SNAPSHOT
- 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.
What sets this place apart?
Are pets allowed?
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Amenities for Park Avenue Lofts The Temple
Apartment Amenities
Gas
Water
Appliances
Dishwasher
Microwave
Oven
Refrigerator
Stove/Oven
Building
Cats OK
Dogs OK
Fitness Center
Onsite Fitness Center
Onsite Laundry
Sewer
Grounds
Outdoor Space
Services
Garbage
Lawn 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.
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.
9.6
/10
Excellent
Earning an outstanding 9.6 out of 10 overall rating, Park Avenue Lofts The Temple is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated Park Avenue Lofts The Temple
Price·9A 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 Avenue Lofts The Temple stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
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 201 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
Pet friendly
This property allows pets
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 3 2025.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
Month
Median Rent
May 2023
$512
June 2023
$500
July 2023
$490
August 2023
$550
September 2023
$610
October 2023
$593
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
A table of studio rental data trends in Franklin Gateway
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 325 E Park Ave?
Bedrooms
Studio
Rent-to-income ratio
30%
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Rent Special
Pet Friendly
