Residences on College Hill
2109 College St,
Cedar Falls, IA 50613
$365 - $1,400
1-4 Beds
Rental Market Trends in Waterloo, IA
What is the average rent in Waterloo, IA?
$788/month
Average Rent
588 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of October 2025, the average rent in Waterloo, IA is $788 per month. This is 52% lower than the national average rent of $1,630/month, making renting in Waterloo more affordable than most cities in the US. When you rent an apartment in Waterloo, you can expect to pay about $757 per month for a studio, $788 for a one-bedroom apartment, and around $925 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,106 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waterloo, IA?
In the past year, rent has increased by 1%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024
2025
Rent Ranges in Waterloo, IA
Last Updated October 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
34%
Below $700/month
43%
$700 - $1,000/month
17%
$1,001 - $1,500/month
6%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waterloo?
Based on current rent prices, Downtown Waterloo is the most affordable neighborhood in Waterloo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waterloo?
Based on current rent prices, Downtown Waterloo is the most expensive neighborhood in Waterloo.
Neighborhood
Average Rent
Average Sq Ft
Which Waterloo neighborhoods have the most rentals available?
The neighborhood in Waterloo with the most apartments available is Downtown Waterloo .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waterloo, IA?
Because the average rent in Waterloo is $788, you’ll want to make about $2,626 per month or $31,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Waterloo, IA is 13.1% lower than the national average. Generally, housing in Waterloo is 20.5% less expensive than the national average, with rent falling between $757 - $1,106. You can expect to pay 4.2% less for groceries, 19.2% less for utilities, and 8.4% less for transportation.
How does Waterloo, IA compare to other nearby cities and neighborhoods?
Use the tool below to compare Waterloo, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,016/month
$1,016/month
One Bedroom
$1,296/month
$1,296/month
Two Bedroom
$1,416/month
$1,416/month
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Waterloo we think you'll love
Property Management Companies in Waterloo, IA
Rent Cedar Valley
-
16
Communities
-
723
Units
-
9
Cities
9 Communities in Waterloo
High Properties
-
13
Communities
-
1,182
Units
-
4
Cities
2 Communities in Waterloo
Cardinal Group Management and Advisory, LLC
-
167
Communities
-
33,945
Units
-
87
Cities
1 Community in Waterloo
The Annex Group
-
19
Communities
-
2,676
Units
-
18
Cities
1 Community in Waterloo
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 September 2025.
* Percentages may not total 100 due to rounding.