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Cheap Apartments for Rent in Downtown Waterloo, Waterloo, IA

25 rentals

608 Wellington St - Photo 1 of 1

5d+ ago

8.4

Very good

608 Wellington St

608 Wellington St, Waterloo, IA 50702

Affordable | On-site laundry | Controlled access

1 bed

1 bath

$600–$625

Apartment for rent

Top amenities
On-Site Laundry
727 W Park - Photo 1 of 1

5d+ ago

8.8

Very good

727 W Park

727 W Park Ave, Waterloo, IA 50701

Affordable

1 bed

1 bath

$625

Apartment for rent

130 Sherwood Ct - Photo 1 of 1

4d ago

8.4

Very good

130 Sherwood Ct

130 Sherwood Ct, Waterloo, IA 50701

Affordable

1 bed

1 bath

$650

Apartment for rent

805 W 4th St - Photo 1 of 1

1d ago

8.3

Very good

805 W 4th St

805 W 4th St, Waterloo, IA 50702

Affordable

2 beds

1 bath

$650

Apartment for rent

W 7th St - Photo 1 of 1

5d+ ago

8.3

Very good

W 7th St

1113 W 7th St, Waterloo, IA 50702

Affordable

1 bed

1 bath

$650

Apartment for rent

215 Baltimore St - Photo 1 of 1

4d ago

8.3

Very good

215 Baltimore St

215 Baltimore St, Waterloo, IA 50701

Affordable

1 bed

1 bath

$675

Apartment for rent

Nearby rental good for eco-living

Nearby rental good for pet owners

$795–$850

Waterloo

709 W 3rd St - Photo 1 of 1

11h ago

8.6

Very good

709 W 3rd St

709 W 3rd St, Waterloo, IA 50701

Affordable

1 bed

1 bath

$675

Price drop

Apartment for rent

Pleasant St - Photo 1 of 1

5d+ ago

8.3

Very good

Pleasant St

605 Pleasant St, Waterloo, IA 50702

Affordable

2 beds

1 bath

$675

Apartment for rent

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621 1/2 W 9th St - Photo 1 of 1

5d+ ago

Cheap apartment for rent in Waterloo

621 1/2 W 9th St, Waterloo, IA 50702

Affordable | Oven

2 beds

1 bath

$695

Apartment for rent

505 Wellington St - Photo 1 of 1

5d+ ago

8.6

Very good

505 Wellington St

505 Wellington St, Waterloo, IA 50701

Affordable | Controlled access

1–2 beds

1 bath

$695–$795

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.

$925

Waterloo

$695

Waterloo

$700

Waterloo

$650

Waterloo

1838-1840 West 3rd - Photo 1 of 1

5d+ 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

Le Chateau - Photo 1 of 1

14h ago

8.5

Very good

Le Chateau

733 733 - 747 Russell Road, Waterloo, IA 50701

Affordable | On-site laundry | Assigned parking

2 beds

1 bath

$795–$850

Apartment for rent

Top amenities
On-Site Laundry
200 Baltimore St - Photo 1 of 1

5d+ ago

Cheap Church Row Historic house for rent in Waterloo

200 Baltimore St, Waterloo, IA 50701

Affordable

2 beds

1 bath

$800

House for rent

406 Riehl St - Photo 1 of 1

4d ago

Cheap Common Grounds house for rent in Waterloo

406 Riehl St, Waterloo, IA 50703

Affordable | Garage parking | Outdoor space

2 beds

2 baths

$875

House for rent

Leavitt Park Apartments - Photo 1 of 1
3D tour

4d 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

$895–$920

Apartment for rent

Top amenities
In-Unit Laundry

Call

1009 South St - Photo 1 of 1

4d ago

Cheap house for rent in Waterloo

1009 South St, Waterloo, IA 50702

Affordable

2 beds

1 bath

$900

House for rent

310 Conger St - Photo 1 of 1

4d ago

Cheap Common Grounds house for rent in Waterloo

310 Conger St, Waterloo, IA 50703

Affordable | Garage parking

2 beds

1 bath

$900

House for rent

Leavitt Park Apartments - Photo 1 of 1
3D tour

5d+ ago

9.6

Excellent

Our team has verified this company

Verified

Leavitt Park Apartments

1024 Leavitt St, Waterloo, IA 50702

Affordable | Assigned parking | Air conditioning

2 beds

1 bath

$920

Apartment for rent

Top amenities
Assigned Parking

Call

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Leavitt Park Apartments - Photo 1 of 1
3D tour

4d ago

9.6

Excellent

Our team has verified this company

Verified

Leavitt Park Apartments

1014 Leavitt Street, Waterloo, IA 50702

Affordable | In-unit laundry | Assigned parking

2 beds

1 bath

$920

Apartment for rent

Top amenities
In-Unit Laundry

Call

740 Grant Ave - Photo 1 of 1

5d+ ago

Cheap house for rent in Waterloo

740 Grant Ave, Waterloo, IA 50702

Affordable

3 beds

1 bath

$925

House for rent

Park Avenue Lofts The Temple - Photo 1 of 1

14h 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–$1,600

Apartment for rent

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

Call

Art Bloc - Photo 1 of 1
Highly rated

4d ago

8.4

Very good

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

$1,100–$1,450

Apartment for rent

Top amenities
In-Unit Laundry

Call

Grand Crossing - Photo 1 of 1

16h 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 bath

$1,102–$1,700

Apartment for rent

Top amenities
Assigned Parking
Fitness Center
In-Unit Laundry
Microwave
Residents Lounge

Call

The Lofts at Grand Crossing - Photo 1 of 1

12h 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

$1,350–$1,750

Apartment for rent

Top amenities
Cable
Elevator
Fitness Center
In-Unit Laundry
Oven

Call

1651 W 11th St - Photo 1 of 1

4d ago

Cheap house for rent in Waterloo

1651 W 11th St, Waterloo, IA 50702

Affordable | Garage parking | Outdoor space

3 beds

1 bath

$1,500

House for rent

Showing 1 - 25 of 25 results
Home > Apartments in Waterloo > Downtown Waterloo > Downtown Waterloo Cheap Apartments For Rent
Updated: January 21, 2026

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

💸Lowest price$600
🔑Available apartment rentals25
💰Best rent deal608 Wellington 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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