Downtown Waterloo

Waterloo, IA

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Downtown Waterloo - Waterloo, IA Area Guide

A charming commercial district along Cedar River

River Restaurants Urban Small Business Family-Friendly Affordable

The heart of Waterloo is a thriving commercial district lined with local restaurants, breweries, and neighborhood parks near Cedar River. From Newton’s Paradise Café to SingleSpeed Brewing Company, the food and drink options in town are abundant. Downtown Waterloo is home to the John Deere Tractor and Engine Museum, RiverLoop Amphitheatre, and Phelps Youth Pavilion, a vibrant educational facility for kids. Good public schools, affordable rentals, and easy access to Interstate 380 are just a few of the benefits of living in Downtown Waterloo. Residents of this neighborhood appreciate proximity to the Hope Martin Memorial Park, Crossroads Mall, and Los Island Water Park.

Rent Trends

As of March 2026, the average apartment rent in Downtown Waterloo is $1,203 for a studio, $1,361 for one bedroom, and $1,442 for two bedrooms. Apartment rent in Downtown Waterloo has increased by 0.9% in the past year.

  • Studio

  • 60 sq ft

    Average Sq Ft

  • $1,203/month

    Average Rent

  • 1 BR

  • 707 sq ft

    Average Sq Ft

  • $1,361/month

    Average Rent

  • 2 BR

  • 1,083 sq ft

    Average Sq Ft

  • $1,442/month

    Average Rent

Getting Around

Explore how walkable, bikeable, drivable, and transit-friendly Downtown Waterloo - Waterloo, IA is for everyday living.

Very Walkable

75 / 100

If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.

Some Transit

35 / 100

You'll likely want a car when living in this area since it has few transit options.

Very Bikeable

77 / 100

This area is very bikeable. You’ll find a variety of bike paths and lanes.

Points of Interest

Parks and Recreation

  • Phelps Youth Pavilion
  • Grout Museum of History & Science
  • Bluedorn Science Imaginarium
  • Hartman Reserve Nature Center
  • George Wyth State Park

Top Apartments in Downtown Waterloo

Houses for Rent in Downtown Waterloo

Property Management Companies

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.