
Building
| Heat Gas |
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.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 518 1/2 Locust St #1-2
$695 - CHARMING 2 BEDROOM IN WATERLOO'S HISTORIC CHURCH ROW NEIGHBORHOOD. Brand new AC. Bright and inviting upstairs 2-bedroom, 1-bath apartment featuring beautiful hardwood floors, plenty of natural light, and the character of an older home. The apartment includes a separate kitchen with refrigerator and stove provided, plus access to a LARGE SHARED BACKYARD. GREAT LOCATION: Located in Waterloo's historic Church Row neighborhood and within walking distance of a grocery store, dollar store, restaurant and laundromat. Close to bus lines. INCLUDED UTILITIES: Water, sewer and garbage are included in the $695 monthly rent. Residents pay only gas and electric. NO APPLICATION FEE. AVAILABLE NOW - FILL OUT A FREE 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 518 1/2 Locust St #1-2 compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.0 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Church Row Historic |
|---|---|
| Zip code | 50702 |
| Type | Apartment for rent |
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Rent trends in Church Row Historic
2-bedroom apartments at 518 1/2 Locust St #1-2 cost about 4% less than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Aug 22 2026.
Church Row Historic
Waterloo
| Month | Median Rent |
|---|---|
| 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 | $843 |
| July 2026 | $850 |
| August 2026 | $850 |
| Month | Median Rent |
|---|---|
| September 2024 | $772 |
| October 2024 | $775 |
| November 2024 | $745 |
| December 2024 | $731 |
| January 2025 | $740 |
| February 2025 | $712 |
| March 2025 | $709 |
| April 2025 | $703 |
| May 2025 | $700 |
| June 2025 | $718 |
| July 2025 | $692 |
| August 2025 | $699 |
| September 2025 | $717 |
| October 2025 | $757 |
| November 2025 | $760 |
| December 2025 | $759 |
| January 2026 | $742 |
| February 2026 | $728 |
| March 2026 | $740 |
| April 2026 | $747 |
| May 2026 | $719 |
| June 2026 | $743 |
| July 2026 | $733 |
| August 2026 | $737 |
Affordability calculator
Can I afford to live at 518 1/2 Locust St #1-2?
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
$27,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $27,800 annually to afford this 2-bedrooms monthly rent price of $695.
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.| 5 months ago | $700 |
Schools near 518 1/2 Locust St #1-2
Irving Elementary School
1115 w 5th st
waterloo, IA, 50702
PK, K-5Public
C
Bess Streeter Aldrich Elementary School
2526 ashworth dr
cedar falls, IA, 50613
PK, K-6Public
A
Cedar Falls Virtual Campus
1002 w 1st st
cedar falls, IA, 50613
K-12Public
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Internet available near 518 1/2 Locust St #1-2
Neighborhood
Church Row Historic | Waterloo, IA
Getting around Waterloo near 518 1/2 Locust St #1-2
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 518 1/2 Locust St #1-2, Waterloo
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
2/10
At least one high school within a 30-minute walk
Nightlife
3/10
Some bars within walking distance
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