Homes & Apartments for Rent in Waterloo, IA

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What to Know About

Life in Waterloo & Beyond

Waterloo shares many of the great qualities that make Iowa a desirable place to live.

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 April 2026, Waterloo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterloo's average rent is 7.4% ($82) lower than the Iowa average of $1,114 and 42.3% ($756) lower than the U.S. average of $1,788.

Average Rent
$1,032
Monthly ChangeMonth Over Month Change
Increased19.2% ($166)
Yearly ChangeYear Over Year Change
Decreased2.5% ($27)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $841 Increased16.3% ($118) Decreased19.4% ($202)
2 Beds $982 Increased15.8% ($134) Decreased23.3% ($299)
3 Beds $1,292 Increased22% ($233) Decreased16.4% ($254)
Nearby Cities Average Rent Avg. Rent vs. WaterlooAverage Rent vs. Waterloo Avg. Days on MarketAverage Days on Market
Cedar Falls $1,191 Increased15.4% ($159) 38 days
Oelwein $712 Decreased31% ($320) 33 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.

The average rent in Waterloo, IA is $1,032 per month.
Homes in Waterloo typically rent for between $600 and $1,680 per month, with an average of $1,032 per month.
In Waterloo, the average rent for a 1-bedroom home is $841 per month, for a 2-bedroom home, $982 per month, and a 3-bedroom home is $1,292 per month.
The average rent in Waterloo is 42.3% ($756) lower than the national average of $1,788 per month.
The average rent in Waterloo has increased by 19.2% ($166) in the last month and decreased by 2.5% ($27) over the past year.
The rental market in Waterloo, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 137 rental properties available in Waterloo, IA.
Based on the current averages, a household would need an annual income of $39,280 to comfortably afford a 2-bedroom home in Waterloo.
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