Last updated on November 2, 2026

Average rent in
Allen College, IA

Median rent

Median rent in Waterloo

$1,000/mo

decreased by3%

vs previous year

The average rent in Waterloo is $1,000 per month as of October 2026. This is 47% below the national average rent, or $900 less per month.

$1.13

average price per square foot

Total rentals

Available rentals in Waterloo

302

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Waterloo rentals at each price point

65%49%33%16%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Allen College, IA

Average rent prices in Waterloo have decreased by 3% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Allen College, IA

Rent prices in Waterloo vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waterloo is $955, whereas a house costs $1,250. 1-bedroom apartments in Waterloo run $762 on average, while 2-bedroom apartments are $895.

Listings

Studio

$1,000

-

8%

1 bedroom

$750

-

14%

2 bedroom

$900

-

2%

3 bedroom

$1,250

-

3%

4 bedroom

$1,700

-

3%

Studio

Average rent

$1,000

Last year

8%

1 bedroom

Average rent

$750

Last year

14%

2 bedroom

Average rent

$900

Last year

2%

3 bedroom

Average rent

$1,250

Last year

3%

4 bedroom

Average rent

$1,700

Last year

3%

The table above reflects average rent prices in Allen College, IA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Allen College, IA

Residences on College Hill - Photo 1 of 1
Highly rated

4d ago

8.3

Very good

Residences on College Hill

2112 Merner Ave, Cedar Falls, IA 50613

1–4 beds

1 bath

$299–$1,100

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
613 1/2 W 1st St - Photo 1 of 1

5d+ ago

Church Row Historic apartment for rent in Waterloo

611-613 W 1st St - 613 1/2

613 1/2 W 1st St, Waterloo, IA 50701

2 beds

1 bath

$640

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
309 Franklin - Photo 1 of 1

5d+ ago

8.8

Very good

309 Franklin

309 Franklin St, Waterloo, IA 50703

2 beds

1 bath

$650

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
228 1/2 Randolph St - Photo 1 of 1

5d+ ago

Church Row Historic apartment for rent in Waterloo

228-228 1/2 Randolph Street - 228 1...

228 1/2 Randolph St, Waterloo, IA 50701

2 beds

1 bath

$680

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Allen College, IA

Quick answers to common questions about the Waterloo rental market.

How much is rent in Waterloo?

The average rent in Waterloo is $1,000 per month as of October 31, 2026.

Is rent up or down in Waterloo?

Average rent prices in Waterloo have decreased by 3% since last year.

How does Waterloo rent compare to the national average?

Rent in Waterloo is 47% below the national average, which means renters are paying approximately $900 less per month.

What salary do I need to afford rent in Waterloo?

To comfortably afford rent in Waterloo, you'd need to earn approximately $40,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

2515 Olive Street