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Cheap Apartments for Rent in Waterloo, IA

Quick filters
  • Apartments Under $400 Apartments Under $900 Apartments Under $1,000

  • Apartments Under $400

  • 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 • In unit laundry • Dishwasher

  • Apartments Under $900

  • New Units Available Only 1 unit left
    Studio $862
    Base rent
    Verified Listing

    Unity Square Townhomes

    100 Unity Square, Waterloo, IA 50703
    Apply online • In unit laundry • Air conditioner

  • Apartments Under $1,000

  • 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 $1,194.

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

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

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

The average Waterloo, IA cheap apartment size is 964 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.