In Waterloo 22% of the housing is rented out compared to 78% of homes are owned, according to the most recent Census Bureau estimates. 8% of Waterloo's apartments are found in large buildings of 50 units or more, 72% are located in smaller apartment complexes with less than 50 units, and 20% are single-family rentals.
The average age of rental buildings in Waterloo is 0 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 0 stories, of which none are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in Waterloo are around 0% of rentals, while 1-bedroom floor plans represent 0% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 0% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Waterloo, Illinois, positioned in the southern part of the state, lies approximately 25 miles from the major urban center of St. Louis, Missouri. This proximity allows for easy access to the larger city’s resources while maintaining a quieter, small-town atmosphere. Key industries in Waterloo include agriculture, small manufacturing, and retail, which contribute to the local economy and attract renters looking for employment opportunities outside of the bustling city life.
The city is home to several parks and recreational areas like Lakeview Park and Koenigsmark Park, which provide residents with ample space for outdoor activities including hiking, picnicking, and sports. The Monroe County History Museum and the Peterstown House offer glimpses into the area's rich historical tapestry, enhancing its cultural landscape.
Waterloo’s culinary scene includes a mix of traditional American fare and international cuisines, with local favorites such as JV’s Downtown Bar and Grill and Gallagher’s Restaurant. Educationally, the city is served by the Waterloo Community Unit School District, which includes several elementary schools, a junior high school, and a high school known for its strong academic programs.
In Waterloo, renters can find a variety of housing options ranging from modern apartments to single-family homes. Architectural styles largely reflect Midwestern traditions with modern and contemporary developments in newer areas. The neighborhoods near the city center are particularly popular due to their proximity to cultural institutions like the Waterloo Public Library and easy access to public transportation.
Typical rental properties include two to three-bedroom homes in family-friendly neighborhoods such as Sterritt’s Run, which offers peace and quiet as well as community connectivity. This area appeals to families and older adults, while areas closer to the business districts are more attractive to young professionals due to their vibrant atmosphere and proximity to nightlife and dining.
Waterloo features a range of shopping experiences from local boutiques to practical shopping centers. The Waterloo Commons and the Market Place are two major shopping centers that offer a variety of stores from national retail chains to local specialty shops. For a more unique shopping experience, the historic downtown area boasts antique shops and local craftsmen selling everything from handmade goods to luxury items.
Common grocery stores in Waterloo include Schnucks and Walmart, providing residents with convenient options for everyday necessities. Additionally, local retail brands such as Gypsy Soul Boutique and Mill Street Treasures offer unique shopping experiences that reflect the local culture and style.
Public transportation in Waterloo includes bus services that connect various parts of the city to each other and to neighboring towns. The Monroe-Randolph Transit (MRT) offers routes that cover key attractions and residential areas, facilitating easy and affordable travel within the city.
The city’s layout and proximity to major highways such as Illinois Route 3 make it easy for residents to drive to and from St. Louis or other nearby cities. For longer or international travel, the Lambert-St. Louis International Airport is less than an hour’s drive away, providing significant connectivity to broader destinations.
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