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Cheap Apartments for Rent in Downtown Waterloo, Waterloo, IA

25 rentals

516 - 518 W 6th St - Photo 1 of 1

4d ago

8.4

Very good

516 - 518 W 6th St

516 516 - 518 W 6th St, Waterloo, IA 50701

Affordable

1 bed

1 bath

$600

Apartment for rent

609 Wellington Ct - Photo 1 of 1

5d+ ago

8.5

Very good

609 Wellington Ct

609 Wellington Ct, Waterloo, IA 50702

Affordable | Balcony

1 bed

1 bath

$600

Apartment for rent

209 Baltimore St. - Photo 1 of 1

5d+ ago

8.5

Very good

209 Baltimore St.

209 Baltimore St, Waterloo, IA 50701

Affordable | Air conditioning

1 bed

1 bath

$640

Apartment for rent

Mullan Townhomes - Photo 1 of 1

1d ago

8.8

Very good

Mullan Townhomes

Mullan Townhomes, Waterloo, IA 50701

Affordable | On-site laundry | Storage

2 beds

1 bath

$695–$725

Price drop

Apartment for rent

Top amenities
On-Site Laundry
Storage
1838-1840 West 3rd - Photo 1 of 1

5d+ ago

8.3

Very good

1838-1840 West 3rd

1838 W 3rd St, Waterloo, IA 50701

Affordable

2 beds

1 bath

$700

Apartment for rent

1515 1/2 Franklin St - Photo 1 of 1

1d ago

Cheap apartment for rent in Waterloo

1515 1/2 Franklin St, Waterloo, IA 50703

Affordable | Outdoor space

2 beds

1 bath

$750

Apartment for rent

Nearby rental good for eco-living

Nearby rental good for pet owners

1254 W Mullan Ave - Photo 1 of 1

5d+ ago

Cheap Church Row Historic townhouse for rent in Waterloo

1254 W Mullan Ave, Waterloo, IA 50701

Affordable | On-site laundry | Oven

2 beds

1 bath

$775

House for rent

Top amenities
On-Site Laundry
1004 W 5th St - Photo 1 of 1

5d+ ago

Cheap Church Row Historic house for rent in Waterloo

1004 W 5th St, Waterloo, IA 50702

Affordable

2 beds

1 bath

$795

House for rent

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2304 Lafayette St - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

2304 Lafayette St, Waterloo, IA 50703

Affordable

2 beds

1 bath

$825

House for rent

1122 Steely St - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

1122 Steely St, Waterloo, IA 50703

Affordable

2 beds

1 bath

$895

House for rent

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Find sweet deals near Downtown Waterloo

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$695–$725

Waterloo

$700

Waterloo

$600

Waterloo

406 Riehl St - Photo 1 of 1

5d+ ago

Cheap Common Grounds house for rent in Waterloo

406 Riehl St, Waterloo, IA 50703

Affordable | Garage parking | Outdoor space

2 beds

2 baths

$900

House for rent

815 W 1st St - Photo 1 of 1

2d ago

Cheap Church Row Historic house for rent in Waterloo

815 W 1st St, Waterloo, IA 50701

Affordable

3 beds

1.5 baths

$900

House for rent

Leavitt Park Apartments - Photo 1 of 1
3D tour

1d ago

9.6

Excellent

Our team has verified this company

Verified

Leavitt Park Apartments

1014 Leavitt St, Waterloo, IA 50702

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$920–$1,200

Apartment for rent

Top amenities
Air Conditioning
Assigned Parking
In-Unit Laundry
Microwave

Call

Leavitt Park Apartments - Photo 1 of 1
3D tour

5d+ ago

9.6

Excellent

Our team has verified this company

Verified

Leavitt Park Apartments

1008 Leavitt St, Waterloo, IA 50702

Affordable | In-unit laundry | Air conditioning

2 beds

1 bath

$920

Apartment for rent

Top amenities
Controlled Access
In-Unit Laundry

Call

Urban Lofts - Photo 1 of 1

1d ago

8.3

Very good

Urban Lofts

302 Commercial St, Waterloo, IA 50701

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$930

Apartment for rent

Top amenities
In-Unit Laundry
632 Sycamore St - Photo 1 of 1

5d+ ago

Cheap apartment for rent in Waterloo

1BR/1.0BA

632 Sycamore St, Waterloo, IA 50703

Affordable

1 bed

1 bath

$1,000

Apartment for rent

510 Baltimore St - Photo 1 of 1

5d+ ago

Cheap Church Row Historic house for rent in Waterloo

510 Baltimore St, Waterloo, IA 50702

Affordable | Deck

3 beds

1 bath

$1,100

House for rent

Park Avenue Lofts The Temple - Photo 1 of 1

5d+ ago

8.4

Very good

Our team has verified this company

Verified

Park Avenue Lofts The Temple

325 E Park Ave, Waterloo, IA 50703

Affordable | In-unit laundry | Dishwasher

Studio

1 bath

$1,100–$1,400

Apartment for rent

Top amenities
Dishwasher
In-Unit Laundry
On-Site Laundry
Oven

Call

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1214 W 9th St - Photo 1 of 1

1d ago

Cheap house for rent in Waterloo

Affordable

2 beds

2 baths

$1,100

House for rent

Art Bloc - Photo 1 of 1
Highly rated

14h ago

9

Excellent

Our team has verified this company

Verified

Art Bloc

335 Cedar St, Waterloo, IA 50701

Affordable | In-unit laundry | Dishwasher

Studio–1 bed

1 bath

$1,110–$1,800

Apartment for rent

Top amenities
In-Unit Laundry
Oven

Call

1109 Bertch Ave #1 - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

1109 Bertch Avenue - 1

1109 Bertch Ave #1, Waterloo, IA 50702

Affordable

3 beds

1 bath

$1,200

House for rent

Available May 1

1427 West 2nd Street - Photo 1 of 1

8h ago

Our team has verified this company

Verified

1427 West 2nd Street, Waterloo, IA 50701

Affordable | Storage | Hardwood floor

3 beds

1 bath

$1,250

House for rent

Available Jun 1

Top amenities
Air Conditioning
Central Heat
Grand Crossing - Photo 1 of 1

1d ago

8.4

Very good

Our team has verified this company

Verified

Grand Crossing

45 W Jefferson St, Waterloo, IA 50701

Affordable | In-unit laundry | Assigned parking

1–2 beds

1–2 baths

$1,360–$2,500

Apartment for rent

Top amenities
Assigned Parking
In-Unit Laundry
Microwave
Residents Lounge

Call

The Lofts at Grand Crossing - Photo 1 of 1

1d ago

8.4

Very good

Our team has verified this company

Verified

The Lofts at Grand Crossing

21 W Jefferson St, Waterloo, IA 50701

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$1,360–$1,800

Apartment for rent

Top amenities
Cable
Fitness Center
In-Unit Laundry
Oven
Residents Lounge

Call

E 3rd St - Photo 1 of 1

3d ago

7.5

Very good

E 3rd St

301 E 3rd St, Waterloo, IA 50703

Affordable

2 beds

2 baths

$1,500

Apartment for rent

Showing 1 - 25 of 25 results
Home > Apartments in Waterloo > Downtown Waterloo > Downtown Waterloo Cheap Apartments For Rent
Updated: April 23, 2026

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Looking for cheap apartments in Downtown Waterloo, Waterloo, IA near you?

💸Lowest price$600
🔑Available apartment rentals25
💰Best rent deal609 Wellington Ct
✨Popular amenities, ,
🍽With dishwasher
🏠With photos

For more in depth rent prices, check out our Downtown Waterloo, Waterloo, IA rent data, which covers average and median rents in Downtown Waterloo, Waterloo, IA.

To know how much rent you can afford in Downtown Waterloo, Waterloo, IA, use our rent affordability calculator.

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