Zumper
modified
1 Day Ago

Highlights

  • Character
  • Walk-in closet
  • Large windows
  • Brand-new appliances

Location

505 Wellington Street, Waterloo, Iowa 50701, United States|Church Row Historic
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Tour 505 Wellington St

Contact

Management

Mgt Property Management Co

Leasing office

(319) 348-0495 ext. 2

Property Overview

505 Wellington St features an impressive overall rating of 8.6 from Zumper, reflecting its excellent amenities and prime location that scores 9 out of 10. The property showcases notable features such as character, large windows, and brand-new appliances, while also demonstrating a competitive pricing strategy with a perfect price rating of 10. Additionally, it offers convenient access to top-rated educational institutions within walking distance, enhancing the overall appeal for prospective renters.

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

Zumper Expert Rating

8.6
Very Good
With a solid 8.6 out of 10 overall, 505 Wellington St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 505 Wellington 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

  • Elementary school nearby
  • High school nearby

Great for

  • Work-from-home

Floor plans

2BR/1.0BA2 bed1 bath$825 /mo2 units availableWelcome to your new home near downtown Waterloo! This first-floor apartment features 2 spacious bedrooms and 1 full bathroom in a secure building, just minutes from all the restaurants, shops, and entertainment that make the downtown area so convenient. Enjoy brand-new appliances, plenty of storage, and large windows that fill the space with natural light. The primary bedroom includes a walk-in closet with a mirror and vanity area, offering both function and a touch of luxury. Rent: $825/month Deposit: Equal to 1 months rent Tenant is responsible for MidAmerican Energy and Waterloo Waterworks. Owner does not supply AC Discover the perfect mix of character and comfort—make 505 Wellington St your new home today. Schedule a private viewing today! Apply now and make this your new home for 2025-2026!! (319) 242-3020 ****

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Amenities for 505 Wellington St

Apartment Amenities

Large WindowsNatural Light

Appliances

FridgeRange
RefrigeratorStove

Building

Controlled AccessHistoric 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
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About 505 Wellington St

HomeApartments in WaterlooChurch Row Historic 505 Wellington St

Welcome to your new home near downtown Waterloo! This first-floor apartment features 2 spacious bedrooms and 1 full bathroom in a secure building, just minutes from all the restaurants, shops, and entertainment that make the downtown area so convenient. Enjoy brand-new appliances, plenty of storage, and large windows that fill the space with natural light. The primary bedroom includes a walk-in closet with a mirror and vanity area, offering both function and a touch of luxury. Rent: $825/month Deposit: Equal to 1 months rent Tenant is responsible for MidAmerican Energy and Waterloo Waterworks. Owner does not supply AC Discover the perfect mix of character and comfort—make 505 Wellington St your new home today. Schedule a private viewing today! Apply now and make this your new home for 2025-2026!! (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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, 505 Wellington St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 505 Wellington 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 505 Wellington St
Price·10A 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.
505 Wellington St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
505 Wellington St goes above and beyond to provide sought-after conveniences and desirable perks, including controlled access. Renters looking for popular or luxurious features will find them here—and for that reason, 505 Wellington 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.
505 Wellington 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 505 Wellington 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.

505 Wellington St is great for:

Work-from-home

  • 2 internet service provider options nearby
  • Large windows for natural lighting
  • Quiet environment with little noise pollution
  • 1 office supply store within 1 mile

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.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
High school nearby
There is a high school 1 mile away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Church Row Historic

2-bedroom apartments at 505 Wellington St cost about 6% more than the average rent price for 2-bedroom apartments in Church Row Historic.

Median rents as of Nov 29 2025.
Church Row Historic
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
December 2023$828
January 2024$727
February 2024$654
March 2024$635
April 2024$518
May 2024$762
June 2024$918
July 2024$1,200
August 2024$1,200
September 2024$1,187
October 2024$1,187
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
A table of studio rental data trends in Church Row Historic
MonthMedian Rent
January 2024$503
February 2024$550
March 2024$543
April 2024$500
May 2024$500

Affordability calculator

Can I afford to live at 505 Wellington Street?

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

$33,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this 2-bedrooms monthly rent price of $825.
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
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Internet available near 505 Wellington St

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 Street

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 Street, 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 Street

City of Waterloo-Public Market
327 W 3rd St
Guddi Mart
506 Byron Ave
Balkan Grocery
1816 Williston Ave
S International Market
822 Laporte Rd
Mooroo
3015 Kimball Ave

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