Bedroom count

Property type

Last updated on May 13, 2026

Average rent in
Waterloo, IA

Last updated on May 13, 2026

Last updated on May 13, 2026

Bedroom count

Property type

As of May 2026, the median rent for all bedroom counts and property types in Waterloo, IA is $850. This is -56%, or $1,100, lower than the national average.

$1.17

average price per square foot

Median rent

$850

Flat
over the previous yearvs previous year

Total rentals

197

for rent on Zumper.com

As of May 2026, the median rent for all bedroom counts and property types in Waterloo, IA is $850. This is -56%, or $1,100, lower than the national average.

$1.17

average price per square foot

Rent ranges

34%
60%
6%
1%
$0-$750$0 - $750
$751-$1,500$751 - $1,500
$1,501-$2,250$1,501 - $2,250
$2,251-$3,000$2,251 - $3,000

Households

60%
40%
Owner-occupied
Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent price trends in
Waterloo, IA

Rent price trends

Rent prices for all bedroom counts and property types in Waterloo, IA have decreased by 3% in the last month and have remained the same in the last year.

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

Rent comparables in
Waterloo, IA

The monthly rent for an apartment in Waterloo, IA is $795. A 1-bedroom apartment in Waterloo, IA costs about $650 on average, while a 2-bedroom apartment is $825. Houses for rent in Waterloo, IA are more expensive, with an average monthly cost of $995.

Comparables

1 bedroom

$650

5%

2%

2 bedroom

$850

1%

1%

3 bedroom

$1,025

5%

1%

4 bedroom

$1,200

7%

5%

Studio

$800

8%

22%

Studio

Average rent

$800

Last 30 days

8%

Last year

22%

1 bedroom

Average rent

$650

Last 30 days

5%

Last year

2%

2 bedroom

Average rent

$850

Last 30 days

1%

Last year

1%

3 bedroom

Average rent

$1,025

Last 30 days

5%

Last year

1%

4 bedroom

Average rent

$1,200

Last 30 days

7%

Last year

5%

The table above reflects average rent prices in Waterloo, 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.

Compare rent prices in Waterloo, IA to other cities

Median rent prices in Waterloo, IA for all bedroom counts and property types compared to Altoona, IA.

Waterloo

Median rent price$850
decreased by56%

lower than the national median

Median rent price$1,353
decreased by31%

lower than the national median

Takeaway

The median rent for all rentals in Waterloo, IA is 37% lower than the median rent in Altoona, IA.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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

Average rent in
Nearby cities

Explore rent trends in other markets

Altoona

$1,353

decreased by21%

Last year

Cedar Falls

$1,200

decreased by1%

Last year

Cedar Rapids

$1,200

increased by15%

Last year

Coralville

$1,265

increased by9%

Last year

Denver

$1,050

N/A

Last year

Iowa City

$1,250

decreased by5%

Last year

Marion

$750

decreased by2%

Last year

Nevada

$860

increased by13%

Last year

Newton

$990

increased by5%

Last year

North Liberty

$1,450

increased by2%

Last year

Tiffin

$1,442

increased by4%

Last year

Waverly

$1,200

decreased by1%

Last year

Cost of living in
Waterloo, IA

The overall cost of living in Waterloo, IA is 14% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.

Expenses

accrued by most renters

Average cost

compared to national average

Goods & Services

13% lower

Groceries

4% lower

Health

5% lower

Housing

22% lower

Transportation

9% lower

Utilities

19% lower

Apartments for rent in Cedar Falls

Discover rentals in Waterloo, IA

1815 Lafayette St - Photo 1 of 1

4d ago

7.7

Very good

1815 Lafayette St

1815 Lafayette St, Waterloo, IA 50703

1 bed

1 bath

$400

Apartment for rent

120 1/2 Harrison St #1 - Photo 1 of 1

5d+ ago

Common Grounds apartment for rent in Waterloo

120 1/2 Harrison Street - 1

120 1/2 Harrison St #1, Waterloo, IA 50703

2 beds

1 bath

$425

Apartment for rent

Available May 7

Elevate Apartments at Hawkeye - Photo 1 of 1
Student housing
3D tour

1d ago

9.9

Excellent

Our team has verified this company

Verified

Elevate Apartments at Hawkeye

6025 Donegal Cir, Waterloo, IA 50701

4 beds

2 baths

$450

Apartment for rent

Call

314 Randolph Street - Photo 1 of 1
Income restricted

1d ago

8.8

Very good

314 Randolph Street

314 Randolph St, Waterloo, IA 50701

1–3 beds

1–2 baths

$600–$900

Apartment for rent

706 South St - Photo 1 of 1

21h ago

7.8

Very good

706 South St

706 South St, Waterloo, IA 50701

2 beds

1 bath

$635

Apartment for rent

441 Allen St #2 - Photo 1 of 1

5d+ ago

Church Row Historic apartment for rent in Waterloo

441 Allen St - 2

441 Allen St #2, Waterloo, IA 50701

2 beds

1 bath

$650

Apartment for rent

Available May 8

225 Miriam Dr #A - Photo 1 of 1

5d+ ago

Apartment for rent in Waterloo

2BR/1.0BA

225 Miriam Dr #A, Waterloo, IA 50702

2 beds

1 bath

$650

Apartment for rent

303 Franklin St #2 - Photo 1 of 1

5d+ ago

Apartment for rent in Waterloo

2BR/1.0BA

303 Franklin St #2, Waterloo, IA 50703

2 beds

1 bath

$650

Apartment for rent