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Cheap Apartments for Rent in Waterloo, IA

Cheap Apartments for Rent in Waterloo, IA. 7 Rentals Available
7 Rentals Available
Quick filters
Apartments Under $400 Apartments Under $900 Apartments Under $1,000

Apartments Under $400

  • 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

Apartments Under $900

  • Studio $862
    Base rent
    Verified Listing

    100 Unity Square, Waterloo, IA 50703
    Air conditioner • Washer/Dryer

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 $900.

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

There are 12 cheap rentals available on RentCafe. Prices and availability in Waterloo, IA were last updated on 25 Jul 2026.

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

The average Waterloo, IA cheap apartment size is 1,001 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.