3 Hours Ago
Location
321 E 1st St, Waterloo, IA 50703, USA|Franklin Gateway
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Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 645 sqft | $575 /mo | 1 unit available | Text 319-224-0861 to schedule a showing. Spacious 1 bedroom, 1 bathroom apartment for rent blocks from downtown Waterloo. Fridge, stove, lawn care and snow removal included. Large off street parking lot behind unit. Tenant responsible for gas and electric. Some pets MAY be allowed with extra charges. We run a full criminal and eviction record. Applicants must have a monthly income of 3 times the monthly rent and have a prior, good rental history to qualify. We do not accept section 8. Please have a deposit and application fee readily available when scheduling a showing. TEXT 319-224-0861 to schedule a showing. |
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Building details
Property details
| Units | 4 |
|---|
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About 321 E 1st. St.
Text 319-224-0861 to schedule a showing. Spacious 1 bedroom, 1 bathroom apartment for rent blocks from downtown Waterloo. Fridge, stove, lawn care and snow removal included. Large off street parking lot behind unit. Tenant responsible for gas and electric. Some pets MAY be allowed with extra charges. We run a full criminal and eviction record. Applicants must have a monthly income of 3 times the monthly rent and have a prior, good rental history to qualify. We do not accept section 8. Please have a deposit and application fee readily available when scheduling a showing. TEXT 319-224-0861 to schedule a showing.
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Rent trends in Franklin Gateway
1-bedroom apartments at 321 E 1st. St. cost about 12% less than the average rent price for 1-bedroom apartments in Franklin Gateway.
Median rents as of Oct 18 2025.
Franklin Gateway
Waterloo
| Month | Median Rent |
|---|---|
| November 2023 | $661 |
| December 2023 | $761 |
| 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 | $1,037 |
| Month | Median 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 321 E 1st 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
$23,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $23,000 annually to afford this 1-bedroom monthly rent price of $575.
For more information on rent affordability, visit our rent calculator.
Schools near 321 E 1st. St.
Cunningham School
1224 mobile st
waterloo, IA, 50703
PK, K-5Public
C-
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Internet available near 321 E 1st. St.
Getting around Waterloo near 321 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 321 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
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