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Cheap Apartments for Rent in Waterloo City, IA

Cheap Apartments for Rent in Waterloo City, IA. 8 Rentals Available
8 Rentals Available
Quick filters
Apartments Under $400 Apartments Under $1,000 Apartments Under $1,200

Apartments Under $400

  • A kitchen with a table and chairs.
    5 units available
    Studio $399+
    2 bd $475+
    Base rent
    Verified Listing

    4.5 (1)
    1009 South Hackett Road, Waterloo, IA 50701
    Apply online

Apartments Under $1,000

  • A kitchen with black cabinets and a marble countertop.
    2 bd $900
    Base rent
    Verified Listing

    1229 Ravenwood Rd, Waterloo, IA 50702
    Apply online • Pet friendly
  • A playground with a blue slide and a brown pavement.
    Only 1 unit left
    Studio $989
    Base rent
    Verified Listing

    100 Unity Square, Waterloo, IA 50703
    Apply online

Apartments Under $1,200

  • A kitchen with white cabinets and a tiled floor.
    3 bd $1,100
    Base rent
    Verified Listing

    616 Kimball Avenue, Waterloo, IA 50701
4-0-city

Frequently asked questions

What is the price of a cheap apartment in Waterloo City, IA?

The price range of a cheap apartment is between $399 and $1,100.

How many cheap rentals are available in Waterloo City, IA on RentCafe?

There are 12 cheap rentals available on RentCafe. Prices and availability in Waterloo City, IA were last updated on 29 May 2026.

What is the average size of a cheap apartment in Waterloo City, IA?

The average Waterloo City, IA cheap apartment size is 1,038 sq. ft.

What are the advantages of renting a cheap apartment in Waterloo City, IA?

Cheap apartments in Waterloo City, IA are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Waterloo City, IA?

A cheap apartment in Waterloo City, IA offers little storage space and fewer amenities compared to other apartments.