3 Days Ago
Highlights
- Convenient location
- Utilities included
- Easy access
Location
309 Franklin St, Waterloo, IA 50703, USA
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Property Overview
309 Franklin offers a convenient location with utilities included and easy access to essential amenities. It is well-positioned within close proximity to top-rated schools, with the nearest elementary school just 0.78 miles away and a high school only 0.31 miles distant. Additional benefits include access to grocery stores and public transport, located approximately 2.65 miles and 1.54 miles away, respectively.
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.
Things you’ll love
High school nearby- Less expensive
- Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $545 /mo | 1 unit available | Welcome to this 1 bed, 1 Bathroom apartment, located in the heart of Waterloo, IA. This apartment offers a secured entry system, ensuring your peace of mind and safety. One of the key benefits of this apartment is that utilities are included, freeing you from the hassle of monthly bill management. The location is another major plus point. Situated in a convenient downtown location, you'll have easy access to all the amenities and attractions that Waterloo has to offer. Experience the perfect blend of convenience, comfort, and security in this 1 bed 1 Bathroom apartment. |
Let's explore this property.
Amenities for 309 Franklin
Apartment Amenities
| One Bathroom | One Bedroom |
| Utilities Included |
Appliances
| Fridge | Range |
| Refrigerator | Stove |
Building
| Controlled Access |
Neighborhood
| Convenient Downtown Location |
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
Building details
Property details
| Units | 5 |
|---|
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About 309 Franklin
Welcome to this 1 bed, 1 Bathroom apartment, located in the heart of Waterloo, IA. This apartment offers a secured entry system, ensuring your peace of mind and safety. One of the key benefits of this apartment is that utilities are included, freeing you from the hassle of monthly bill management. The location is another major plus point. Situated in a convenient downtown location, you'll have easy access to all the amenities and attractions that Waterloo has to offer. Experience the perfect blend of convenience, comfort, and security in this 1 bed 1 Bathroom apartment.
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 309 Franklin is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 309 Franklin 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.
309 Franklin 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·10A 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.
309 Franklin stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
309 Franklin 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 309 Franklin does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
309 Franklin provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking 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 309 Franklin compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 1 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Waterloo
1-bedroom apartments at 309 Franklin cost about 16% less than the average rent price for 1-bedroom apartments in Waterloo.
Median rents as of Oct 11 2025.
Waterloo
| Month | Median Rent |
|---|---|
| October 2023 | $538 |
| November 2023 | $661 |
| December 2023 | $761 |
| 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 | $1,100 |
Affordability calculator
Can I afford to live at 309 Franklin St?
Bedrooms
1 bedroomRent-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
$21,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $21,800 annually to afford this 1-bedroom monthly rent price of $545.
For more information on rent affordability, visit our rent calculator.
Schools near 309 Franklin
Cunningham School
1224 mobile st
waterloo, IA, 50703
PK, K-5Public
C-
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Internet available near 309 Franklin
Getting around Waterloo near 309 Franklin St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 309 Franklin St, Waterloo
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
4/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
4/10
Few or no bars within walking distance
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