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Apartments for Rent in Waterloo City, IA under $1200

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  • 5 units available
    Studio $399+
    2 bd $475+
    Base rent
    Verified Listing

    Greenhill Point

    4.5 (1)
    1009 South Hackett Road, Waterloo, IA 50701
    Apply online • Dishwasher • Washer/Dryer
  • 16 units available
    1 bd $550
    2 bd $625
    Base rent Income restricted
    Verified Listing

    Marsh Place Apartments

    4.0 (1)
    627 Sycamore Street, Waterloo, IA 50703
    Apply online • In unit laundry • Air conditioner
  • Rent specials
    1 bd $800
    2 bd $950
    Base rent Income restricted
    Verified Listing

    Union At North Crossing

    3330 E. 4Th Street, Waterloo, IA 50703
    Pet friendly • Fitness center • Dishwasher
  • Ask for pricing
    Verified Listing

    Unity Square Townhomes

    100 Unity Square, Waterloo, IA 50703
    Air conditioner • Washer/Dryer
  • 1 bd $640
    Base rent
    Verified Listing

    1422 Irish Drive Apt 4

    1422 Irish Drive Apt 4, Waterloo, IA 50701
    Pet friendly • Patio/Balcony • Wheelchair Access
  • 6-0-city

Frequently asked questions

When were prices and availability in Waterloo City, IA last updated?

Prices and availability in Waterloo City, IA were last updated on 18 Aug 2026.

What are the best apartments in Waterloo City, IA?
What type of rental buildings are in Waterloo City, IA?

In Waterloo City, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Waterloo City's rentals, 48% are small-scale complexes with under 50 units, and 39% are single-family rentals.

Renting apartments in Waterloo City, IA under $1,200

Searching for apartments for rent in Waterloo City, IA under $1,200 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Waterloo City, IA, where the average rent is $731 per month, there are 25 units available for less than $1,200. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,200” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Waterloo City, IA. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Waterloo City, IA going for $399 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.