5+ Days Ago
Highlights
- Modern design
- Vibrant culture
- On and off-street parking
- Stunning downtown view
Location
302 Commercial St, Waterloo, IA 50701, USA|Downtown Waterloo
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Property Overview
Urban Lofts is a competitively priced option with strong overall ratings, including high marks for amenities, location, and trustworthiness, making it an appealing choice for many renters. Residents can enjoy a modern design, vibrant culture, convenient on- and off-street parking, and stunning downtown views, with public transportation available just over a mile away.
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
More space- High school nearby
- Dishwasher
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 901 sqft | $1,100 /mo | 1 unit available | Showings beginning 6/8/26 Welcome to the heart of downtown Waterloo, IA, where this beautifully renovated 1-bedroom, 1-bathroom apartment awaits you. This apartment offers a blend of comfort, style, and convenience. This building has a secured entry system, ensuring your peace of mind at all times. Leading up to the apartment, you're greeted with the convenience of elevator access, ensuring easy movement throughout the building. The apartment has been completely remodeled, featuring a modern design that complements the stunning downtown view. The larger bedrooms provide ample space for relaxation and personalization. As if it couldn't get any better, the location is unbeatable. Nestled among local boutiques and eateries, making it a perfect spot for those who love to explore the city's vibrant culture. This building also offers both on and off-street parking, adding to the convenience. Experience the best of downtown living in this renovated 2bd 1bth apartment! Tenants are responsible for all utilities. Unit photos may not be of actual unit and layout may differ. www mgtpm com 224 Byron Ave, Waterloo, IA 50701 (319) 242-3020 |
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Amenities for Urban Lofts
Apartment Amenities
| Dryer |
Appliances
| Dishwasher | Fridge |
| In-Unit Laundry | Range |
| Refrigerator | Stove |
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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 10 |
|---|
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About Urban Lofts
Showings beginning 6/8/26 Welcome to the heart of downtown Waterloo, IA, where this beautifully renovated 1-bedroom, 1-bathroom apartment awaits you. This apartment offers a blend of comfort, style, and convenience. This building has a secured entry system, ensuring your peace of mind at all times. Leading up to the apartment, you're greeted with the convenience of elevator access, ensuring easy movement throughout the building. The apartment has been completely remodeled, featuring a modern design that complements the stunning downtown view. The larger bedrooms provide ample space for relaxation and personalization. As if it couldn't get any better, the location is unbeatable. Nestled among local boutiques and eateries, making it a perfect spot for those who love to explore the city's vibrant culture. This building also offers both on and off-street parking, adding to the convenience. Experience the best of downtown living in this renovated 2bd 1bth apartment! Tenants are responsible for all utilities. Unit photos may not be of actual unit and layout may differ. www mgtpm com 224 Byron Ave, Waterloo, IA 50701 (319) 242-3020
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.
7.7
/10
Very GoodUrban Lofts is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
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, Urban Lofts 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·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.
Urban Lofts goes above and beyond to provide sought-after conveniences and desirable perks, including dishwasher. Renters looking for popular or luxurious features will find them here—and for that reason, Urban Lofts 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.
Urban Lofts 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·6A 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.
While Urban Lofts does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 Urban Lofts compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 301 sqft larger than other listings nearby
- High school nearby
- There is a high school 1 mile away
- Dishwasher
- Dishwasher available in kitchen
- Elevator
- Improved accessibility features
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Downtown Waterloo
1-bedroom apartments at Urban Lofts cost about 22% less than the average rent price for 1-bedroom apartments in Downtown Waterloo.
Median rents as of Jun 6 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| June 2024 | $1,100 |
| 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 |
| June 2026 | $613 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,200 |
| July 2024 | $1,300 |
| August 2024 | $1,260 |
| September 2024 | $1,200 |
| October 2024 | $1,200 |
| November 2024 | $1,200 |
| December 2024 | $1,200 |
| January 2025 | $1,200 |
| February 2025 | $1,200 |
| March 2025 | $1,200 |
| April 2025 | $1,200 |
| May 2025 | $1,200 |
| June 2025 | $1,200 |
| July 2025 | $1,200 |
| August 2025 | $1,200 |
| September 2025 | $1,200 |
| November 2025 | $1,200 |
| December 2025 | $1,200 |
| February 2026 | $1,200 |
| March 2026 | $1,200 |
| April 2026 | $1,200 |
Affordability calculator
Can I afford to live at 302 Commercial St?
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
$44,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 1-bedroom monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.
Schools near Urban Lofts
Irving Elementary School
1115 w 5th st
waterloo, IA, 50702
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 Urban Lofts
Getting around Waterloo near 302 Commercial St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 302 Commercial St, Waterloo
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
3/10
Some shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
3/10
At least one high school within a 30-minute walk
Nightlife
4/10
Few or no bars within walking distance
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