What is an affordable apartment rental in Waterloo, IL?

An affordable apartment for rent in Waterloo, IL is one that is below the average price of apartment rentals in Waterloo. Currently, the average rental price in Waterloo is $1822 per month. An affordable apartment is one that is below that monthly price.

Am I able to afford a cheap apartment rental in Waterloo, IL?

To see if you can afford a cheap apartment rental in Waterloo, try our rent affordability calculator . Navigate to our Waterloo rent research page to learn more about Waterloo average rent prices .

Cheap Apartments for Rent in Waterloo, IL

25 rentals

Income restricted

11h ago

9.5

Excellent

Verified

Lofts on the Square

16 S Illinois St, Belleville, IL 62220

Affordable

1–2 beds

1 bath

$639–$900

Apartment for rent

Available May 3

Call

Sylvan Springs Senior Apartments - Photo 1 of 1

Income restricted

1d ago

9.7

Excellent

Verified

Sylvan Springs Senior Apartments

515 Franru Ln, Mehlville, MO 63125

Affordable

1–2 beds

1 bath

$739–$976

Price drop

Apartment for rent

Available Feb 1

Call

Metro Landing of Swansea 55+ - Photo 1 of 1

Income restricted

Age restricted

1d ago

9.7

Excellent

Verified

Metro Landing of Swansea 55+

228 Metro Way, Belleville, IL 62226

Affordable | On-site management | Fitness center

1–2 beds

1 bath

$740–$885

Apartment for rent

Available Jul 1

Top amenities

On-Site Management

Wheelchair Accessible

Call

3D tour

5d+ ago

9.9

Excellent

Verified

Evergreen Manor

3456 Evergreen Ln Apt A, Mehlville, MO 63125

Affordable | On-site laundry | Dishwasher

2 beds

1 bath

$790

Apartment for rent

Top amenities

Central Heat

On-Site Laundry

Oven

Swimming Pool

Call

Rent special

3d ago

9.7

Excellent

Verified

Kingston Apartments

274 Kingston Dr Apt B, Lemay, MO 63125

Affordable | In-unit laundry | Assigned parking

Studio–2 beds

1 bath

$849–$1,149

Apartment for rent

Top amenities

Air Conditioning

In-Unit Laundry

On-Site Laundry

On-Site Management

Call

3D tour

2d ago

9.9

Excellent

Verified

The Gentry's Landing

400 North 4th Street, St. Louis, MO 63102

Affordable | On-site laundry | Garage parking

Studio–2 beds

1–2 baths

$855–$3,254

Apartment for rent

Available Apr 4

Top amenities

Business Center

Controlled Access

High Ceilings

On-Site Management

Storage

Swimming Pool

Call

Nearby rental good for eco-living

$639–$900

Belleville

Nearby rental good for pet owners

$1,375–$2,275

Brentwood

5d+ ago

Cheap Benton Park West apartment for rent in St. Louis

3259 Oregon Ave, St. Louis, MO 63118

Affordable | Hardwood floor | Fireplace

2 beds

1 bath

$1,000

Apartment for rent

3d ago

Cheap apartment for rent in Columbia

Newly Renovated Ground Level 1 Bedroom 1bathroom

521 S Main St #1B, Columbia, IL 62236

Affordable | In-unit laundry | Assigned parking

1 bed

1 bath

$1,100

Apartment for rent

Available Jul 1

Top amenities

Assigned Parking

Dishwasher

In-Unit Laundry

On-Site Laundry

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5d+ ago

Cheap Gravois Park house for rent in St. Louis

3534 Nebraska Ave, St. Louis, MO 63118

Affordable | Storage | Hardwood floor

2 beds

1 bath

$1,100

House for rent

Top amenities

Air Conditioning

High Ceilings

Storage

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3737 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,115

Apartment for rent

Find sweet deals near Waterloo

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

$790

Mehlville

$1,049–$1,149

Lemay

$639–$900

Belleville

$740–$885

Belleville

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3717 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,115

Apartment for rent

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3661 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,115

Apartment for rent

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3659 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,115

Apartment for rent

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3647 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,115

Apartment for rent

5d+ ago

Cheap apartment for rent in Columbia

$1,125 Large Loft

418 S Main St, Columbia, IL 62236

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$1,125

Apartment for rent

Available Jun 1

Top amenities

In-Unit Laundry

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3765 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,225

Apartment for rent

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3711 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,225

Apartment for rent

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3723 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,225

Apartment for rent

5d+ ago

Cheap Dutchtown South apartment for rent in St. Louis

3709 Delor St, St. Louis, MO 63116

Affordable | Outdoor space | Oven

2 beds

1.5 baths

$1,225

Apartment for rent

Rent special

7h ago

9.9

Excellent

Verified

Villas at Brentwood

1800 S Brentwood Blvd, Brentwood, MO 63144

Affordable | In-unit laundry | Garage parking

1–3 beds

1–2 baths

$1,375–$2,275

Apartment for rent

Top amenities

Business Center

Elevator

Fitness Center

Garage Parking

Swimming Pool

Wheelchair Accessible

Call

5d+ ago

Cheap Webster Groves apartment for rent in Webster Groves

**Anic Groves**Updated Modern Spacious One Bedroom**In Unit Laundry**

8717 Watson Rd, Webster Groves, MO 63119

Affordable | In-unit laundry | Garage parking

1 bed

1 bath

$1,395

Apartment for rent

Top amenities

Garage Parking

In-Unit Laundry

Microwave

Storage

5d+ ago

Cheap townhouse for rent in Waterloo

315 Hannah Dr, Waterloo, IL 62298

Affordable | Garage parking | On-site management

3 beds

2 baths

$1,695

House for rent

Available May 28

Top amenities

Carpet

Ceiling Fan

Garage Parking

On-Site Laundry

On-Site Management

5d+ ago

Cheap house for rent in Waterloo

Single Family Residence - Waterloo, IL

405 N Moore St, Waterloo, IL 62298

Affordable | Garage parking | Hardwood floor

3 beds

2 baths

$1,895

House for rent

5d+ ago

Cheap Downtown St. Louis condo for rent in St. Louis

314 N Broadway, St. Louis, MO 63102

Affordable | In-unit laundry | Dishwasher

1 bed

1 bath

$1,950

Condo for rent

Top amenities

Controlled Access

In-Unit Laundry

Swimming Pool

5d+ ago

Cheap Millstadt house for rent in Millstadt

Single Family Residence - Millstadt, IL

301 W Laurel St, Millstadt, IL 62260

Affordable | In-unit laundry | Dishwasher

3 beds

3 baths

$2,200

House for rent

Top amenities

Hardwood Floor

In-Unit Laundry

Showing 1 - 25 of 25 results

Home > Apartments in Waterloo > Waterloo Cheap Apartments For Rent

Updated: June 2, 2026

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💸Lowest price	$639
🔑Available apartment rentals	25
💰Best rent deal	16 S Illinois St
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Cheap Apartments for Rent in Waterloo, IL

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