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Apartments for Rent in Waterloo, IA under $1500

40 Rentals Available
Apartments for Rent in Waterloo, IA under $1500. 40 Rentals Available
  • a living room with a couch and a ceiling fan
    Today

    150 Rapids Square, Waterloo, IA 50702
    2 BEDS $1,075
  • an aerial view of an apartment complex with a parking lot and trees at Union at North Crossing, Iowa
    Today

    3330 E. 4Th Street, Waterloo, IA 50703
    Income Restricted
    1 BED $850
    2 BEDS $1,034
    3 BEDS $1,185
  • a living room with six windows and a table
    Today

    627 Sycamore Street, Waterloo, IA 50703
    Income Restricted
    1 BED $500
    2 BEDS $575
  • a multipurpose room with a table and chairs and a kitchen
    Today

    100 Unity Square, Waterloo, IA 50703
    Income Restricted
    2 BEDS Ask for pricing
    3 BEDS Ask for pricing
    4 BEDS Ask for pricing

  • More Rentals Near Waterloo, IA

  • a living room with a couch and a table
    Today

    4426-4606 Ashworth Drive, Cedar Falls, IA 50613
    2 BEDS $1,165
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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 10 Apr 2026.

What are the best apartments in Waterloo, IA?

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

What type of rental buildings are in Waterloo, IA?

In Waterloo 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 10% of Waterloo's apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 39% are single-family rentals.

Your search for apartments in Waterloo, IA under $1,500 stops here

Finding apartments for rent in Waterloo, IA for less than $1,500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 40 available units in Waterloo, IA, renting for under $1,500. On average, $956 can get you 978 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $1,500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,500 in Waterloo, IA goes for $500 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

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