5+ Days Ago
Highlights
- Conveniently located
- Furnished unit
- Utilities included
- Fully furnished unit
Location
227 Independence Ave, Waterloo, IA 50703, USA
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Property Overview
227 Independence is a competitively priced furnished unit with utilities included, achieving an impressive Zumper Expert Rating of 8.5 out of 10. It features exceptional amenities rated at 9 out of 10 and a prime location rated at 9 out of 10, providing easy access to nearby schools and a grocery store just over two miles away. Additionally, the property demonstrates transparency and trustworthiness with a rating of 7 out of 10, assuring potential renters of its quality and management.
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
High school nearby- Elementary school nearby
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $455 /mo | 1 unit available | Sleeping room located in the heart of Waterloo, IA. This furnished unit features 1 room and is perfect for those seeking a convenient and hassle-free living experience. With utilities included, residents can enjoy the ease of one monthly payment. The secured entry provides added peace of mind for our residents. Don't miss out on this opportunity to call this your new home. Contact us today to schedule a tour! |
Let's explore this property.
Amenities for 227 Independence
Apartment Amenities
| Furnished | One Bedroom |
| Utilities Included |
Appliances
| Fridge | Range |
| Refrigerator | Stove |
Building
| Controlled Access |
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 | 3 |
|---|
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About 227 Independence
Sleeping room located in the heart of Waterloo, IA. This furnished unit features 1 room and is perfect for those seeking a convenient and hassle-free living experience. With utilities included, residents can enjoy the ease of one monthly payment. The secured entry provides added peace of mind for our residents. Don't miss out on this opportunity to call this your new home. Contact us today to schedule a tour!
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.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 227 Independence is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 227 Independence 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·10A 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.
227 Independence offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
227 Independence goes above and beyond to provide sought-after conveniences and desirable perks, including controlled access. Renters looking for popular or luxurious features will find them here—and for that reason, 227 Independence 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.
227 Independence 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 227 Independence does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
227 Independence provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 227 Independence compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 mile away
- Elementary school nearby
- There is an elementary school 1 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Waterloo
studio apartments at 227 Independence cost about 24% less than the average rent price for studio apartments in Waterloo.
Median rents as of Jan 17 2026.
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $666 |
| January 2026 | $600 |
Affordability calculator
Can I afford to live at 227 Independence Ave?
Bedrooms
StudioRent-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
$18,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $18,200 annually to afford this studio monthly rent price of $455.
For more information on rent affordability, visit our rent calculator.
Schools near 227 Independence
Cunningham School
1224 mobile st
waterloo, IA, 50703
PK, K-5Public
C-
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Internet available near 227 Independence
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 227 Independence Ave
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
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 227 Independence Ave, Waterloo
Groceries
4/10
At least one grocery store within a 30-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
2/10
Few or no cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Nightlife
3/10
Few or no bars within walking distance
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