5+ Days Ago
Highlights
Pet Friendly
- Large off street parking lot
- Spacious 1 bedroom, 1 bathroom
Location
321 E 1st St, Waterloo, IA 50703, USA|Franklin Gateway
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Property Overview
321 E 1st St. receives a strong overall rating of 8.1 out of 10, highlighting its appeal to renters. Notable features like a large off-street parking lot and a spacious 1 bedroom, 1 bathroom unit complement its competitive pricing, which rates at 9 out of 10. The property excels in location with a rating of 9 out of 10 and offers impressive amenities rated at 8 out of 10, making it a standout choice in the market.
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
More space
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 645 sqft | $600 /mo | 1 unit available | Spacious 1 bedroom, 1 bathroom ground level apartment available immediately. Fridge, stove, water/sewer/garbage, and lawncare and snow removal included. Large off street parking lot behind unit. Tenant responsible for gas and electric. Some pets allowed with extra fees. We run a full criminal and eviction background. Applicants must make 3 times the monthly rent for monthly income and have a previous, good rental history to qualify. 319-224-0861 to schedule a viewing! |
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Amenities for 321 E 1st. St.
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 | 4 |
|---|
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About 321 E 1st. St.
Spacious 1 bedroom, 1 bathroom ground level apartment available immediately. Fridge, stove, water/sewer/garbage, and lawncare and snow removal included. Large off street parking lot behind unit. Tenant responsible for gas and electric. Some pets allowed with extra fees. We run a full criminal and eviction background. Applicants must make 3 times the monthly rent for monthly income and have a previous, good rental history to qualify. 319-224-0861 to schedule a viewing!
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.
8.1
/10
Very GoodWith a solid 8.1 out of 10 overall, 321 E 1st. St. is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 321 E 1st. St. 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.
321 E 1st. St. 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, 321 E 1st. 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.
321 E 1st. 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 321 E 1st. 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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 321 E 1st. St. compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 645 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
1-bedroom apartments at 321 E 1st. St. cost about 4% less than the average rent price for 1-bedroom apartments in Franklin Gateway.
Median rents as of Jan 24 2026.
Franklin Gateway
Waterloo
| Month | Median Rent |
|---|---|
| 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 | $666 |
| January 2026 | $600 |
| Month | Median Rent |
|---|---|
| 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
$24,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $24,000 annually to afford this 1-bedroom monthly rent price of $600.
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 supermarket within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
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 15-minute walk
Nightlife
4/10
Some bars within walking distance
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