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Cheap Apartments for Rent in Waterloo, IA

Cheap Apartments for Rent in Waterloo, IA. 10 Rentals Available
10 Rentals Available
Quick filters
Apartments Under $400 Apartments Under $1,000 Apartments Under $1,200

Apartments Under $400

  • New units available 7 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

  • 2 bd $900
    Base rent
    Verified Listing

    1229 Ravenwood Rd, Waterloo, IA 50702
    Apply online • Pet friendly
  • Only 1 unit left
    Studio $989
    Base rent
    Verified Listing

    100 Unity Square, Waterloo, IA 50703
    Apply online

Apartments Under $1,200

  • 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, IA?

The price range of a cheap apartment is between $399 and $1,194.

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

There are 16 cheap rentals available on RentCafe. Prices and availability in Waterloo, IA were last updated on 16 May 2026.

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

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