5+ Days Ago
Highlights
- Large kitchen
- Spacious layout
- Bundled utilities
- Storage
Location
227 Independence Ave, Waterloo, IA 50703, USA
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Property Overview
227 Independence is highly rated with an expert rating of 8.5, reflecting its prime amenities, including a large kitchen and spacious layout. Its price rating of 9 out of 10 indicates excellent value for the competitive rent, while the location score of 9 out of 10 highlights nearby schools and public transport accessibility. Furthermore, notable features like bundled utilities and ample storage enhance the overall appeal, solidifying the property’s reputation as a trustworthy option for 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
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $585 /mo | 1 unit available | Apartment for rent in convenient Waterloo location — one-bedroom unit offering a spacious layout and a large kitchen ideal for meal preparation and storage. Utilities are included for simplified monthly budgeting. Situated in a convenient Waterloo location close to local services and transportation, this unit combines practical living space with the ease of bundled utilities. |
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Amenities for 227 Independence
Apartment Amenities
| Large Kitchen | Utilities Included |
Appliances
| Fridge | Oven |
| Refrigerator |
Neighborhood
| Convenient Location |
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
Apartment for rent in convenient Waterloo location — one-bedroom unit offering a spacious layout and a large kitchen ideal for meal preparation and storage. Utilities are included for simplified monthly budgeting. Situated in a convenient Waterloo location close to local services and transportation, this unit combines practical living space with the ease of bundled utilities.
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 Amenities— 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.
227 Independence 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·10A 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 stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
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·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 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
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Waterloo
1-bedroom apartments at 227 Independence cost about 12% less than the average rent price for 1-bedroom apartments in Waterloo.
Median rents as of Apr 11 2026.
Waterloo
| Month | Median Rent |
|---|---|
| April 2024 | $525 |
| 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 |
| February 2026 | $692 |
| March 2026 | $696 |
| April 2026 | $849 |
Affordability calculator
Can I afford to live at 227 Independence Ave?
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
$23,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $23,400 annually to afford this 1-bedroom monthly rent price of $585.
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-
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 227 Independence
Neighborhood
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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