Updated 5+ Days 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
Contact
ABD Properties
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Property Overview
Beautiful hardwood floors and included utilities add convenience and appeal. Value for money ranks in the 85.19th percentile, and a top-rated elementary school is just 0.05 miles away.
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 0.1 miles 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 1.3 miles 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 3% less than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Oct 10 2026.
Church Row Historic
Waterloo
| Month | Median Rent |
|---|---|
| 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 | $849 |
| September 2026 | $825 |
| October 2026 | $825 |
| Month | Median Rent |
|---|---|
| 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 | $733 |
| September 2026 | $720 |
| October 2026 | $705 |
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.| 7 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
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
5/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
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
6/10
Variety of bars within a short drive
Explore the area around 518 1/2 Locust St #1-2
Guddi Mart
506 Byron Ave
Balkan Grocery
1816 Williston Ave
Mooroo
3015 Kimball Ave
S International Market
822 Laporte Rd
Hy-Vee
2834 Ansborough Ave
Bonita Things Quality Consignment
1423 W 3rd St
Oh So in Boutique
221 W 4th St
Shoe Heaven
209 W 5th St
Costume Rental Shop
224 Commercial St
Waterloo Community Playhouse
224 Commercial St
Orange Julius
1304 W 5th St
Sidecar Coffee
21 W Jefferson St
Cabin Coffee
2040 Kimball Ave
Starbucks
2123 Kimball Ave
Scooter's Coffee
115 E Ridgeway Ave
Broken Record
315 W 4th St
The Loft
710 Jefferson St
Cafe Bar Elite
1108 Jefferson St
Daq King
632 Sycamore St
Screaming Eagle American Bar
228 E 4th St
Ajla's Bakery & Grocery
1206 W 9th St
Cakes By Isabel
129 Prospect Cir
Cakes & Bakes By Amber
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
Produce Store Inc
751 Glenwood St
Irving Elementary School Playground
Irving Elementary school Playground
4th Street Garden
Leavitt Park
Washington Park
West Side Liquor
919 W 5th St
Dairy Queen
1304 W 5th St
Orange Julius
1304 W 5th St
Triple A Express LLC
1100 Western Ave
Dairy-Kone
911 South St
W 5th St and Locust St
1a
W 5th St and Grant Ave
1b
W 4th St and W 5th St
1a, 1b
W 3rd St and Locust St
2
Williston St and Baltimore St (WB)
8
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