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Cheap Apartments for Rent in Downtown Waterloo, Waterloo, IA

25 rentals

805 W 4th St - Photo 1 of 1

4d ago

7.7

Very good

805 W 4th St

805 W 4th St, Waterloo, IA 50702

Affordable

2 beds

1 bath

$650

Apartment for rent

711 South Street - Photo 1 of 1

5d+ ago

Cheap Church Row Historic townhouse for rent in Waterloo

711 South Street, Waterloo, IA 50701

Affordable

3 beds

1 bath

$675

House for rent

727 W Park - Photo 1 of 1

3d ago

8.8

Very good

727 W Park

727 West Park Avenue, Waterloo, IA 50701

Affordable

1 bed

1 bath

$675

Apartment for rent

W 7th St - Photo 1 of 1

2d ago

Cheap apartment for rent in Waterloo

W 7th St

1113 West 7th Street, Waterloo, IA 50702

Affordable

2 beds

1 bath

$675

Apartment for rent

723 - 723 1/2 South St - Photo 1 of 1

2d ago

8.4

Very good

723 - 723 1/2 South St

723 South Street, Waterloo, IA 50701

Affordable

1 bed

1 bath

$695

Apartment for rent

130 Sherwood Ct - Photo 1 of 1

1d ago

8.4

Very good

130 Sherwood Ct

130 Sherwood Ct, Waterloo, IA 50701

Affordable

1 bed

1 bath

$695

Apartment for rent

Nearby rental good for eco-living

Nearby rental good for pet owners

$695

Waterloo

120 Sherwood Ct - Photo 1 of 1

5d+ ago

8.6

Very good

120 Sherwood Ct

120 Sherwood Ct, Waterloo, IA 50701

Affordable | Outdoor space

1 bed

1 bath

$695

Apartment for rent

1838-1840 West 3rd - Photo 1 of 1

2d ago

8.3

Very good

1838-1840 West 3rd

1838 West 3rd Street, Waterloo, IA 50701

Affordable

2 beds

1 bath

$700

Apartment for rent

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225 - 231 Parkview Blvd - Photo 1 of 1

5d+ ago

8.3

Very good

225 - 231 Parkview Blvd

231 Parkview Boulevard, Waterloo, IA 50702

Affordable

1 bed

1 bath

$725

Apartment for rent

208 - 214 Parkview Blvd - Photo 1 of 1

3d ago

8.1

Very good

208 - 214 Parkview Blvd

214 Parkview Boulevard, Waterloo, IA 50702

Affordable

1 bed

1 bath

$725

Apartment 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.

$870

Common Grounds

$675

Church Row Historic

$700

Waterloo

$650

Church Row Historic

Pleasant St - Photo 1 of 1

2d ago

Cheap apartment for rent in Waterloo

Pleasant St

605 Pleasant Street, Waterloo, IA 50702

Affordable

2 beds

1 bath

$725

Apartment for rent

709 W 3rd St - Photo 1 of 1

2d ago

8.3

Very good

709 W 3rd St

709 West 3rd Street, Waterloo, IA 50701

Affordable

1 bed

1 bath

$745

Apartment for rent

422 Oaklawn Avenue - Photo 1 of 1

5d+ ago

Cheap Church Row Historic townhouse for rent in Waterloo

422 Oaklawn Avenue, Waterloo, IA 50701

Affordable | In-unit laundry | Outdoor space

2 beds

1 bath

$750

House for rent

Top amenities
In-Unit Laundry
1252 West Mullan Avenue - Photo 1 of 1

3d ago

Cheap Church Row Historic townhouse for rent in Waterloo

1252 West Mullan Avenue, Waterloo, IA 50701

Affordable | On-site laundry | Oven

2 beds

1 bath

$775

House for rent

Top amenities
On-Site Laundry
Le Chateau - Photo 1 of 1

3d ago

8.6

Very good

Le Chateau

733 733 - 747 Russell Road, Waterloo, IA 50701

Affordable | On-site laundry | Oven

2 beds

1 bath

$795–$850

Apartment for rent

Top amenities
On-Site Laundry
505 Wellington St - Photo 1 of 1

2d ago

8.6

Very good

505 Wellington St

505 Wellington Street, Waterloo, IA 50701

Affordable | Controlled access

2 beds

1 bath

$825

Apartment for rent

707 Logan Avenue - Photo 1 of 1

3d ago

Cheap Common Grounds house for rent in Waterloo

707 Logan Avenue, Waterloo, IA 50703

Affordable

3 beds

1 bath

$870

House for rent

740 Grant Avenue - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

740 Grant Avenue, Waterloo, IA 50702

Affordable

3 beds

1 bath

$950

House for rent

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310 Conger St - Photo 1 of 1

5d+ ago

Cheap Common Grounds house for rent in Waterloo

310 Conger St, Waterloo, IA 50703

Affordable | Garage parking

3 beds

1 bath

$975

House for rent

1127 W 7th St - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

1127 W 7th St, Waterloo, IA 50702

Affordable

3 beds

1 bath

$975

House for rent

Eastgate MHC, LLC - Photo 1 of 1

5d+ ago

8.5

Very good

Eastgate MHC, LLC

701 Eastgate Drive, Waterloo, IA 50703

Affordable | In-unit laundry | Dishwasher

2–3 beds

2 baths

$990–$1,090

House for rent

Top amenities
Air Conditioning
In-Unit Laundry
On-Site Laundry
1601 West 11th Street - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

1601 West 11th Street, Waterloo, IA 50702

Affordable

3 beds

1 bath

$1,225

$1,100

Price drop

House for rent

626 West 6th Street - Photo 1 of 1

5d+ ago

Cheap Church Row Historic house for rent in Waterloo

626 West 6th Street, Waterloo, IA 50702

Affordable

3 beds

1 bath

$1,100

House for rent

Park Avenue Lofts The Temple - Photo 1 of 1

17h ago

9

Excellent

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Verified

Park Avenue Lofts The Temple

325 E Park Ave, Waterloo, IA 50703

Affordable | On-site laundry | Dishwasher

Studio

1 bath

$1,100

Apartment for rent

Top amenities
Dishwasher
Microwave
On-Site Laundry

Call

628 Sycamore St - Photo 1 of 1

1d ago

8

Very good

628 Sycamore St

628 Sycamore St, Waterloo, IA 50703

Affordable

2 beds

2 baths

$1,200

Apartment for rent

Showing 1 - 25 of 25 results
Home > Apartments in Waterloo > Downtown Waterloo > Downtown Waterloo Cheap Apartments For Rent
Updated: December 6, 2025

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

💸Lowest price$650
🔑Available apartment rentals25
💰Best rent deal805 W 4th St
✨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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