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Highlights

  • Pet Friendly
  • Urban lofts
  • Exciting amenities
  • Multi-story lofts

Location

325 E Park Ave, Waterloo, IA 50703, USA|Franklin Gateway
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Contact

Leasing office

(319) 264-8880

Property Overview

Park Avenue Lofts The Temple is a highly rated urban loft community, earning an overall 8.4/10 and perfect 10/10 scores for amenities, location, and quality, plus a 9/10 for trustworthiness. Its multi-story lofts, exciting amenities, and strong value per square foot are complemented by excellent access to grocery stores, sports facilities, and a top-rated high school, making it especially appealing for those prioritizing fitness, wellness, and work-from-home comfort with utilities included and ample natural light.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, Park Avenue Lofts The Temple is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, Park Avenue Lofts The Temple has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • High school nearby
  • Dishwasher

Great for

  • Work-from-home
  • Wellness

Floor plans

Studio W/O LaundryStudio1 bath404+ sqft$1,100 /mo3 units availableSNAPSHOT - Historic Preservation offers a unique design and layout you won't find anywhere else - 27 loft-style residential units, each one with its own design and character - On-site fitness center - Each unit features an open-concept layout with exposed masonry walls, bridge trusses, and concrete columns - Now offering a $0 deposit option BENEFITS – Garbage, lawn care, and snow removal included – Love pets? Your dog/cat is welcome! Read our Pet Policy. – Online payments accepted – Free online rental application SHOWINGS - Schedule an appointment and a Property Manager will walk through the unit with you Take the next step and reach out to us to schedule a showing. We are a locally owned, locally managed company with our own maintenance team. Our staff is ready to serve you!

Let's explore this property.

Amenities for Park Avenue Lofts The Temple

Apartment Amenities

GasWater

Appliances

DishwasherMicrowave
OvenRefrigerator
Stove/Oven

Building

Cats OKDogs OK
Fitness CenterOnsite Fitness Center
Onsite LaundrySewer

Grounds

Outdoor Space

Services

GarbageLawn Care
Snow Removal
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
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units27
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About Park Avenue Lofts The Temple

HomeApartments in WaterlooFranklin Gateway Park Avenue Lofts The Temple

Urban lofts with charm. Units at the The Temple will occupy multiple “stories” in order to retain the feeling of openness in the renovated spaces. Much of the character of this building is defined by the original steel bridge trusses, which remain exposed within the multi-story lofts. The exposed brick and original steel bring character unmatched in Downtown Waterloo. Historic renovation. As an existing historic building, the Masonic Temple occupies a significant architectural and contextual place in the story of Waterloo, Iowa. The craft and durability of its construction remain clear: fine brickwork and intricate detailing… plus a mysterious tradition filled with symbolism. This historic renovation brings this character to life in the individual apartments and community spaces. Space to thrive. Being a century-old four-story building presents opportunities to maximize the existing space with exciting tenant amenities. The Temple renovation was designed to offer an array of community areas, we are proud to partner with community non profits to offer them a home within this historic space!


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Park Avenue Lofts The Temple is a great option for renters. While some aspects, like Price, might not be as distinguished as other properties nearby, Park Avenue Lofts The Temple has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Park Avenue Lofts The Temple
Price·5A 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.
Monthly rent at Park Avenue Lofts The Temple is significantly more expensive than other properties in local neighborhoods. Because of the risk associated with the significant cost difference, this building received a 5/10. Some might think the increased cost is justified by the amenities, but it's worth taking a thorough look for yourself and deciding if any premium benefits are worth the extra expense.
Amenities·10A 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 Avenue Lofts The Temple stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Park Avenue Lofts The Temple offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
Park Avenue Lofts The Temple has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at Park Avenue Lofts The Temple.
Trustworthiness·9A 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 Avenue Lofts The Temple has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

Park Avenue Lofts The Temple is great for:

Work-from-home

  • High speed internet is an amenity
  • Large windows for natural lighting
  • Utilities included in the rent
  • 1 internet service provider option nearby

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • There are 14 grocery stores within 1 mile
  • 11 sports facilities (like tennis courts) nearby

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 Avenue Lofts The Temple compares to other nearby properties.

Positives

More space
The 1-bedroom is 826 sqft larger than other listings nearby
High school nearby
There is a high school 0.3 mile away
Dishwasher
Dishwasher available in kitchen
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors

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

studio apartments at Park Avenue Lofts The Temple cost about 8% less than the average rent price for studio apartments in Franklin Gateway.

Median rents as of May 2 2026.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
May 2024$764
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$700
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

Affordability calculator

Can I afford to live at 325 E Park Ave?

Bedrooms

Studio

Rent-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

$44,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this studio monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.

Schools near Park Avenue Lofts The Temple

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 Park Avenue Lofts The Temple

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 325 E Park Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 325 E Park Ave, Waterloo

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

4/10
Few or no bars within walking distance

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