Updated 5+ Days Ago
Location
227 Park Rd, Waterloo, IA 50703, USA|Franklin Gateway
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Property Overview
Park Road Apartments earns a strong Zumper Expert Rating of 8.9/10, with especially high marks for price, amenities, and location, plus solid quality and trustworthiness. It includes a stove and fridge, and its nearby grocery store and middle school add everyday convenience for renters seeking a well-rounded, value-oriented home.
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
Middle school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $575 /mo | 1 unit available | 1 Bedroom, 1 Bathroom Apartment for Rent located at 227 Park Road in Waterloo. Updated bathroom, flooring and paint. Stove and fridge included. Electric, garbage and sewer included. Monthly water fee of $40. Coin operated laundry on site. 1 year lease and deposit required. Rent: $575 Deposit: $575 Call Jill at 319-269-4450 for additional details. Submit applications online at www cedarvalley4rent com |
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Amenities for Park Road Apartments
Apartment Amenities
| Gas |
Appliances
| Electric | Range |
| Refrigerator | Stove |
Building
| Sewer |
Services
| Garbage |
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
Building details
Property details
| Units | 6 |
|---|
About Park Road Apartments
1 Bedroom, 1 Bathroom Apartment for Rent located at 227 Park Road in Waterloo. Updated bathroom, flooring and paint. Stove and fridge included. Electric, garbage and sewer included. Monthly water fee of $40. Coin operated laundry on site. 1 year lease and deposit required. Rent: $575 Deposit: $575 Call Jill at 319-269-4450 for additional details. Submit applications online at www cedarvalley4rent com
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.
8.9
/10
Very GoodWith a solid 8.9 out of 10 overall, Park Road Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Park Road 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·10A 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.
Park Road Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A 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.
Park Road Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including garbage. Renters looking for popular or luxurious features will find them here—and for that reason, Park Road Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park Road 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·8A 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.
Anyone looking for quality at a great value will find Park Road Apartments to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
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.
Park Road 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 Park Road Apartments compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1.0 miles away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1.0 miles away
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Rent trends in Franklin Gateway
1-bedroom apartments at Park Road Apartments cost about 8% less than the average rent price for 1-bedroom apartments in Franklin Gateway.
Median rents as of Oct 31 2026.
Franklin Gateway
Waterloo
| Month | Median Rent |
|---|---|
| November 2024 | $650 |
| December 2024 | $656 |
| January 2025 | $650 |
| February 2025 | $650 |
| March 2025 | $652 |
| April 2025 | $653 |
| May 2025 | $660 |
| June 2025 | $652 |
| July 2025 | $657 |
| August 2025 | $667 |
| September 2025 | $678 |
| October 2025 | $646 |
| November 2025 | $660 |
| December 2025 | $643 |
| January 2026 | $650 |
| February 2026 | $650 |
| March 2026 | $650 |
| April 2026 | $659 |
| May 2026 | $650 |
| June 2026 | $650 |
| July 2026 | $650 |
| August 2026 | $655 |
| September 2026 | $675 |
| October 2026 | $669 |
| Month | Median Rent |
|---|---|
| March 2025 | $647 |
| April 2025 | $635 |
| August 2025 | $700 |
| September 2025 | $650 |
| October 2025 | $646 |
| January 2026 | $625 |
| February 2026 | $625 |
| March 2026 | $625 |
| June 2026 | $675 |
| July 2026 | $825 |
| August 2026 | $740 |
| September 2026 | $647 |
| October 2026 | $625 |
Affordability calculator
Can I afford to live at 227 Park Rd?
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 Park Road Apartments
Becker Elementary School
1239 sheldon st
waterloo, IA, 50701
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
Neighborhood
Franklin Gateway | Waterloo, IA
Getting around Waterloo near 227 Park Rd
Walking
4/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Points of interest for 227 Park Rd, Waterloo
Groceries
3/10
At least one grocery store within a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
4/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
3/10
No elementary schools within a 30-minute walk
High schools
5/10
At least one high school within a 30-minute walk
Nightlife
4/10
Few or no bars within walking distance
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