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Cheap Apartments for Rent in Waterloo, IA

Quick filters
  • Apartments Under $400 Apartments Under $1,000 Apartments Under $1,100

  • Apartments Under $400

  • New Units Available 7 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

  • Apartments Under $1,000

  • Apartments Under $1,100

  • New Units Available Only 1 unit left
    Studio $1,083
    Base rent
    Verified Listing

    Unity Square Townhomes

    100 Unity Square, Waterloo, IA 50703
    Apply online • Air conditioner • Washer/Dryer
  • 3-0-city

Frequently asked questions

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

The price range of a cheap apartment is between $399 and $1,083.

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

There are 20 cheap rentals available on RentCafe. Prices and availability in Waterloo, IA were last updated on 1 Sep 2026.

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

The average Waterloo, IA cheap apartment size is 969 sq. ft.

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

Cheap apartments in Waterloo, 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, IA?

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