Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

Waterloo, IN

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 41.8% ($528) lower than the Indiana average of $1,263 and 58.6% ($1,040) lower than the U.S. average of $1,775.

Average Rent

$735

Monthly ChangeMonth Over Month Change

18.8% ($170)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$720	1.2% ($9)	No change
2 Beds	$857	2.3% ($19)	No change
3 Beds	$1,125	2.6% ($29)	No change

Nearby Cities	Average Rent	Avg. Rent vs. WaterlooAverage Rent vs. Waterloo	Avg. Days on MarketAverage Days on Market
Auburn	$981	33.5% ($246)	33 days
Garrett	$818	11.3% ($83)	30 days
Angola	$1,429	94.4% ($694)	30 days
Lagrange	$1,130	53.7% ($395)	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, IN.

What is the average rent in Waterloo, IN?

The average rent in Waterloo, IN is $735 per month.

What is the rental price range for homes in Waterloo, IN?

Homes in Waterloo typically rent for between $600 and $1,463 per month, with an average of $735 per month.

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

In Waterloo, the average rent for a 1-bedroom home is $720 per month, for a 2-bedroom home, $857 per month, and a 3-bedroom home is $1,125 per month.

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

The average rent in Waterloo is 58.6% ($1,040) lower than the national average of $1,775 per month.

How competitive is the rental market in Waterloo, IN?

The rental market in Waterloo, IN, 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, IN?

In Waterloo, IN, the average rental stays on the market for approximately 35 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, IN?

There is currently 1 rental property available in Waterloo, IN.

Can I afford to rent a home in Waterloo, IN?

Based on the current averages, a household would need an annual income of $34,280 to comfortably afford a 2-bedroom home in Waterloo.