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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

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As of November 2026, Waterloo's rental market is cooling, with rentals spending about 37 days on the market, slower than in Iowa (27), and rents about flat over the past year. Waterloo's average rent is 22.1% ($266) lower than the Iowa average of $1,203 and 54.0% ($1,099) lower than the U.S. average of $2,036.

Average Rent
$937
Monthly ChangeMonth Over Month Change
Decreased0.53% ($5)
Yearly ChangeYear Over Year Change
Increased0.4% ($4)
Days on Market
37
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $856 Decreased0.19% ($2) Increased2.2% ($18)
2 Beds $901 Decreased0.27% ($2) Decreased1.6% ($15)
3 Beds $1,132 Decreased0.69% ($8) Increased2.8% ($30)
Nearby Cities Average Rent Avg. Rent vs. WaterlooAverage Rent vs. Waterloo Days on Market
Evansdale $1,023 Increased9.2% ($86) 39 days
Raymond $1,246 Increased33.0% ($309) 39 days
Cedar Falls $1,368 Increased46.0% ($431) 37 days
Hudson $1,139 Increased21.6% ($202) 39 days
La Porte City $1,064 Increased13.6% ($127) 39 days
Based on rentals advertised on RentalSource in and around Waterloo.
Frequently Asked Questions
Waterloo Rental Market FAQs

Explore rental prices, market conditions, and affordability in Waterloo, IA.

The average rent in Waterloo, IA is $937 per month.
In Waterloo, the average rent is $856 per month for a 1-bedroom home, $901 for a 2-bedroom home and $1,132 for a 3-bedroom home.
The average rent in Waterloo is 54% ($1,099) lower than the national average of $2,036 per month.
The rental market in Waterloo, IA is currently cooling, with rentals spending about 37 days on the market, slower than in Iowa (27), and rents about flat over the past year.
Based on the current averages, a household would need an annual income of $36,000 to comfortably afford a 2-bedroom home in Waterloo.
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