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Apartments for Rent in Waterloo City, IA under $700

Apartments for Rent in Waterloo City, IA under $700. 22 Rentals Available
22 Rentals Available
Quick filters
  • 5 units available
    Studio $399+
    2 bd $475+
    Base rent
    Verified Listing

    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

    4.0 (1)
    627 Sycamore Street, Waterloo, IA 50703
    Apply online • In unit laundry • Air conditioner
  • 1 bd $640
    Base rent
    Verified Listing

    1422 Irish Drive Apt 4, Waterloo, IA 50701
    Pet friendly • Patio/Balcony • Wheelchair Access
3-0-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 23 Jun 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.

Apartments in Waterloo City, IA under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 22 apartments for rent in Waterloo City, IA on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Waterloo City, IA is 728 Sqft, but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.