Updated 22 Hours Ago
Highlights
- Washer and dryer hookups
- Snow removal
- Off street parking
- Fridge, stove, microwave included
Location
547 Reed St, Waterloo, IA 50703, USA|Common Grounds
Tour 547 Reed St
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 547 Reed St
Text 319-224-0861 to schedule a showing. 2 bedroom, 1 bathroom house for rent in Waterloo. Fridge, stove, and microwave included. Washer and dryer hookups, everything main level! No basement to heat! Off street parking and a shed and porch in back for storage. Tenant responsible for all utilities, lawn care, and snow removal. Some pets may be considered 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 viewing
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 547 Reed St cost about 6% more than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Aug 15 2026.
Common Grounds
Waterloo
| Month | Median Rent |
|---|---|
| August 2024 | $875 |
| 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 |
|---|---|
| November 2024 | $825 |
| December 2024 | $822 |
| January 2025 | $834 |
| March 2025 | $895 |
| April 2025 | $895 |
| December 2025 | $825 |
| January 2026 | $850 |
| February 2026 | $878 |
| March 2026 | $881 |
| April 2026 | $875 |
| May 2026 | $830 |
| June 2026 | $825 |
Affordability calculator
Can I afford to live at 547 Reed St?
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
$35,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,000 annually to afford this 2-bedrooms monthly rent price of $875.
For more information on rent affordability, visit our rent calculator.
Schools near 547 Reed St
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 547 Reed St
Neighborhood
Common Grounds | Waterloo, IA
Getting around Waterloo near 547 Reed St
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 547 Reed St, 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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