Cheap Apartments for Rent in Waterloo City, IA

Apartments Under $400 Apartments Under $1,000 Apartments Under $1,100
Apartments Under $400
7 units available

Studio $399+

2 bd $475+

Verified Listing
Greenhill Point

4.5 (1)

1009 South Hackett Road, Waterloo, IA 50701

Apply online • Dishwasher • Washer/Dryer
Apartments Under $1,000
2 bd $930

Verified Listing
1229 Ravenwood Rd, Unit 1237-1

1229 Ravenwood Rd, Waterloo, IA 50702

Pet friendly • Dishwasher
Apartments Under $1,100
Only 1 unit left

Studio $1,083

Verified Listing
Unity Square Townhomes

100 Unity Square, Waterloo, IA 50703

Apply online • Air conditioner • Washer/Dryer
3-0-city

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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 $1,194.

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

There are 23 cheap rentals available on RentCafe. Prices and availability in Waterloo City, IA were last updated on 14 Sep 2026.

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

The average Waterloo City, IA cheap apartment size is 969 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.