Listed 19 Hours Ago
Location
553 Reed St, Waterloo, IA 50703, USA|Common Grounds
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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.
Contact Property
About 553 Reed St
2 bedroom, 1 bathroom home for rent in Waterloo. Fridge and stove included. Decent sized fenced in yard with 1 stall detached garage with plenty of extra storage. Central air, newer vinyl windows and clean usable basement with washer and dryer hookups. Tenant is responsible for all utilities, lawn care and snow removal. Some pets may be allowed with extra charges. We run a full criminal and eviction background. Applicants must make 3 times the monthly rent for monthly income and have a previous, 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 553 Reed St compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this property
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 553 Reed St cost about 12% more than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Oct 31 2026.
Common Grounds
Waterloo
| Month | Median Rent |
|---|---|
| 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 | $824 |
| 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 |
| October 2026 | $850 |
Affordability calculator
Can I afford to live at 553 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
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 2-bedrooms monthly rent price of $950.
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.| 1 year ago | $950 |
Schools near 553 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
Neighborhood
Common Grounds | Waterloo, IA
Getting around Waterloo near 553 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 553 Reed St, Waterloo
Groceries
3/10
Some groceries within a short drive
Shopping
4/10
Some shops within a short drive
Cafes
2/10
Some cafés within a short drive
Restaurants
4/10
Variety of restaurants within a short drive
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
3/10
Some bars within a short drive
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