Bedroom count
Property type
Last updated on September 28, 2026
Last updated on September 28, 2026
Bedroom count
Property type
Median rent in Waterloo
$825/mo
vs previous year
The average rent in Waterloo is $825 per month as of September 2026. This is 57% below the national average rent, or $1,075 less per month.
average price per square foot
Available rentals in Waterloo
191
for rent on Zumper.com as of September 2026
Share of Waterloo rentals at each price point
Average rent prices in Waterloo have decreased by 5% over the last month and have decreased by 3% since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Rent prices in Waterloo vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waterloo is $795, whereas a house costs $975. 1-bedroom apartments in Waterloo run $695 on average, while 2-bedroom apartments are $825.
Listings | ||||
|---|---|---|---|---|
Studio | $817 | 5% | 1% | |
1 bedroom | $685 | 8% | 3% | |
2 bedroom | $825 | 5% | 3% | |
3 bedroom | $1,000 | 3% | 1% | |
4 bedroom | $1,300 | 9% | 16% |
Listings | ||
|---|---|---|
Church Row Historic | $695 | |
Common Grounds | $850 | |
Downtown Waterloo | $1,025 | |
Franklin Gateway | $800 | |
Gates Park | $975 | |
Maples | $875 | |
Park Haven | $825 | |
Riverfront | $900 | |
Roosevelt | $850 | |
Unity | $800 |
Listings | ||||
|---|---|---|---|---|
Apartments | $795 | 5% | No Change | |
Condos | $1,100 | 3% | No Change | |
Houses | $975 | 4% | No Change | |
Rooms | $640 | No Change | - |
Studio
Average rent
$817
Last 30 days
5%
Last year
1%
1 bedroom
Average rent
$685
Last 30 days
8%
Last year
3%
2 bedroom
Average rent
$825
Last 30 days
5%
Last year
3%
3 bedroom
Average rent
$1,000
Last 30 days
3%
Last year
1%
4 bedroom
Average rent
$1,300
Last 30 days
9%
Last year
16%
Church Row Historic
Average rent
$695
Downtown Waterloo
Average rent
$1,025
Common Grounds
Average rent
$850
Franklin Gateway
Average rent
$800
Park Haven
Average rent
$825
Riverfront
Average rent
$900
Maples
Average rent
$875
Unity
Average rent
$800
Roosevelt
Average rent
$850
Gates Park
Average rent
$975
Apartments
Average rent
$795
Last 30 days
5%
Condos
Average rent
$1,100
Last 30 days
3%
Last year
No Change
Houses
Average rent
$975
Last 30 days
4%
Rooms
Average rent
$640
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 median rent prices in Waterloo and Altoona by all bedroom counts and property types.
Waterloo
lower than the national median
lower than the national median
Takeaway
The median rent for all rentals in Waterloo, IA is 25% lower than the median rent in Altoona, IA.
Explore rent trends in neighboring markets
Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.
Expenses accrued by most renters | Average cost compared to national average |
|---|---|
| Goods & Services | 10% lower |
| Groceries | 3% lower |
| Health | 8% lower |
| Housing | 13% lower |
| Transportation | 11% lower |
| Utilities | 19% lower |
Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
Quick answers to common questions about the Waterloo rental market.
The average rent in Waterloo is $825 per month as of September 26, 2026.
Average rent prices in Waterloo have decreased by 5% over the last month and have decreased by 3% since last year.
Rent in Waterloo is 57% below the national average, which means renters are paying approximately $1,075 less per month.
The most affordable neighborhoods in Waterloo are Church Row Historic ($695/mo), Franklin Gateway ($800/mo), and Unity ($800/mo).
To comfortably afford rent in Waterloo, you'd need to earn approximately $33,000/year, based on spending no more than 30% of your income on rent.
April offers the best rental prices in Waterloo, with rents running about 7% lower than July's peak pricing, though you'll face higher competition for available units.
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).