Zumper
modified
Updated 3 Days Ago

Highlights

  • Modern appliances
  • In-unit laundry
  • Modern comfort
  • Off street parking
  • Updated kitchen
  • Pet-friendly

Location

301 E 3rd St, Waterloo, IA 50703, USA|Franklin Gateway
Hi! Let’s figure out if this property is right for you.

Powered by Zumper AI

Tour E 3rd St

Contact

Management

Caliber Group Property Management Co.

Leasing office

(319) 349-1984 ext. 2

Property Overview

E 3rd St combines modern appliances, in-unit laundry, an updated kitchen, off-street parking, and pet-friendly living with a strong amenity and location profile. It also offers notable value per square foot and convenient access to public transportation and a nearby high school, though a few features may still warrant a closer look.

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

7.4
Very Good
E 3rd St is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • More space
  • High school nearby

Floor plans

2BR/2.0BA2 bed2 bath1,154 sqft$1,500 /mo1 unit available!HALF OFF FIRST MONTHS RENT SPECIAL! PRICE DROP Step into modern comfort at 305 E 3rd St, a spacious and updated rental home in the heart of downtown Waterloo! This beautifully maintained property offers a perfect blend of charm, convenience, and value — ideal for families, professionals, or anyone seeking a stylish place to call home. 2 spacious bedrooms / 2 bathrooms Bright, open-concept living space Updated kitchen with modern appliances In-unit laundry Central heating & cooling Private yard & Garage, Off street parking Pet-friendly (inquire for details)

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units6
Advertisement

About E 3rd St

HomeApartments in WaterlooFranklin Gateway E 3rd St

!HALF OFF FIRST MONTHS RENT SPECIAL! PRICE DROP Step into modern comfort at 305 E 3rd St, a spacious and updated rental home in the heart of downtown Waterloo! This beautifully maintained property offers a perfect blend of charm, convenience, and value — ideal for families, professionals, or anyone seeking a stylish place to call home. 2 spacious bedrooms / 2 bathrooms Bright, open-concept living space Updated kitchen with modern appliances In-unit laundry Central heating & cooling Private yard & Garage, Off street parking Pet-friendly (inquire for details)


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.
7.4
/10
Very Good
E 3rd St is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated E 3rd St
Price·7A 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.
While the monthly rent is more than the median price per bedroom of nearby properties, E 3rd St has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·8A 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.
With multiple in-demand amenities, E 3rd St is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
E 3rd 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 E 3rd 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·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.
E 3rd St 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 E 3rd St compares to other nearby properties.

Positives

More space
The 2-bedroom is 90 sqft larger than other listings nearby
High school nearby
There is a high school 0.4 mile away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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 Franklin Gateway

Median rents as of Aug 29 2026.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
September 2024$1,183
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
June 2026$606
July 2026$825
August 2026$736
A table of studio rental data trends in Franklin Gateway
MonthMedian Rent
September 2024$1,200

Affordability calculator

Can I afford to live at 301 E 3rd St?

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

$60,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 2-bedrooms monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.

Schools near E 3rd St

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
Powered byniche.com
Advertisement

Internet available near E 3rd St

Neighborhood

Franklin Gateway | Waterloo, IA

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Waterloo near 301 E 3rd 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 301 E 3rd St, Waterloo

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

4/10
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

9/10
At least one elementary school within a 5-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 301 E 3rd St

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

Compare similar properties nearby

featured image of 402 Fast Ln

Twin Oaks Apartments

Our team has verified this company

402 Fast Ln

2–3 Beds

$1,800–$2,500

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 4711 University Ave

Falls Edge Studios

Our team has verified this company

4711 University Ave

1 Bed

$1,300

dogs and cats ok
Yes
dishwasher
No
in-unit laundry
Yes
featured image of 200 W 1st St

Arabella: 200 W 1st St

Our team has verified this company

200 W 1st St

1–2 Beds

$1,470–$1,900

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 1003 Bluegrass Cir

Willow Falls Apartments

Our team has verified this company

1003 Bluegrass Cir

2 Beds

$1,550–$1,600

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 804 804 - 806 Heartland Hills

804 804 - 806 Heartland Hills

3 Beds

$1,475

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 1867 Pinehurst Ct

1867 Pinehurst Ct

2 Beds

$1,200

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
No
featured image of 915 Forest Ave

915 Forest Ave

3 Beds

$1,050

dogs and cats ok
Yes
dishwasher
No
in-unit laundry
No
featured image of 230 W Hills Ln

230 W Hills Ln

2 Beds

$1,295

dogs and cats ok
Yes
dishwasher
No
in-unit laundry
No
featured image of 402 Fast Ln

Twin Oaks Apartments

Our team has verified this company

402 Fast Ln

2–3 Beds

$1,800–$2,500

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 4711 University Ave

Falls Edge Studios

Our team has verified this company

4711 University Ave

1 Bed

$1,300

dogs and cats ok
Yes
dishwasher
No
in-unit laundry
Yes
featured image of 200 W 1st St

Arabella: 200 W 1st St

Our team has verified this company

200 W 1st St

1–2 Beds

$1,470–$1,900

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 1003 Bluegrass Cir

Willow Falls Apartments

Our team has verified this company

1003 Bluegrass Cir

2 Beds

$1,550–$1,600

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 804 804 - 806 Heartland Hills

804 804 - 806 Heartland Hills

3 Beds

$1,475

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
Yes
featured image of 1867 Pinehurst Ct

1867 Pinehurst Ct

2 Beds

$1,200

dogs and cats ok
Yes
dishwasher
Yes
in-unit laundry
No
featured image of 915 Forest Ave

915 Forest Ave

3 Beds

$1,050

dogs and cats ok
Yes
dishwasher
No
in-unit laundry
No
featured image of 230 W Hills Ln

230 W Hills Ln

2 Beds

$1,295

dogs and cats ok
Yes
dishwasher
No
in-unit laundry
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 E 3rd St.