23 Hours 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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Property Overview
Park Road Apartments has received a strong Zumper expert rating of 8.3 out of 10, reflecting its high value for money and a competitive price rating of 8 out of 10. The property excels in amenities and location, earning ratings of 9 out of 10, while also demonstrating trustworthiness and quality with ratings of 7 and 8, respectively. Notable features include updated bathrooms, included appliances, and on-site coin-operated laundry, all contributing to an appealing living environment.
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
Less expensive
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $550 /mo | 1 unit available | Recently Remodeled 1 Bedroom, 1 Bathroom Apartment for Rent located at 229 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 |
Let's explore this property.
Amenities for Park Road Apartments
Apartment Amenities
| Gas | Water |
Appliances
| 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
Contact for more information on pet policy.
Building details
Property details
| Units | 6 |
|---|
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About Park Road Apartments
Recently Remodeled 1 Bedroom, 1 Bathroom Apartment for Rent located at 229 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.
8.9
/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
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Franklin Gateway
1-bedroom apartments at Park Road Apartments cost about 15% less than the average rent price for 1-bedroom apartments in Franklin Gateway.
Median rents as of Oct 11 2025.
Franklin Gateway
Waterloo
| Month | Median Rent |
|---|---|
| October 2023 | $538 |
| 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 | $1,100 |
| 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 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
$22,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $22,000 annually to afford this 1-bedroom monthly rent price of $550.
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-
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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
Explore the area around 227 Park Rd
City of Waterloo-Public Market
327 W 3rd St
Hy-Vee
2181 Logan Ave
Balkan Grocery
1816 Williston Ave
Guddi Mart
506 Byron Ave
S International Market
822 Laporte Rd
Family Dollar
611 Broadway St
Tricity
305 E 4th St
Tri City Clothing
305 E 4th St
Oh So in Boutique
221 W 4th St
Shoe Heaven
209 W 5th St
Sidecar Coffee
21 W Jefferson St
Fat Cup Coffee Company
37 Fletcher Ave
US Coffee & Tea
207 Ansborough Ave
Cabin Coffee
2040 Kimball Ave
Starbucks
2123 Kimball Ave
Brendas Park Road Inn
306 Park Rd
Jameson's
310 E 4th St
Screaming Eagle American Bar
228 E 4th St
Daq King
632 Sycamore St
Broken Record
315 W 4th St
Ajla's Bakery & Grocery
1206 W 9th St
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
Cakes By Isabel
129 Prospect Cir
Cakes & Bakes By Amber
Nothing Bundt Cakes
2775 Crossroads Blvd
Brendas Park Road Inn
306 Park Rd
Tortas Y Tacos Delvalle
602 Broadway St
Sookies Restaurant
506 Argyle St
2 Scoops Ice Cream Shop LLC
403 Franklin St
Pick Up N Go
548 Conger St
Oak Ave and Mulberry St
East - GREEN
Broadway St and Center St
East - GREEN
Walnut Court
East - GREEN
E 4th St and Lime St
East - ORANGE
Central Transfer
West - BLUE, Hawkeye Community College, West - RED, East - GREEN, East - ORANGE, Crossroads/La Porte Road - TAN, Crossroads/West 11th Street - TAN, Cedar Falls-UNI - YELLOW, Cedar Falls-Rainbow - YELLOW, West Loop - GREY
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