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Updated 2 Days Ago

Location

Waterloo, IA 50701, USA
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Tour 705 & 705.5 W 3rd St

Contact

Management

Mgt Property Management Co

Leasing office

(319) 229-7622 ext. 2

Property Overview

705 & 705.5 W 3rd St earns a strong overall rating of 8.3, with standout marks for price, amenities, and location. Its value per square foot is above many nearby properties, and the close distance to highly rated middle and high schools, plus off-street parking and a concrete driveway, add to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 705 & 705.5 W 3rd St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 705 & 705.5 W 3rd St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • More space
  • Middle school nearby

Floor plans

2BR/1.0BA2 bed1 bath1,088 sqft$850–$875 /mo2 units availableWelcome home to this beautifully updated, stylish duplex featuring clean lines, modern finishes, and light-filled spaces throughout. Property Highlights Spacious Living & Dining: Beautiful light wood-plank LVP flooring, crisp neutral walls, and dark contrast trim. Updated Kitchen: Features bright quartz countertops, black quartz sink, sleek faucet new cabinetry, new stove and new fridge! Two Cozy Bedrooms: both bedrooms provide ample space and lighting- both from the natural light and new LED lighting. Full Bathroom: Clean, modern design featuring a newly tiled walk-in shower and updated vanity! Basement is unfinished and perfect for extra storage space! Curbside Appeal: Striking modern exterior with dark vertical siding, wood-slat accent detail and crisp white front doors! Features & Amenities Off-street parking / concrete driveway. Tenant responsible for window AC, all utilities and snow removal. Owner handles lawncare. Contact us today to schedule a viewing! MGT Property Management **** 319.242.3020

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Amenities for 705 & 705.5 W 3rd St

Apartment Amenities

New CabinetsNew Fixtures
New Flooring

Appliances

New AppliancesStove and Fridge

Other

On and Off Street Parking
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

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units2

About 705 & 705.5 W 3rd St

HomeApartments in Waterloo 705 & 705.5 W 3rd St

Welcome home to this beautifully updated, stylish duplex featuring clean lines, modern finishes, and light-filled spaces throughout. Property Highlights Spacious Living & Dining: Beautiful light wood-plank LVP flooring, crisp neutral walls, and dark contrast trim. Updated Kitchen: Features bright quartz countertops, black quartz sink, sleek faucet new cabinetry, new stove and new fridge! Two Cozy Bedrooms: both bedrooms provide ample space and lighting- both from the natural light and new LED lighting. Full Bathroom: Clean, modern design featuring a newly tiled walk-in shower and updated vanity! Basement is unfinished and perfect for extra storage space! Curbside Appeal: Striking modern exterior with dark vertical siding, wood-slat accent detail and crisp white front doors! Features & Amenities Off-street parking / concrete driveway. Tenant responsible for window AC, all utilities and snow removal. Owner handles lawncare. Contact us today to schedule a viewing! MGT Property Management **** 319.242.3020


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 705 & 705.5 W 3rd St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 705 & 705.5 W 3rd St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 705 & 705.5 W 3rd St
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
705 & 705.5 W 3rd St stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
705 & 705.5 W 3rd St goes above and beyond to provide sought-after conveniences and desirable perks, including on and off street parking. Renters looking for popular or luxurious features will find them here—and for that reason, 705 & 705.5 W 3rd St receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
705 & 705.5 W 3rd St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 705 & 705.5 W 3rd St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

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 705 & 705.5 W 3rd St compares to other nearby properties.

Positives

High school nearby
There is a high school 0.5 miles away
More space
The 2-bedroom is 234 sqft larger than other listings nearby
Middle school nearby
There is a middle school 0.4 miles away

Considerations

Lacks images
Fewer than 5 photos available for this property

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Rent trends in Waterloo

2-bedroom apartments at 705 & 705.5 W 3rd St cost about 4% more than the average rent price for 2-bedroom apartments in Waterloo.

Median rents as of Oct 31 2026.
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
November 2024$1,100
December 2024$1,106
January 2025$1,100
February 2025$1,062
March 2025$1,100
April 2025$1,100
May 2025$1,100
June 2025$1,072
July 2025$975
August 2025$1,100
September 2025$1,105
October 2025$991
November 2025$841
December 2025$666
January 2026$600
February 2026$692
March 2026$696
April 2026$836
May 2026$700
June 2026$606
July 2026$825
August 2026$736
September 2026$798
October 2026$825

Affordability calculator

Can I afford to live at Waterloo?

Bedrooms

2 bedrooms

Rent-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

$34,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 2-bedrooms monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.

Schools near 705 & 705.5 W 3rd St

Kingsley Elementary School

201 sunset rd

waterloo, IA, 50701

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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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around IA 50701 near Waterloo

Walking

5/10
Some shops and stores are within a few minutes.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

2/10
FYI, there are little to no public transit options within walking distance.

Points of interest for Waterloo, IA 50701

Groceries

8/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

5/10
Variety of shops within a short drive

Cafes

5/10
Variety of cafés within a short drive

Restaurants

5/10
Variety of restaurants within a short drive

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

5/10
Variety of bars within a short drive

Explore the area around Waterloo

Mooroo
3015 Kimball Ave
Hy-Vee
2834 Ansborough Ave
Fareway
40 W San Marnan Dr
Guddi Mart
506 Byron Ave
Sam's Club
210 E Tower Park Dr

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