Last updated
Average Rent in Waterloo, IA & Rent Trends
Rent prices and market trends across 8 apartment communities in Waterloo, IA. Updated daily.
Market Average
$1,901/mo
▲ +10.7% from last month
Lowest Available
$750/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
30
available now
Rent by Neighborhood in Waterloo, IA
Compare average rent across Waterloo, IA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Waterloo 50701 | $1,981 | $652 | 6 | 51 |
| Waterloo 50703 | $956 | $800 | 2 | 35 |
| Waterloo 50702 | $895 | $895 | 1 | 1 |
Is Rent Going Up or Down in Waterloo, IA?
As of July 2026, the average rent in Waterloo, IA is $1,901 per month across 8 apartment communities and 30 available units. Rents have increased $104 (10.7%) over the past month.
The most affordable option is Edge RPM starting at $750/mo. By unit type, a 2-bedroom averages $1,901/mo.
Prices range from $750 to $9,873 per month. The most common price point is the $800 range, where 18 units are currently listed.
Waterloo, IA Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Waterloo, IA
Rent Prices by Apartment in Waterloo, IA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Edge RPM | $750/mo | $2,572/mo | 2 | 2.8 |
| Metro Rentals | $795/mo | $862/mo | 3 | 2.7 |
| Leavitt Park Apartments | $895/mo | $895/mo | 1 | 4 |
| Better Living Management | $895/mo | $4,301/mo | 7 | 4.3 |
| Cedar Crest Apartments | $900/mo | $900/mo | 3 | 3.9 |
| Russell Lamson | $945/mo | $945/mo | 1 | 4 |
| Union at North Crossing | $950/mo | $950/mo | 10 | 3.2 |
Google Search Trends for Waterloo, IA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Waterloo, IA
What is the average rent in Waterloo, IA?
Is rent going up or down in Waterloo, IA?
What is the cheapest apartment in Waterloo, IA?
How many apartments are available in Waterloo, IA?
What salary do I need to live comfortably in Waterloo, IA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$76,000/year
Based on the 30 percent rule, using our tracked average rent of $1,901/mo.
Comfortable income
$91,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($750/mo), you need to earn at least $30,000/year.
Median household income in Waterloo, IA is $56,344 , about 38% below the comfortable-living threshold.
Cost of living in Waterloo, IA
Overall prices in Waterloo, IA runs below the national average by about 12% (BEA Regional Price Parity index 88.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Waterloo, IA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,901 |
| Utilities | $267 |
| Groceries | $522 |
| Transportation | $637 |
| Healthcare | $311 |
| Other goods and services | $497 |
| Estimated total | $4,136/mo |
Population
66,947
Median household income
$56,344
Census median rent
$896/mo
Rent as % of income
27.4%
Median age
36.6
Mean commute
16 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Waterloo, IA Apartments
Browse all 8 communities with daily-updated pricing and availability.