Zumper
modified
1 Day Ago

Highlights

  • All utilities included
  • Downtown area
  • Comfortable living space
  • Two spacious bedrooms
  • Well-appointed apartment

Location

309 Franklin Street, Waterloo, Iowa 50703, United States
Hi! Let’s figure out if this property is right for you.

Powered by Zumper AI

Tour 309 Franklin

Contact

Management

Caliber Group Property Management Co.

Leasing office

(319) 483-0004

Property Overview

309 Franklin offers an impressive overall rating of 8.8 by Zumper, highlighting its competitive pricing, excellent amenities, and convenient downtown location. Residents will enjoy a well-appointed apartment with all utilities included, two spacious bedrooms, and easy access to transportation, schools, and grocery options. The property stands out for its value for money, placing it in the top percentile compared to others in the area, while maintaining transparency about its features and management.

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.

Zumper Expert Rating

8.8
Very Good
With 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.

Things you’ll love

  • High school nearby
  • Less expensive

Floor plans

2BR/1.0BA2 bed1 bath$630 /mo2 units availableWelcome to this 2 Bedroom, 1 Bath Apartment, located in the heart of Waterloo, IA. This apartment offers a comfortable living space with two spacious bedrooms and a full bathroom. The apartment is designed to provide a convenient and hassle-free living experience, with all utilities included in the rent. The location is a major plus, as it is situated in the vibrant downtown area of Waterloo, putting you in close proximity to a variety of shops, restaurants, and entertainment venues. Experience the best of city living in this well-appointed apartment.

Let's explore this property.

Amenities for 309 Franklin

Apartment Amenities

One BathroomTwo Bedrooms
Two-BedroomUtilities Included

Appliances

FridgeOven
Refrigerator

Neighborhood

Convenient Downtown Location

Other

Utilties Included
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

Units5
Advertisement

About 309 Franklin

HomeApartments in Waterloo 309 Franklin

Welcome to this 2 Bedroom, 1 Bath Apartment, located in the heart of Waterloo, IA. This apartment offers a comfortable living space with two spacious bedrooms and a full bathroom. The apartment is designed to provide a convenient and hassle-free living experience, with all utilities included in the rent. The location is a major plus, as it is situated in the vibrant downtown area of Waterloo, putting you in close proximity to a variety of shops, restaurants, and entertainment venues. Experience the best of city living in this well-appointed 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 Good
With 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.
How we rated 309 Franklin
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 2-bedrooms are cheaper than other similar listings nearby

Considerations

Lacks images
Fewer than 10 photos available for this location

Get the latest listings anytime, anywhere

Receive similar listings in the area, download our app, and more.
Email*
By clicking submit, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values.

Rent trends in Waterloo

2-bedroom apartments at 309 Franklin cost about 26% less than the average rent price for 2-bedroom apartments in Waterloo.

Median rents as of Nov 29 2025.
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

Affordability calculator

Can I afford to live at 309 Franklin 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

$25,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $25,200 annually to afford this 2-bedrooms monthly rent price of $630.
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-
Powered byniche.com
Advertisement

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 Street

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 Street, 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

Compare similar properties nearby

featured image of 124 Earl Street

124 Earl St

124 Earl Street

2 Beds

$795

on-site laundry
Yes
dishwasher
Yes
dogs ok
No
featured image of 403 W 6th St

403 W 6th St, Cedar Falls, IA, 50613

403 W 6th St

2 Beds

$725

on-site laundry
No
dishwasher
No
dogs ok
No
featured image of 791 Russell Rd

791 Russell Rd

791 Russell Rd

2 Beds

$775

on-site laundry
No
dishwasher
No
dogs ok
Yes
featured image of 3719 West 9th Street

3719 W 9th St

3719 West 9th Street

1 Bed

$695

on-site laundry
No
dishwasher
No
dogs ok
No
featured image of 136 Earl Street

136 Earl St

136 Earl Street

2 Beds

$795

on-site laundry
Yes
dishwasher
Yes
dogs ok
No
featured image of 130 Sherwood Ct

130 Sherwood Ct

130 Sherwood Ct

1 Bed

$695

on-site laundry
No
dishwasher
No
dogs ok
No
featured image of 1150 Home Park Boulevard

1150 Home Park Blvd

1150 Home Park Boulevard

2 Beds

$795–$850

on-site laundry
Yes
dishwasher
Yes
dogs ok
No
featured image of 765 Russell Road

Meadow Ridge

765 Russell Road

1 Bed

$675

on-site laundry
Yes
dishwasher
No
dogs ok
No
featured image of 124 Earl Street

124 Earl St

124 Earl Street

2 Beds

$795

on-site laundry
Yes
dishwasher
Yes
dogs ok
No
featured image of 403 W 6th St

403 W 6th St, Cedar Falls, IA, 50613

403 W 6th St

2 Beds

$725

on-site laundry
No
dishwasher
No
dogs ok
No
featured image of 791 Russell Rd

791 Russell Rd

791 Russell Rd

2 Beds

$775

on-site laundry
No
dishwasher
No
dogs ok
Yes
featured image of 3719 West 9th Street

3719 W 9th St

3719 West 9th Street

1 Bed

$695

on-site laundry
No
dishwasher
No
dogs ok
No
featured image of 136 Earl Street

136 Earl St

136 Earl Street

2 Beds

$795

on-site laundry
Yes
dishwasher
Yes
dogs ok
No
featured image of 130 Sherwood Ct

130 Sherwood Ct

130 Sherwood Ct

1 Bed

$695

on-site laundry
No
dishwasher
No
dogs ok
No
featured image of 1150 Home Park Boulevard

1150 Home Park Blvd

1150 Home Park Boulevard

2 Beds

$795–$850

on-site laundry
Yes
dishwasher
Yes
dogs ok
No
featured image of 765 Russell Road

Meadow Ridge

765 Russell Road

1 Bed

$675

on-site laundry
Yes
dishwasher
No
dogs ok
No

Check availability

Full name*
Move-in date
Floor plan
By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by 309 Franklin.