Average Rent in Waterloo, IL and Rent Price Trends

Rent trends in Waterloo, IL

Average rent prices in Waterloo have decreased by 20% over the last month and have decreased by 39% since last year.

Rent trends

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

Compare rent prices in
Waterloo, IL

Rent prices in Waterloo vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waterloo is $777, whereas a house costs $1,275. 1-bedroom apartments in Waterloo run $712 on average, while 2-bedroom apartments are $1,100.


Studio	$450	No Change	-
1 bedroom	$725	No Change	5%
2 bedroom	$1,100	23%	-
3 bedroom	$1,200	59%	9%
4 bedroom	$1,700	No Change	15%


Apartments	$777	1%	4%
Condos	$950	13%	-
Houses	$1,275	31%	6%

Studio

Average rent

$450

1 bedroom

Average rent

$725

Last year

2 bedroom

Average rent

$1,100

Last 30 days

23%

3 bedroom

Average rent

$1,200

Last 30 days

59%

Last year

4 bedroom

Average rent

$1,700

Last year

15%

The table above reflects average rent prices in Waterloo, IL, 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.

How does rent in Waterloo, IL compare to other cities?

Compare median rent prices in Waterloo and Crystal City by all bedroom counts and property types.

Waterloo

Median rent price$1,137

40%

lower than the national median

Median rent price$1,300

32%

lower than the national median

Takeaway

The median rent for all rentals in Waterloo, IL is 13% lower than the median rent in Crystal City, MO.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,300

$1,300

$1,500

$925

$2,199

$1,400

$1,602

$2,512

$1,595

$1,100

$1,630

$1,395

Discover rentals in Waterloo, IL

5d+ ago

Apartment for rent in Waterloo

316 W Mill St #5, Waterloo, IL 62298

2 beds

1 bath

$1,215

1d ago

Condo for rent in Waterloo

2 Bed 1 Bath Duplex in Waterloo for Rent

714 Brittany Ct, Waterloo, IL 62298

2 beds

1 bath

$1,350

5d+ ago

House for rent in Waterloo

Residential Lease, Waterloo, IL

504 Stiening St, Waterloo, IL 62298

2 beds

1 bath

$1,350

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Waterloo, IL

Quick answers to common questions about the Waterloo rental market.

How much is rent in Waterloo?

The average rent in Waterloo is $1,137 per month as of October 17, 2026.

Is rent up or down in Waterloo?

Average rent prices in Waterloo have decreased by 20% over the last month and have decreased by 39% since last year.

How does Waterloo rent compare to the national average?

Rent in Waterloo is 40% below the national average, which means renters are paying approximately $762 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 $46,000/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).