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Homes & Apartments for Rent in Waterloo, IN

1-2 of 2 rentals

Apartment for rent at 255 S Wayne St #105, Waterloo, IN 46793

1 / 7

Updated - yesterday

Managed by Open Door Rentals & Real Estate

$750

Apartment1 Bed1 Bath

255 S Wayne St #105

Waterloo, IN 46793

Welcome to 255 S Wayne St Apt 105 in Waterloo, IN. This recently remodeled 1 bedroom, 1 bathroom apartment features modern paint and Lvp flooring throughout. Residents will enjoy the convenience of gas forced heat, on-site laundry facilities and off-street parking. The apartment includes limited Wifi. Please note that window A/C units are to be provided by the resident and cats are allowed on the premises. A Po Box is required for mail delivery.

1 / 9

Managed by Open Door Rentals & Real Estate

$800

Apartment1 Bed1 Bath

340 N Wayne St #2

Waterloo, IN 46793

Now available. This one-bedroom, one-bath downstairs apartment in Waterloo, IN features Lvp flooring throughout and gas forced heat. The unit requires residents to provide window A/C units and a Po Box. Shared amenities include a yard, covered porch and off-street parking. No animals are allowed; the property is non smoking/vaping and there is no washer/dryer hookup. Located minutes from I-69, the apartment is Obligo approved and includes a resident benefit package. Residents will also benefit from the Obligo Approved status for security deposit if qualified and a resident benefit package.

Viewing 1-2 of 2 rentals in Waterloo

What to Know About

Life in Waterloo & Beyond

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

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 June 2026, Waterloo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterloo's average rent is 39.6% ($510) lower than the Indiana average of $1,287 and 56.8% ($1,020) lower than the U.S. average of $1,797.

Average Rent

$777

Monthly ChangeMonth Over Month Change

0.9% ($7)

Yearly ChangeYear Over Year Change

5.7% ($42)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$762	0.7% ($5)	5.8% ($42)
2 Beds	$893	0.7% ($6)	4.2% ($36)
3 Beds	$1,126	1.1% ($13)	0.1% ($1)

Nearby Cities	Average Rent	Avg. Rent vs. WaterlooAverage Rent vs. Waterloo	Avg. Days on MarketAverage Days on Market
Auburn	$1,093	40.7% ($316)	33 days
Garrett	$1,095	40.9% ($318)	30 days
Kendallville	$852	9.7% ($75)	29 days
Angola	$1,347	73.4% ($570)	30 days
Lagrange	$1,305	68% ($528)	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 $777 per month.

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

Homes in Waterloo typically rent for between $600 and $1,464 per month, with an average of $777 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 $762 per month, for a 2-bedroom home, $893 per month, and a 3-bedroom home is $1,126 per month.

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

The average rent in Waterloo is 56.8% ($1,020) lower than the national average of $1,797 per month.

How have rent prices in Waterloo, IN changed recently?

The average rent in Waterloo has decreased by 0.9% ($7) in the last month and increased by 5.7% ($42) over the past year.

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 are currently 2 rental properties 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 $35,720 to comfortably afford a 2-bedroom home in Waterloo.