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5+ Days Ago

Highlights

  • 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.

Zumper Expert Rating

8.0
Very Good
With a solid 8 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.

Things you’ll love

  • High school nearby

Floor plans

1BR/1.0BA1 bed1 bath645 sqftSpacious 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 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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Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units4
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About 321 E 1st. St.

HomeApartments in WaterlooFranklin Gateway 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 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.


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 Good
With a solid 8 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.
How we rated 321 E 1st. St.
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·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.
321 E 1st. St. 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 321 E 1st. St. compares to other nearby properties.

Positives

High school nearby
There is a high school 0.5 mile away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Franklin Gateway

Median rents as of Mar 14 2026.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
March 2024$575
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
February 2026$692
March 2026$600
A table of studio rental data trends in Franklin Gateway
MonthMedian Rent
March 2024$250
April 2024$250
June 2024$1,250
July 2024$1,225
August 2024$1,200
September 2024$1,200

Schools near 321 E 1st. St.

Cunningham School

1224 mobile st

waterloo, IA, 50703

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 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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