Updated 5+ Days Ago
Highlights
Pet Friendly
- Laundry room on site
- Ongoing renovations
Location
215 1/2 E 5th St, Waterloo, IA 50703, USA
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Property Overview
215 1/2 East 5th Street Apartments offers a strong overall value with an 8 out of 10 expert rating, supported by a 9 out of 10 price rating, 8 out of 10 amenities rating, and 9 out of 10 location rating. Notable features include an on-site laundry room and ongoing renovations, while the 7 out of 10 trustworthiness rating suggests a clear and detailed property description.
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
High school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $700 /mo | 2 units available | Now Available – Charming 1-Bedroom Apartment in Downtown Waterloo! Live in the heart of downtown Waterloo in a historic building that is currently being transformed with exciting interior and exterior renovations, blending classic character with fresh updates. Apartment Features: 1 bedroom Prime downtown location Historic building with ongoing renovations Laundry room on site Utilities: Tenant pays electricity and gas Landlord pays water, sewer, and garbage Rent: $700/month Security Deposit: $700 Pets: Cats and other small pets are welcome with an additional pet fee. No dogs permitted. Apply today! Once your application is approved, we'll contact you to schedule a showing. |
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Amenities for 215 1/2 East 5th Street Apartments
Building
| Cats OK | Dogs OK |
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
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 6 |
|---|
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About 215 1/2 East 5th Street Apartments
Now Available – Charming 1-Bedroom Apartment in Downtown Waterloo! Live in the heart of downtown Waterloo in a historic building that is currently being transformed with exciting interior and exterior renovations, blending classic character with fresh updates. Apartment Features: 1 bedroom Prime downtown location Historic building with ongoing renovations Laundry room on site Utilities: Tenant pays electricity and gas Landlord pays water, sewer, and garbage Rent: $700/month Security Deposit: $700 Pets: Cats and other small pets are welcome with an additional pet fee. No dogs permitted. Apply today! Once your application is approved, we'll contact you to schedule a showing.
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, 215 1/2 East 5th Street Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 215 1/2 East 5th Street 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.
215 1/2 East 5th Street 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, 215 1/2 East 5th Street 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.
215 1/2 East 5th Street 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 215 1/2 East 5th Street 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.
215 1/2 East 5th Street 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 215 1/2 East 5th Street Apartments compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
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Rent trends in Waterloo
1-bedroom apartments at 215 1/2 East 5th Street Apartments cost about 8% more than the average rent price for 1-bedroom apartments in Waterloo.
Median rents as of Jul 18 2026.
Waterloo
| Month | Median Rent |
|---|---|
| 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 | $696 |
| April 2026 | $836 |
| May 2026 | $700 |
| June 2026 | $606 |
| July 2026 | $849 |
Affordability calculator
Can I afford to live at 215 1/2 E 5th 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
$28,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $28,000 annually to afford this 1-bedroom monthly rent price of $700.
For more information on rent affordability, visit our rent calculator.
Schools near 215 1/2 East 5th Street Apartments
Lowell Elementary School
1628 washington st
waterloo, IA, 50702
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 215 1/2 East 5th Street Apartments
Neighborhood
Getting around Waterloo near 215 1/2 E 5th St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
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 215 1/2 E 5th St, Waterloo
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
6/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
3/10
Some cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
9/10
Wide variety of bars within a few minutes' walk
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