Cheap Apartments for Rent in Waterloo, IA

Apartments Under $400 Apartments Under $1,000 Apartments Under $1,100
Apartments Under $400
8 units available

Studio $399+

2 bd $475+

Verified Listing
Greenhill Point

4.5 (1)

1009 South Hackett Road, Waterloo, IA 50701

Apply online • In unit laundry • Dishwasher
Apartments Under $1,000
2 bd $930

Verified Listing
1229 Ravenwood Rd, Unit 1237-1

1229 Ravenwood Rd, Waterloo, IA 50702

Pet friendly • Dishwasher
Apartments Under $1,100
Only 1 unit left

Studio $1,083

Verified Listing
Unity Square Townhomes

100 Unity Square, Waterloo, IA 50703

Apply online • In unit laundry • Air conditioner
3-0-city

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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 26 cheap rentals available on RentCafe. Prices and availability in Waterloo, IA were last updated on 23 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.