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Apartments for Rent in Waterloo, IA under $700

22 Rentals Available
Apartments for Rent in Waterloo, IA under $700. 22 Rentals Available
  • A kitchen with a table and chairs.
    5
    Today

    1009 South Hackett Road, Waterloo, IA 50701
    STUDIO $399+
  • A playground with a blue slide and a brown pavement.
    Today

    100 Unity Square, Waterloo, IA 50703
    STUDIO $533+
  • a living room with six windows and a table
    Today

    627 Sycamore Street, Waterloo, IA 50703
    Income Restricted
    1 BED $550
    2 BEDS $625
  • A kitchen with wooden cabinets and a white refrigerator.
    3 days ago

    1422 Irish Drive, Waterloo, IA 50701
    1 BED $610
4-0-city
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Getting around in Waterloo, IA

15 /100
Car-Dependent
20 /100
Minimal Transit
52 /100
Bikeable
Walk Score®: 15, Transit Score®: 20, Bike Score®: 52

Frequently asked questions

When were prices and availability in Waterloo, IA last updated?

Prices and availability in Waterloo, IA were last updated on 23 Nov 2025.

What are the best apartments in Waterloo, IA?

The best apartments in Waterloo, IA are: Union at North Crossing, Greenhill Point, Unity Square Townhomes, Marsh Place Apartments and Waterloo, IA 1205 E San Marnan.

What type of rental buildings are in Waterloo, IA?

In Waterloo, 39% of the residents are renting compared to 61% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Waterloo’s rentals, 49% are small-scale complexes with under 50 units, and 39% are single-family rentals.

Renting apartments in Waterloo, IA under $700

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 22 apartments for rent in Waterloo, IA from 4 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $700, and make the most out of your budget.

Finding the best rental near you

Waterloo, IA is an amazing place to call home, with several rentals under $700 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $399 in Waterloo, IA, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!