7 Hours Ago
Highlights
- Open layout
- Large windows
- Quiet setting
Location
505 Wellington St, Waterloo, IA 50701, USA|Church Row Historic
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Property Overview
505 Wellington St is a high-value rental with an overall expert rating of 8.6/10, highlighted by a perfect 10/10 price score and strong 9/10 ratings for both amenities and location. Its open layout, large windows, and quiet setting, combined with utilities included and multiple nearby internet options, make it especially appealing for working from home. The property is in a convenient area near top-rated schools and has an 8/10 trustworthiness rating, giving renters a clear and reliable picture of what to expect.
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.
Things you’ll love
Elementary school nearby- Less expensive
- High school nearby
Great for
Work-from-home
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $740 /mo | 1 unit available | 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 that home feeling with 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. 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 2026!! (319) 242-3020 **** Limited units available! Reply to schedule a tour. |
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Amenities for 505 Wellington St
Apartment Amenities
| Large Windows | Natural Light |
Appliances
| Fridge | Range |
| Refrigerator | Stove |
Building
| Controlled Access |
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
| Units | 7 |
|---|
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About 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 that home feeling with 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. 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 2026!! (319) 242-3020 **** Limited units available! Reply to schedule a tour.
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 GoodWith 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.
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:
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
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- 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 4% more than the average rent price for 2-bedroom apartments in Church Row Historic.
Median rents as of May 9 2026.
Church Row Historic
Waterloo
| Month | Median Rent |
|---|---|
| May 2024 | $760 |
| 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 |
| December 2025 | $666 |
| January 2026 | $600 |
| February 2026 | $692 |
| March 2026 | $696 |
| April 2026 | $836 |
| May 2026 | $700 |
| Month | Median Rent |
|---|---|
| May 2024 | $500 |
| December 2025 | $590 |
| January 2026 | $550 |
Affordability calculator
Can I afford to live at 505 Wellington 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
$29,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $29,600 annually to afford this 2-bedrooms monthly rent price of $740.
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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Internet available near 505 Wellington St
Neighborhood
Church Row Historic | Waterloo, IA
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
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
Oh So in Boutique
221 W 4th St
Shoe Heaven
209 W 5th St
Costume Rental Shop
224 Commercial St
Waterloo Community Playhouse
224 Commercial St
Milroy Formal Wear
1216 Commercial St
Sidecar Coffee
21 W Jefferson St
Fat Cup Coffee Company
37 Fletcher Ave
Cabin Coffee
2040 Kimball Ave
Starbucks
2123 Kimball Ave
Scooter's Coffee
115 E Ridgeway Ave
Broken Record
315 W 4th St
The Loft
710 Jefferson St
Cafe Bar Elite
1108 Jefferson St
Daq King
632 Sycamore St
Screaming Eagle American Bar
228 E 4th St
Ajla's Bakery & Grocery
1206 W 9th St
Cakes By Isabel
129 Prospect Cir
Cakes & Bakes By Amber
Produce Store Inc
751 Glenwood St
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
West Side Liquor
919 W 5th St
La Placita Taqueria
321 W 4th St
Dairy-Kone
911 South St
Carpenter's Diner
518 Jefferson St
Red Apple Chinese Restaurant
305 W 4th St
W Park Ave and South St
West - BLUE, West Loop - GREY
W 5th St and Allen St
West - RED
W 4th St and Locust St
West - BLUE
W 3rd St and Locust St
West - BLUE, West Loop - GREY
W 9th St and South St
West - RED, West Loop - GREY
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