Iowa is known as the "Hawkeye State" and America's heartland. This beautiful state is famous for its rolling hills, fertile farmland, and vibrant cities. Immerse yourself in Iowa's rich history by visiting the Herbert Hoover Presidential Library and Museum, Amana Colonies, or developing your skills at the University of Iowa and Iowa State University. Iowa also has a vibrant cultural scene, with dozens of professional theaters, art galleries, and museums spread throughout the state.

Iowa is a haven for outdoor enthusiasts, offering a variety of activities such as hiking the scenic Loess Hills, camping and fishing in its state parks and lakes, and winter sports like skiing and snowboarding. Explore famous attractions like the State Capitol Building, the Des Moines Art Center, and the historic town of Cedar Rapids. With its friendly communities, affordable living, and thriving economy, Iowa offers a high quality of life and a strong sense of community, making it an ideal place for those looking for a fulfilling lifestyle.

Discover why Iowa is a place that is sure to steal your heart and capture your imagination. Experience the best of what the Midwest offers, and you'll see why it's such a great place to live.

Rental Market Trends

Waterloo, IA

As of July 2025, Waterloo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterloo's average rent is 0.6% ($7) lower than the Iowa average of $1,077 and 39.7% ($705) lower than the U.S. average of $1,775.

Average Rent

$1,070

Monthly ChangeMonth Over Month Change

1.5% ($16)

Yearly ChangeYear Over Year Change

0.5% ($5)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$814	8.1% ($61)	9.3% ($83)
2 Beds	$933	2.8% ($25)	12.1% ($128)
3 Beds	$1,166	1.7% ($20)	8.6% ($110)

Nearby Cities	Average Rent	Avg. Rent vs. WaterlooAverage Rent vs. Waterloo	Avg. Days on MarketAverage Days on Market
Evansdale	$814	23.9% ($256)	33 days
Cedar Falls	$1,269	18.6% ($199)	38 days
Hudson	$844	21.1% ($226)	35 days
Reinbeck	$1,089	1.8% ($19)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Waterloo Rental Market FAQs

Explore rental prices, market trends, and availability in Waterloo, IA.

What is the average rent in Waterloo, IA?

The average rent in Waterloo, IA is $1,070 per month.

What is the rental price range for houses in Waterloo, IA?

Houses in Waterloo typically rent for between $600 and $1,516 per month, with an average of $1,070 per month.

What is the average rent for different bedroom sizes in Waterloo, IA?

In Waterloo, the average rent for a 1-bedroom house is $814 per month, for a 2-bedroom house, $933 per month, and a 3-bedroom house is $1,166 per month.

How do rent prices in Waterloo, IA compare with the national average?

The average rent in Waterloo is 39.7% ($705) lower than the national average of $1,775 per month.

How have rent prices in Waterloo, IA changed recently?

The average rent in Waterloo has increased by 1.5% ($16) in the last month and decreased by 0.5% ($5) over the past year.

How competitive is the rental market in Waterloo, IA?

The rental market in Waterloo, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Waterloo, IA?

In Waterloo, IA, the average rental stays on the market for approximately 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Waterloo, IA?

There are currently 138 rental properties available in Waterloo, IA.

Can I afford to rent a house in Waterloo, IA?

Based on the current averages, a household would need an annual income of $37,320 to comfortably afford a 2-bedroom house in Waterloo.