1 Day Ago
Highlights
Pet Friendly
Location
2050 Rainbow Dr #2050, Waterloo, IA 50701, USA
Tour 2050 Rainbow Dr #2050
Contact
DWB Investments, LLC
Nearby rentals
Renter hub
Property management
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Amenities for 2050 Rainbow Dr #2050
Apartment Amenities
| Air Conditioning | Carpet |
| Ceiling Fan | Central Heat |
| Dryer | Heating |
| Mirrors | Washer |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Range |
| Refrigerator |
Tech
| Climate Control |
Building
| Cats OK | Dogs OK |
| Handrails | Onsite Laundry |
| Smoke-free |
Grounds
| Garage Parking |
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
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 2050 Rainbow Dr #2050
Enjoy this modern updated 2bd 1 bath located in the heart of the cedar valley. This split foyer offers 4 levels. 2 large bedrooms, tiled bathroom, real hardwood floors throughout the living room and kitchen, connected garage that stays heated year-round, an additional room that can be used as an office or maybe a gym, and the lowest level offers great storage and a washer and dryer. No smoking. Tenants pay utilities. Mowing is provided. Pet friendly. $50/month per pet. Please fill out the application below to move forward. https dwbinvestmentsllc managebuilding com Resident rental-application new
Address details
| Zip code | 50701 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Waterloo
2-bedroom apartments at 2050 Rainbow Dr #2050 cost about 47% more than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Jan 17 2026.
Waterloo
| Month | Median Rent |
|---|---|
| February 2024 | $750 |
| March 2024 | $770 |
| April 2024 | $806 |
| May 2024 | $850 |
| June 2024 | $842 |
| July 2024 | $867 |
| August 2024 | $879 |
| September 2024 | $875 |
| October 2024 | $850 |
| November 2024 | $850 |
| December 2024 | $850 |
| January 2025 | $848 |
| February 2025 | $843 |
| March 2025 | $860 |
| April 2025 | $865 |
| May 2025 | $845 |
| June 2025 | $857 |
| July 2025 | $870 |
| August 2025 | $862 |
| September 2025 | $850 |
| October 2025 | $850 |
| November 2025 | $850 |
| December 2025 | $837 |
| January 2026 | $816 |
Affordability calculator
Can I afford to live at 2050 Rainbow Dr #2050?
Bedrooms
2 bedroomsRent-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
$48,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 2-bedrooms monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.
Schools near 2050 Rainbow Dr #2050
Cedar Heights Elementary School
2417 rainbow dr
cedar falls, IA, 50613
PK, K-6Public
B
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Internet available near 2050 Rainbow Dr #2050
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Waterloo near 2050 Rainbow Dr #2050
Walking
3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 2050 Rainbow Dr #2050, Waterloo
Groceries
1/10
No grocery stores within walking distance
Shopping
3/10
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
6/10
At least one elementary school within a 20-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
2/10
Few or no bars within walking distance
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