Find Rentals in Waterloo

Houses for Rent

Apartments for Rent

Explore Listings

Property Managers

Listings Quality Policy

Renter Resources

Avoid Scams & Fraud

Rent vs. Buy Calculator

Rent Affordability Calculator

Help & Support

1 / 10

Pet Friendly

Dishwasher

High-Speed Internet

- Save listing search
- Report this listing

Income Restricted - Russell Lamson

209 W 5th St, Waterloo, IA 50701 - Black Hawk County

Apartment

1-2 beds

1 baths

About 209 W 5th St

The past and present live harmoniously together in the magnificently restored Russell Lamson Hotel (Income Restricted). Here you can enjoy relaxing scenic river views and walk to downtown shopping, restaurants & entertainment. The new and completely renovated 8-story Russell Lamson building offers luxury living at a truly affordable price. Our community consists of 90 remodeled apartment homes, each of which has been equipped with new kitchen cabinets, flooring and appliances. Units include a dishwasher and individually-controlled center heating and cooling systems. Heat, cooling, water and trash removal are included in your rent. We offer a full list of resident amenities including an exercise facility, media learning center, laundry facilities, controlled entrance and a professional on-site management team. Become apart of the vibrant Russell Lamson community today. Cats allowed, Accessible, Elevator, Parking, Gym, On-site laundry, Accepts Section 8, Business center, Internet access, Key fob access, Lobby, Media room, Online portal, Package receiving & Smoke-free community.

RentalSource last checked: May 5, 2026 · 6:00 AM ET

Managed by: Income Restricted - Russell Lamson

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$649 - $815
Bedrooms:	1-2 beds
Bathrooms:	1 baths

Size:	Inquire
Pet Friendly:	Yes
Listing Status:	Active
ID:	70121232

Property Amenities

• Dishwasher

• High-Speed Internet

• Pet Friendly

• Wheelchair Access

• Washer/Dryer Hk-up

Community Features

• Controlled Access

• Clubhouse

• Fitness Center

• Laundry Facilities

• Parking

Unit Rates

Name	Beds	Baths	Sqft	Rent
1 Bed	1	1	-	$649
2 Beds	2	1	-	$815

Leasing Information

Cat deposit: $250. Cat limit: 2. Cat rent: $10 per pet. Cat restrictions: $10 per pet.

Additional Details

Apartments for rent in Waterloo for $649-$815 with 1-2 beds, 1 bath, pet friendly and located within Income Restricted - Russell Lamson at 209 W 5th St in Waterloo, IA 50701. The averaged rental price of $732 is 35.6% ($404) lower than the average rent of $1,136 for apartments in Waterloo, IA and 39.1% ($469) lower than the average rent of $1,201 for apartments in Black Hawk County. This apartment is in the Waterloo Community School District and the nearest schools are Irving Elementary School, Hoover Middle School and East High School. Income Restricted - Russell Lamson was advertised by Income Restricted - Russell Lamson 6+ months ago and last updated on May 5, 2026 at 6:00 AM ET.

Affordability Calculator

Can I afford to live at 209 W 5th St?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$25,960 /year

With your chosen rent-to-income ratio, an annual income of $25,960 is recommended to comfortably afford this 1-bedroom rental priced at $649 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$649 - $815

Rent Affordability Calculator

Interested in 209 W 5th St?

Find out more about this property & see if it's available now.

Property managed by:

Income Restricted - Russell Lamson

Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.