5+ Days Ago
Highlights
- Convenient location
- Downtown area
- Utilities included
Location
309 Franklin St, Waterloo, IA 50703, USA
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Property Overview
309 Franklin is a highly rated property with a Zumper expert score of 8.8, highlighting its excellent amenities and competitive pricing. Located conveniently in the downtown area, it offers easy access to public transport, top-rated schools, and shopping, enhancing the living experience. With included utilities and a strong value-for-money position, this property represents an attractive option for renters seeking a quality lifestyle.
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
Less expensive- High school nearby
- Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $525 /mo | 1 unit available | Welcome to 309 Franklin #5, a one-bedroom, one-bathroom apartment located in the heart of Waterloo, IA. This apartment offers a secured entry system, providing peace of mind and added safety for residents. The convenience of having utilities included in the rent makes this apartment a hassle-free living experience. The apartment's location is another highlight, as it is situated in a convenient downtown area, providing easy access to a variety of local amenities. The one-bedroom layout is perfect for those seeking a comfortable and cozy living space. Experience the ease and comfort of living at 309 Franklin, where convenience and security are part of the package. |
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Amenities for 309 Franklin
Apartment Amenities
| One Bathroom | One Bedroom |
| Utilities Included |
Appliances
| Fridge | Oven |
| Refrigerator |
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 5 |
|---|
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About 309 Franklin
Welcome to 309 Franklin #5, a one-bedroom, one-bathroom apartment located in the heart of Waterloo, IA. This apartment offers a secured entry system, providing peace of mind and added safety for residents. The convenience of having utilities included in the rent makes this apartment a hassle-free living experience. The apartment's location is another highlight, as it is situated in a convenient downtown area, providing easy access to a variety of local amenities. The one-bedroom layout is perfect for those seeking a comfortable and cozy living space. Experience the ease and comfort of living at 309 Franklin, where convenience and security are part of the package.
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
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 0.3 mile away
- Elementary school nearby
- There is an elementary school 1 mile away
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- 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 19% less than the average rent price for 1-bedroom apartments in Waterloo.
Median rents as of Mar 7 2026.
Waterloo
| Month | Median Rent |
|---|---|
| March 2024 | $612 |
| 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 |
| December 2025 | $666 |
| January 2026 | $600 |
| February 2026 | $692 |
| March 2026 | $600 |
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
$21,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $21,000 annually to afford this 1-bedroom monthly rent price of $525.
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-
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 309 Franklin
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 309 Franklin St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
7/10
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 309 Franklin St, Waterloo
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
1/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
4/10
Some bars within walking distance
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