Updated 2 Days Ago
Highlights
- Laundry in building
- Newly remodeled
- Garage stall
Location
3316 Midway Dr, Waterloo, IA 50701, USA
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Floor plans
| Midway Apartments - 7 | 1 bed | 1 bath | 528 sqft | $750 /mo | Welcome to Midway Apartments! This cute one-bedroom apartment is remodeled and ready! Enjoy your covered parking right outside the door and zero entry making it very accessible!!! Located on a quiet street on the Cedar Falls/Waterloo line. The location makes this property easy access for either direction in the Cedar Valley! |
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Policies and fees
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Applicants
One-time.
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Security Deposit
One-time.
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Building details
Property details
| Units | 1 |
|---|
About Midway Apartments
Welcome to Midway Apartments! This cute one-bedroom apartment is remodeled and ready! Enjoy your covered parking right outside the door and zero entry making it very accessible!!! Located on a quiet street on the Cedar Falls/Waterloo line. The location makes this property easy access for either direction in the Cedar Valley!
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Midway Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Midway Apartments 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·9A 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.
Midway Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, Midway Apartments 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.
Midway Apartments 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 Midway Apartments 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.
Midway Apartments 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 Midway Apartments compares to other nearby properties.
Considerations
- Greater distance from high schools
- The nearest high school is farther than 3.2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 0.8 miles away
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Rent trends in Waterloo
1-bedroom apartments at Midway Apartments cost about 13% more than the average rent price for 1-bedroom apartments in Waterloo.
Median rents as of Oct 17 2026.
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| September 2026 | $798 |
| October 2026 | $824 |
Affordability calculator
Can I afford to live at 3316 Midway Dr?
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
$30,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 1-bedroom monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.
Schools near Midway Apartments
Cedar Heights Elementary School
2417 rainbow dr
cedar falls, IA, 50613
PK, K-6Public
B
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
Neighborhood
Getting around Waterloo near 3316 Midway Dr
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
8/10
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
2/10
There are a few mass transit options within the area.
Points of interest for 3316 Midway Dr, Waterloo
Groceries
6/10
Variety of groceries within a short drive
Shopping
6/10
Variety of shops within a short drive
Cafes
3/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
6/10
At least one elementary school within a 15-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Nightlife
6/10
Wide variety of bars within a short drive, including some within walking distance
Explore the area around 3316 Midway Dr
Natural Grocers
5410 University Ave
Hy-Vee
6301 University Ave
Fareway
4500 S Main St
Walmart Supercenter
525 Brandilynn Blvd
ALDI
315 Brandilynn Blvd
Goodwill
4318 University Ave
Kohl's
5911 University Ave
Babies R Us at Kohl's
5911 University Ave
Goodwill Industries Of Northeast Iowa, Inc
2640 Falls Ave
Goodwill
2800 Falls Ave
Caribou Coffee at Hy-Vee
3700 University Ave
7 Brew Coffee
6003 University Ave
Dunkin'
6004 University Ave
Starbucks
6421 University Ave
Starbucks
6301 University Ave
Casey's 218 Pub
4014 University Ave
Care Hageman Enterprises LLC
3209 Loma St
Texas Roadhouse
5715 University Ave
Chasers Pub
3005 University Ave
Buzz's Bar
1016 Maynard Ave
Gourmet Garden Chinese Restaurant
5907 University Ave
Scratch Cup Cakery
6607 University Ave
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
Walmart Bakery
525 Brandilynn Blvd
Walmart Deli
525 Brandilynn Blvd
Valley High Drive Park
Valley View Park
Miriams Park
Castle Hill Park
River Hills Park
Other Place
4214 University Ave
Gravy's Diner
4129 University Ave
Pizza Ranch
4302 University Ave
Jimmy John's
703 Progress Ave
Godfather's Pizza
3811 University Ave
Midway Dr and University Ave (EB)
7
Cedarloo Shopping Area (WB)
6
Cedarloo Shopping Area (EB)
7
Hy-Vee Gas and McDonalds
6, 8
McDonalds and Hy-Vee Gas
7
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