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271 Madison St

Waterloo, IA 50703 - Black Hawk County

Apartment

2 beds

1 bath

816 sqft

Cats & small dogs OK

W/D hookups

About 271 Madison St

Description: This 2-bedroom apartment features hardwood floors throughout and a basement for extra storage. Fridge and stove will be provided.

Schools: Highland Elementary, George Washingto Carver School, East High School. Utilities Included: Garbage, Lawn Care/Snow Removal. Average Utilities: $100. Move-In Costs: $750 Deposit, $750 Rent. Lawn/Snow: Landlord responsibility. Washer/Dryer: Hookups in basement. AC: N/A. Section 8: Applicable.

47 days on RentalSource

RentalSource last checked: 18 hours ago · Listing updated: October 25, 2026

Managed by EPM Iowa · (319) 349-2975

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$750
Bedrooms:	2 beds
Bathrooms:	1 bath
Size:	816 sqft

Pets:	Cats & small dogs
Laundry:	Hookups
Parking:	Inquire
Available:	Now
ID:	84400493

Amenities

Washer/Dryer Hookups
Hardwood Floors
Refrigerator
Storage

Leasing Information

Fees

Security deposit $750 (mandatory, refundable, move-in).
Application fee $45 (mandatory, nonrefundable, pre-move-in).
Lease processing fee $150 (mandatory, nonrefundable, pre-move-in).

Additional Details

This 2-bedroom, 1-bathroom apartment at 271 Madison St in Waterloo, IA 50703 rents for $750 a month. It has 816 square feet and is pet friendly. 271 Madison St was advertised by EPM Iowa on September 17, 2026.

How the Rent Compares

At $750 a month, this apartment is close to the typical rent for 2-bedroom apartments and condos in Waterloo (about $820).

From 54 two-bedroom apartments and condos listed in Waterloo on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.

$820Typical rent for 2-bedroom apartments and condos in Waterloo

$800–$950Middle half of their rents

39 daysAverage time they have been listed

See 2+ bedroom rentals in Waterloo

Rent History

The rent hasn't changed since it was listed on September 17. This home was last listed for rent on RentalSource from January to February 2022, ending at $675. Today's rent is $75 higher.

Rent history for this home, newest first
Date	Event	Rent	Change
September 17, 2026	Listed for rent	$750+11.1%	+11.1%
February 4, 2022	Listing removed	$675

These are listed prices. What renters actually paid may have been different.

Affordability Calculator

Can I afford to live at 271 Madison St?

Bedrooms

2 bedrooms

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

$30,000 /year

With your chosen rent-to-income ratio, an annual income of $30,000 is recommended to comfortably afford this 2-bedroom rental priced at $750 per month.

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

Apartment for rent

$750

Deposit $750 · Application fee $45 · All fees

Can I afford this home?

Interested in 271 Madison St?

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

Property managed by

EPM Iowa

(319) 349-2975

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