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modified
2 Days Ago

Highlights

  • Updated bathroom
  • Stove and fridge included
  • Coin operated laundry
  • On site

Location

227 Park Rd, Waterloo, IA 50703, USA|Franklin Gateway
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Floor plans

1BR/1.0BA1 bed1 bathRecently Remodeled 1 Bedroom, 1 Bathroom Apartment for Rent located at 227 Park Road in Waterloo. Updated bathroom, flooring and paint. Stove and fridge included. Tenant pays for electric only. Coin operated laundry on site. 1 year lease and deposit required. Rent: $550 Deposit: $550 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

Appliances

RangeRefrigerator
Stove

Other

Water, Sewer, & 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

Units6
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About Park Road Apartments

HomeApartments in WaterlooFranklin Gateway Park Road Apartments

Recently Remodeled 1 Bedroom, 1 Bathroom Apartment for Rent located at 227 Park Road in Waterloo. Updated bathroom, flooring and paint. Stove and fridge included. Tenant pays for electric only. Coin operated laundry on site. 1 year lease and deposit required. Rent: $550 Deposit: $550 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.
8.7
/10
Very Good
With a solid 8.7 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.
How we rated Park Road Apartments
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·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, Park Road 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.
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.

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Rent trends in Franklin Gateway

Median rents as of May 16 2026.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
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$696
April 2026$836
May 2026$733
A table of studio rental data trends in Franklin Gateway
MonthMedian Rent
June 2024$1,250
July 2024$1,225
August 2024$1,200
September 2024$1,200

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
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Internet available near Park Road Apartments

Neighborhood

Franklin Gateway | Waterloo, IA

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

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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