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2 MONTHS FREE WITH A 12 MONTH LEASE!!! Units are going quick, don't miss out on this deal!!!

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Updated 1 Day Ago

Highlights

  • Rent Special
  • 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

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Management

Rent Cedar Valley

Our team has verified this company

Leasing office

(319) 264-8880

Property Overview

Park Avenue Lofts The Temple offers urban lofts, multi-story layouts, and exciting amenities, with a strong Zumper rating that points to a standout renter experience, value, location, and overall quality. It also stands out for work-from-home convenience, pet friendliness, and fitness and wellness features, along with useful nearby transit, schools, photos, and strong value per square foot.

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

9.0
Excellent
Park Avenue Lofts The Temple is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Location, which help to make this rental a great place to call home.

Things you’ll love

  • More space
  • High school nearby
  • Dishwasher

Great for

  • Wellness
  • Work-from-home

Floor plans

Studio W/O LaundryStudio1 bath404+ sqft$1,100 /mo5 units available****ONE MONTH FREE WITH A 12 MONTH LEASE**** - Unique historic preservation property with one-of-a-kind architecture and layouts - 27 loft-style residences, each with its own design and character - Open-concept floor plans featuring exposed masonry walls, bridge trusses, and concrete columns - On-site fitness center - Security deposit alternative option available - Garbage, lawn care, and snow removal included - Pet-friendly community - Online payments and online rental applications available - Locally owned and managed with an in-house maintenance team - Contact us today to schedule a showing with a Property Manager
The Masonic Temple - Studio with LaundryStudio1 bath404 sqft$1,150 /mo1 unit available

Let's explore this property.

Amenities for Park Avenue Lofts The Temple

Apartment Amenities

FreezerGas
Water

Appliances

DishwasherFridge
In-Unit LaundryMicrowave
OvenRefrigerator
Stove/OvenWasher and Dryer

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! Professionally managed by Rent Cedar Valley, an Iowa-based property management company offering rental housing throughout the Cedar Valley and surrounding regional markets. Browse our available apartments, homes, and student housing options to find the right fit for your next home.


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.
9.0
/10
Excellent
Park Avenue Lofts The Temple is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Location, which help to make this rental a great place to call home.
How we rated Park Avenue Lofts The Temple
Price·7A 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.
While the monthly rent is more than the median price per bedroom of nearby properties, Park Avenue Lofts The Temple has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
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:

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • On-site fitness or wellness programs
  • There are 14 grocery stores within 1 mile

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

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 281 sqft larger than other listings nearby
High school nearby
There is a high school 0.3 mile away
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
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 6% less than the average rent price for studios in Franklin Gateway.

Median rents as of Aug 29 2026.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
September 2024$1,183
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
June 2026$606
July 2026$825
August 2026$736
A table of studio rental data trends in Franklin Gateway
MonthMedian Rent
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

$45,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $45,000 annually to afford this studio median monthly rent price of $1,125.
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

7/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

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
Some bars within walking distance

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