Zumper
modified
5+ Days Ago

Highlights

  • Convenient location
  • Spacious layout
  • Easy access

Location

1838 West 3rd Street, Waterloo, Iowa 50701, United States
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Tour 1838-1840 West 3rd

Contact

Management

Caliber Group Property Management Co.

Leasing office

(319) 595-4308 ext. 2

Property Overview

1838-1840 West 3rd receives a strong Zumper expert rating of 8.3, reflecting its appeal for renters, bolstered by an exceptional price rating of 10 out of 10 indicating great value and competitive pricing. The property's notable features include a convenient location, spacious layout, and easy access, complemented by impressive amenities and a high location rating of 9. Overall, it ranks in the 97.22 percentile for value for money and the 100 percentile for value per square foot compared to similar properties in the area.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 1838-1840 West 3rd is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1838-1840 West 3rd has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Less expensive

Floor plans

2BR/1.0BA2 bed1 bath1,770 sqft$700 /mo1 unit available1/2 OFF FIRST MONTHS RENT SPECIAL- WITH LEASE SIGNING BEFORE 11/30/2025. This 2bd 1ba apartment for rent is a part of a 4-PLEX. The apartment is located on the lower level, providing easy access and convenience. Inside, you'll find a spacious layout with two bedrooms and a full bathroom, perfect for comfortable living. The highlight of this apartment is the kitchen, which features a stylish and functional island, perfect for meal prep or casual dining. This apartment combines practicality and style, making it a great place to call home. Come and experience the comfort and convenience of this 2bd 1ba apartment for yourself!

Let's explore this property.

Amenities for 1838-1840 West 3rd

Apartment Amenities

Kitchen Island

Other

Lower Level
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
Building details

Property details

Units3
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About 1838-1840 West 3rd

HomeApartments in Waterloo 1838-1840 West 3rd

1/2 OFF FIRST MONTHS RENT SPECIAL- WITH LEASE SIGNING BEFORE 11/30/2025. This 2bd 1ba apartment for rent is a part of a 4-PLEX. The apartment is located on the lower level, providing easy access and convenience. Inside, you'll find a spacious layout with two bedrooms and a full bathroom, perfect for comfortable living. The highlight of this apartment is the kitchen, which features a stylish and functional island, perfect for meal prep or casual dining. This apartment combines practicality and style, making it a great place to call home. Come and experience the comfort and convenience of this 2bd 1ba apartment for yourself!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 1838-1840 West 3rd is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 1838-1840 West 3rd has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 1838-1840 West 3rd
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
1838-1840 West 3rd offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 1838-1840 West 3rd is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
1838-1840 West 3rd is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 1838-1840 West 3rd does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
1838-1840 West 3rd provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 1838-1840 West 3rd compares to other nearby properties.

Positives

More space
The 2-bedroom is 919 sqft larger than other listings nearby
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

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Rent trends in Waterloo

2-bedroom apartments at 1838-1840 West 3rd cost about 15% less than the average rent price for 2-bedroom apartments in Waterloo.

Median rents as of Jan 31 2026.
Waterloo
A table of studio rental data trends in Waterloo
MonthMedian Rent
February 2024$654
March 2024$635
April 2024$518
May 2024$762
June 2024$918
July 2024$1,200
August 2024$1,200
September 2024$1,187
October 2024$1,187
November 2024$1,120
December 2024$1,106
January 2025$1,100
February 2025$1,062
March 2025$1,100
April 2025$1,100
May 2025$1,100
June 2025$1,072
July 2025$975
August 2025$1,100
September 2025$1,105
October 2025$991
November 2025$841
December 2025$666
January 2026$600

Affordability calculator

Can I afford to live at 1838 West 3rd Street?

Bedrooms

2 bedrooms

Rent-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

$28,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $28,000 annually to afford this 2-bedrooms monthly rent price of $700.
For more information on rent affordability, visit our rent calculator.

Schools near 1838-1840 West 3rd

Kingsley Elementary School

201 sunset rd

waterloo, IA, 50701

K-5Public
C+
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Internet available near 1838-1840 West 3rd

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Waterloo near 1838 West 3rd Street

Walking

5/10
Some shops and stores are within a few minutes.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1838 West 3rd Street, Waterloo

Groceries

4/10
At least one supermarket within a 30-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Nightlife

2/10
Some bars within walking distance

Explore the area around 1838 West 3rd Street

Guddi Mart
506 Byron Ave
City of Waterloo-Public Market
327 W 3rd St
Mooroo
3015 Kimball Ave
Hy-Vee
2834 Ansborough Ave
Balkan Grocery
1816 Williston Ave

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