Located just outside of Cedar Falls and about an hour west of Cedar Rapids, Waterloo, Iowa, is a vibrant and growing city that offers an array of rental opportunities. With a population of nearly 70,000, Waterloo is the sixth largest city in Iowa and offers a variety of rental options including single-family homes, condos, townhomes, and apartments.
Waterloo is known for its excellent schools, with both public and private options available. High-performing public schools include East High School, George Washington Carver Academy, and Hoover Elementary. Private schools include Waterloo Christian School and Blessed Maria Assunta Pallotta Catholic School.
Waterloo has a variety of neighborhoods to choose from, each with its own unique charm. Downtown Waterloo is one of the most popular neighborhoods for renters, with its vibrant art scene and eclectic mix of restaurants and bars. Other popular neighborhoods include Central Waterloo, North End, and Upper South End.
The average rent in Waterloo is $741, according to ApartmentList.com. Prices vary depending on the size, location, and amenities of the rental property. One-bedroom apartments typically range from $500 to $850, while two-bedroom apartments can range from $700 to $1,200
The average rental prices for apartments, townhouses, condos, lofts, and single family homes in Waterloo, Iowa are as follows:
Apartments: $595
Townhouses: $735
Condos: $850
Lofts: $795
Single Family Homes: $1,010
According to Zillow, the median rent price in Waterloo, IA has increased by 10.9% over the last 5 years. In December 2016, the median rent price in Waterloo, IA was $621, and as of December 2020, the median rent price is $687.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Waterloo, IA, as of May 2021, are as follows:
1-bedroom: $610
2-bedroom: $770
3-bedroom: $945
Waterloo, Iowa is part of the Waterloo Community School District. This district serves around 7,000 students in grades K-12 and is ranked highly compared to other schools in Iowa. In comparison to the rest of the United States, Waterloo Community School District has slightly higher test scores and graduation rates than the average American district. The district also has a higher percentage of students qualifying for free or reduced-price lunch, as well as higher rates of English language learners and students with special needs.
1. Downtown Waterloo
2. Cedar Valley/Crossroads
3. West Waterloo
4. East Waterloo
5. Kingsley/Overlook Hill
1. Cedar Valley
2. Highland Park
3. College View
4. Ridgeway
5. Westover Hills