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Prices and availability in Waterloo, IN were last updated on 24 Nov 2025.
In Waterloo 26% of the housing is rented out compared to 74% of homes are owned, according to the most recent Census Bureau estimates. none of Waterloo’s apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 44% are single-family rentals.
The average age of rental buildings in Waterloo is 0 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 0 stories, of which none are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Rental apartments in Waterloo come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 0% of the total apartments in the city, while 2-bedroom floorplans represent around 0% of all rentals in Waterloo. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Waterloo is a small town located in DeKalb County, IN. The town spreads across Grant and Smithfield townships. Local renters enjoy living in the town for its quiet and safe community. It also offers easy access to big-city amenities, with Auburn located five minutes away to the south. There are also different green spaces that appeal to renting families and young renters, like waterparks, nature trails, theme parks and botanical gardens. Waterloo has wet, humid, warm, and long summers, while the winters are usually very cold, windy, snowy and short. The city receives 38 inches of rain and 34 inches of snow per year. There are also 183 sunny days per year in Waterloo.
Renters in Waterloo enjoy a sparse, suburban feel, with most renters being families because of the quiet town and the quality of the public school. The town has only one constituent neighborhood because of its small size, but the rental prices in the city are significantly lower than the average in Indiana. Aside from rental apartments, renters also look for single-family homes, with most of the houses featuring a style from the 19th century. In particular, renters usually look for homes with a corner lot or a big yard. Note that there is no rent control in Waterloo, and landlords cannot raise the rent during the term of the lease. If a landlord wants the renter to move out, they must send a 30-day notice. Additionally, landlords are not allowed to deny the renter access to a rented property, except through a court order. Renters also cannot be evicted without probable cause.
Waterloo offers its renters a couple of shopping opportunities, despite being a small town, from malls and grocery stores to other types, like liquor stores, antique stores and comic book stores. Because there aren't any major malls in Waterloo, renters have to commute to Auburn for options like Westedge Mall and Auburn Plaza. As for grocery shopping, this is often done at local stores and dollar stores in the city. More popular grocery stores can be found in Auburn. The city doesn't have any department stores, either. Waterloo Main Street is the main part of the downtown area with a wide range of historical and commercial buildings; local stores; and a town hall.
Waterloo features decent walkability, so renters will have to run some of their errands on foot. It's also a bikeable city with a couple of trails available. That said, renters mostly use their cars for transportation, and those who don't own a car can rely on the town's public transit. To that end, Waterloo links major transportation routes, including the only Amtrak passenger train stop in northeastern Indiana. There are also Norfolk Southern freight lines and three highways in the small town, and it's easy to commute to Auburn from Waterloo. Finally, the closest airport to the city is Fort Wayne International Airport.
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RentCafe is your one-stop shop for finding a great new apartment in Waterloo, IN. Easily search through a wide selection of apartments for rent in Waterloo, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Waterloo, IN apartments with rents starting from $538 and submit your rental application today!
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