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Highlights

  • Open layout
  • Large windows
  • Quiet setting

Location

505 Wellington St, Waterloo, IA 50701, USA|Church Row Historic
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Tour 505 Wellington St

Contact

Management

Mgt Property Management Co

Leasing office

(319) 988-6055 ext. 2

Floor plans

2BR/1.0BA2 bed1 bath$760 /mo1 unit availableWelcome to 505 Wellington St, a beautifully maintained top-level apartment located in the heart of Waterloo, IA. This spacious two-bedroom, one-bathroom unit offers the perfect balance of comfort and convenience. Large windows fill the space with natural light, highlighting the apartment’s historic architecture and creating a warm, welcoming atmosphere. Residents will appreciate the peaceful setting and easy access to nearby shops, dining, and entertainment options. The views are beautiful no matter what time of year it may be. Tenant is responsible for MidAmerican Energy and Waterloo Waterworks. Owner does not supply AC - tenant may provide window AC unit(s). Discover the perfect mix of character and comfort at 505 Wellington St. Contact MGT Property Management at 319-242-3020 to schedule a showing!

Let's explore this property.

Amenities for 505 Wellington St

Apartment Amenities

Large Windows

Appliances

RangeRefrigerator
Stove

Building

Historic Charm
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

Units7

About 505 Wellington St

HomeApartments in WaterlooChurch Row Historic 505 Wellington St

Welcome to 505 Wellington St, a beautifully maintained top-level apartment located in the heart of Waterloo, IA. This spacious two-bedroom, one-bathroom unit offers the perfect balance of comfort and convenience. Large windows fill the space with natural light, highlighting the apartment’s historic architecture and creating a warm, welcoming atmosphere. Residents will appreciate the peaceful setting and easy access to nearby shops, dining, and entertainment options. The views are beautiful no matter what time of year it may be. Tenant is responsible for MidAmerican Energy and Waterloo Waterworks. Owner does not supply AC - tenant may provide window AC unit(s). Discover the perfect mix of character and comfort at 505 Wellington St. Contact MGT Property Management at 319-242-3020 to schedule a showing!


505 Wellington St is great for:

Work-from-home

  • Large windows for natural lighting
  • Utilities included in the rent
  • Quiet environment with little noise pollution
  • 2 internet service provider options nearby

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 505 Wellington St compares to other nearby properties.

Considerations

Lacks images
Fewer than 5 photos available for this property

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Rent trends in Church Row Historic

2-bedroom apartments at 505 Wellington St cost about 7% more than the average rent price for 2-bedroom apartments in Church Row Historic.

Median rents as of Oct 17 2026.
Church Row Historic
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
November 2024$1,120
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$824
A table of studio rental data trends in Church Row Historic
MonthMedian Rent
December 2025$590
January 2026$550

Affordability calculator

Can I afford to live at 505 Wellington St?

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

$30,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $30,400 annually to afford this 2-bedrooms monthly rent price of $760.
For more information on rent affordability, visit our rent calculator.

Schools near 505 Wellington St

Irving Elementary School

1115 w 5th st

waterloo, IA, 50702

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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Neighborhood

Church Row Historic | Waterloo, IA

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

Getting around Waterloo near 505 Wellington St

Walking

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

Driving

6/10
This area is close to freeways and has adequate 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 505 Wellington St, 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

9/10
At least one elementary school within a 10-minute walk

High schools

2/10
Closest high school further than a 30-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 505 Wellington St

Guddi Mart
506 Byron Ave
Balkan Grocery
1816 Williston Ave
S International Market
822 Laporte Rd
Mooroo
3015 Kimball Ave
Hy-Vee
2834 Ansborough Ave

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