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Location

328 E 1st St, Waterloo, IA 50703, USA|Franklin Gateway
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Management

Eagle View Partners

Leasing office

(319) 277-0007

Property Overview

328 E 1st Street has received a strong Zumper Expert Rating, reflecting its overall appeal. Pros include desirable amenities and a convenient location, while notable features enhance its unique charm. This property offers a well-rounded living experience with various attributes to suit diverse preferences.

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

8.2
Very Good
With a solid 8.2 out of 10 overall, 328 E 1st Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 328 E 1st Street has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space

Floor plans

2BR/1.0BA2 bed1 bath500 sqft$650 /mo1 unit availableDuplex, upper unit, two bedroom, one bathroom, available soon in downtown Waterloo, Iowa. Water and utilities included.

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

Units2
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About 328 E 1st Street

HomeApartments in WaterlooFranklin Gateway 328 E 1st Street

Duplex, upper unit, two bedroom, one bathroom, available soon in downtown Waterloo, Iowa. Water and utilities included.


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.
8.2
/10
Very Good
With a solid 8.2 out of 10 overall, 328 E 1st Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 328 E 1st Street has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 328 E 1st Street
Price·8A 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.
Scoring a 8/10, 328 E 1st Street is a great option for renters looking for apartments in Franklin Gateway. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.
328 E 1st Street 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.
328 E 1st Street 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 328 E 1st Street 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.
328 E 1st Street 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 328 E 1st Street compares to other nearby properties.

Positives

More space
The 2-bedroom is 500 sqft larger than other listings nearby

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Franklin Gateway

Median rents as of Dec 13 2025.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
December 2023$900
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
December 2025$725
A table of studio rental data trends in Franklin Gateway
MonthMedian Rent
December 2023$900
January 2024$900
March 2024$440
April 2024$250
June 2024$1,250
July 2024$1,225
August 2024$1,200
September 2024$1,200

Affordability calculator

Can I afford to live at 328 E 1st 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

$26,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this 2-bedrooms monthly rent price of $650.
For more information on rent affordability, visit our rent calculator.

Schools near 328 E 1st Street

Cunningham School

1224 mobile st

waterloo, IA, 50703

PK, K-5Public
C-
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Internet available near 328 E 1st Street

Getting around Waterloo near 328 E 1st St

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

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 328 E 1st St, Waterloo

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

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

High schools

7/10
At least one high school within a 20-minute walk

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 328 E 1st 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
Hy-Vee
2181 Logan Ave

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