5 Hours Ago
Location
128 Lafayette Street #3, Waterloo, Iowa 50703, United States|Franklin Gateway
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Property Overview
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
Floor plans
| 128 Lafayette Street, Unit 3 | 1 bed | 1 bath | 600 sqft | $650 /mo | 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 July 24, 2025. 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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Building details
Property details
| Year built | 1893 |
|---|---|
| Lease terms | 12+ months |
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About 128 Lafayette Street, Unit 3
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 July 24, 2025. 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 GoodWith 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.
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 building or unit level amenities. 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
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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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 Nov 29 2025.
Franklin Gateway
Waterloo
| Month | Median Rent |
|---|---|
| December 2023 | $828 |
| 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 |
| June 2025 | $1,072 |
| July 2025 | $975 |
| August 2025 | $1,100 |
| September 2025 | $1,105 |
| October 2025 | $991 |
| November 2025 | $841 |
| 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 128 Lafayette Street #3?
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
$26,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $26,000 annually to afford this 1-bedroom monthly rent price of $650.
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-
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Internet available near 128 Lafayette Street, Unit 3
Getting around Waterloo near 128 Lafayette Street #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 Street #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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