3 Days Ago
Location
227 Independence Ave, Waterloo, IA 50703, USA
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Property Overview
227 Independence has received a strong Zumper Expert Rating, indicating its overall value in the market. Pros include a convenient location near a highly-rated high school, just 0.31 miles away. Notable features of the property enhance its appeal, making it an attractive option for prospective renters.
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
Elementary school nearby- High school nearby
- Middle 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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 4 |
|---|
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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.
7.3
/10
Very Good227 Independence 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·6A 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 is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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
- Elementary school nearby
- There is an elementary school 1 mile away
- High school nearby
- There is a high school 0.3 mile away
- Middle school nearby
- There is a middle 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 42% less than the average rent price for studio apartments in Waterloo.
Median rents as of Oct 18 2025.
Waterloo
| Month | Median Rent |
|---|---|
| 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 |
| June 2025 | $1,072 |
| July 2025 | $975 |
| August 2025 | $1,100 |
| September 2025 | $1,105 |
| October 2025 | $1,037 |
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
Explore the area around 227 Independence Ave
City of Waterloo-Public Market
327 W 3rd St
Balkan Grocery
1816 Williston Ave
S International Market
822 Laporte Rd
Guddi Mart
506 Byron Ave
Hy-Vee
2181 Logan Ave
Tricity
305 E 4th St
Tri City Clothing
305 E 4th St
Varsity Formal Wear
1216 Commercial St
Varsity Cleaners
216 W 11th St
Shoe Heaven
209 W 5th St
Sidecar Coffee
21 W Jefferson St
Fat Cup Coffee Company
37 Fletcher Ave
Starbucks
1501 E San Marnan Dr
Cabin Coffee
2040 Kimball Ave
Starbucks
2123 Kimball Ave
Edos Sports Bar LLC
110 E 11th St
Jameson's
310 E 4th St
Screaming Eagle American Bar
228 E 4th St
Daq King
632 Sycamore St
Cafe Bar Elite
1108 Jefferson St
Ajla's Bakery & Grocery
1206 W 9th St
Nothing Bundt Cakes
2775 Crossroads Blvd
Cakes By Isabel
129 Prospect Cir
Cakes & Bakes By Amber
Bambinos Sweet & Fluffy Cookie Creations LLC
1445 Ansborough Ave
La Michoacana Inc
1221 Franklin St
Dairy Queen
1229 Lafayette St
Hardee's
805 Franklin St
Jameson's
310 E 4th St
Screaming Eagle American Bar
228 E 4th St
Vinton St and Independence Ave
East - ORANGE
E 7th St and Franklin St (EB)
East - ORANGE
Human Services Campus
East - ORANGE, Crossroads/La Porte Road - TAN, Crossroads/West 11th Street - TAN
Lafayette Park
East - ORANGE, Crossroads/La Porte Road - TAN, Crossroads/West 11th Street - TAN
E 4th St and Lime St
East - ORANGE
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