Zumper
modified
6 Hours Ago

Highlights

  • Modern fixtures
  • Modern conveniences
  • Ample storage space
  • Well-designed layout
  • Spacious bedroom
  • Comfortable retreat

Location

128 Lafayette St #3, Waterloo, IA 50703, USA|Franklin Gateway
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Contact

Management

Patrick Adams

Leasing office

(844) 325-1106 ext. 5624

Property Overview

128 Lafayette Street, Unit 3 offers strong overall value, backed by an 8.3 Zumper Expert Rating and standout marks for price, amenities, and location. It features modern fixtures and conveniences, ample storage, a well-designed layout, and a spacious bedroom that creates a comfortable retreat, while its value per square foot places it in the 75th percentile.

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.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 128 Lafayette Street, Unit 3 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 128 Lafayette Street, Unit 3 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space

Floor plans

128 Lafayette Street, Unit 31 bed1 bath600 sqft$700 /moNOTE: Pictures are temporary showing work in progress as we are upgrading the property. The Kitchen has also been painted gray and is in much better condition. Welcome to this charming 4plex unit located at 128 Lafayette Street in Waterloo, IA. Unit #3 offers a cozy living space with 600.0 sqft of living area, 2nd Floor unit, featuring 1 bedroom and 1 bathroom. This historic building, built in 1893, exudes character and charm while offering modern conveniences. The unit boasts a well-designed layout with plenty of natural light throughout. The kitchen is equipped with essential appliances and ample storage space. The bedroom is spacious and provides a comfortable retreat at the end of the day. The bathroom is well-appointed with modern fixtures. Located in a convenient neighborhood, this unit offers easy access to local amenities, dining options, and entertainment venues. Whether you enjoy a leisurely stroll in the neighborhood or prefer exploring the nearby parks, this location has something for everyone. This unit is available for a 12-month lease starting 4/30/26. Don't miss the opportunity to make this charming space your new home. Contact us today to schedule a viewing and experience all that this property has to offer.

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Amenities for 128 Lafayette Street, Unit 3

Apartment Amenities

Water

Appliances

Garbage DisposalRange/Oven
Refrigerator

Grounds

Storage
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
Building details

Property details

Year built1893
Lease terms12+ months
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About 128 Lafayette Street, Unit 3

HomeApartments in WaterlooFranklin Gateway 128 Lafayette Street, Unit 3

NOTE: Pictures are temporary showing work in progress as we are upgrading the property. The Kitchen has also been painted gray and is in much better condition. Welcome to this charming 4plex unit located at 128 Lafayette Street in Waterloo, IA. Unit #3 offers a cozy living space with 600.0 sqft of living area, 2nd Floor unit, featuring 1 bedroom and 1 bathroom. This historic building, built in 1893, exudes character and charm while offering modern conveniences. The unit boasts a well-designed layout with plenty of natural light throughout. The kitchen is equipped with essential appliances and ample storage space. The bedroom is spacious and provides a comfortable retreat at the end of the day. The bathroom is well-appointed with modern fixtures. Located in a convenient neighborhood, this unit offers easy access to local amenities, dining options, and entertainment venues. Whether you enjoy a leisurely stroll in the neighborhood or prefer exploring the nearby parks, this location has something for everyone. This unit is available for a 12-month lease starting 4/30/26. Don't miss the opportunity to make this charming space your new home. Contact us today to schedule a viewing and experience all that this property has to offer.


Year Built: 1893

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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 128 Lafayette Street, Unit 3 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 128 Lafayette Street, Unit 3 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 128 Lafayette Street, Unit 3
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.
128 Lafayette Street, Unit 3 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·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.
128 Lafayette Street, Unit 3 goes above and beyond to provide sought-after conveniences and desirable perks, including garbage disposal. Renters looking for popular or luxurious features will find them here—and for that reason, 128 Lafayette Street, Unit 3 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.
128 Lafayette Street, Unit 3 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 128 Lafayette Street, Unit 3 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 128 Lafayette Street, Unit 3 compares to other nearby properties.

Positives

More space
The 1-bedroom is 600 sqft larger than other listings nearby

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Rent trends in Franklin Gateway

1-bedroom apartments at 128 Lafayette Street, Unit 3 cost about 4% more than the average rent price for 1-bedroom apartments in Franklin Gateway.

Median rents as of Jun 20 2026.
Franklin Gateway
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
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$604
A table of studio rental data trends in Franklin Gateway
MonthMedian Rent
July 2024$1,225
August 2024$1,200
September 2024$1,200

Affordability calculator

Can I afford to live at 128 Lafayette St #3?

Bedrooms

1 bedroom

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

$28,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $28,000 annually to afford this 1-bedroom monthly rent price of $700.
For more information on rent affordability, visit our rent calculator.

Schools near 128 Lafayette Street, Unit 3

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 128 Lafayette Street, Unit 3

Getting around Waterloo near 128 Lafayette St #3

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

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

Points of interest for 128 Lafayette St #3, Waterloo

Groceries

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

Shopping

3/10
Some shops within walking distance

Cafes

2/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

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

High schools

6/10
At least one high school within a 15-minute walk

Nightlife

4/10
Some bars within walking distance

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