Save This Search

Apartments for Rent in Waterloo, IN under $1500

53 Rentals Available
Apartments for Rent in Waterloo, IN under $1500. 53 Rentals Available
  • an empty kitchen with a refrigerator and a sink
    Today

    300 Knoll Creek Drive, Waterloo, IN 46793
    Income Restricted
    1 BED $823
    2 BEDS $934
    3 BEDS $1,023
  • a kitchen with a wood floor and white appliances
    Today

    300 Knoll Creek Drive, Waterloo, IN 46793
    Income Restricted
    1 BED $686
    2 BEDS $819

  • More Rentals Near Waterloo, IN

  • the front of a white apartment building with a sidewalk and grass
    Today

    100 Chapel Lane, Ashley, IN 46705
    Income Restricted
    1 BED $450+
    2 BEDS $699
    3 BEDS $751
  • an empty kitchen with white appliances and wooden cabinets
    Today

    1100 Huron Way, Auburn, IN 46706
    Income Restricted
    1 BED $679+
    2 BEDS $700+
    3 BEDS $846
  • a living room with a leather couch and a tv
    Today

    900 Griswold Court, Auburn, IN 46706
    1 BED $920+
    2 BEDS $984+
  • Renting has its Rewards
    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
    Earn points for:
    Internet and Entertainment
    Utilities
    Insurance
    Learn more
  • an empty kitchen with a stove refrigerator and sink
    Today

    233 High Street, Butler, IN 46721
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a blue house with a sidewalk in front of it
    Today

    400 Oak Trail, Kendallville, IN 46755
    Income Restricted
    1 BED $699
    2 BEDS $771
  • an empty kitchen with a stove and a sink
    Today

    400 Oak Trail, Kendallville, IN 46755
    Income Restricted
    1 BED $699+
    2 BEDS $771+
    3 BEDS Ask for Pricing
  • a living room with couches and chairs and a tv
    Today

    301 E Wayne Street, Kendallville, IN 46755
    1 BED $292+
    2 BEDS $347+
  • a living room with a couch and a coffee table
    Today

    199 Northcrest, Angola, IN 46703
    1 BED $1,120
    2 BEDS $1,125+
  • a living room with a couch and a tv
    Today

    1815 Raleigh Ave, Kendallville, IN 46755
    1 BED $975
    2 BEDS $1,019+
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • a kitchen with a stove and a refrigerator
    Today

    358 E. Gerhart St., Edgerton, OH 43517
    Income Restricted
    1 BED $837
    2 BEDS $956
    3 BEDS $830
  • an empty kitchen with a white tile floor and wooden cabinets
    Today

    10 Surrey Lane, Grabill, IN 46741
    Income Restricted
    1 BED $584
    2 BEDS $677
    3 BEDS $721
  • a white refrigerator in a kitchen with wooden cabinets
    Today

    6060 N Market Street, Orland, IN 46776
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
2-12-city
Nice work, you've checked out every rental here! Expand your search to find your happy place.

Save Search

Getting around in Waterloo, IN

22 /100
Somewhat Bikeable
Bike Score®: 22

Frequently asked questions

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

Prices and availability in Waterloo, IN were last updated on 23 Feb 2026.

What are the best apartments in Waterloo, IN?

The best apartments in Waterloo, IN are: Waterloo and Knoll Creek.

What type of rental buildings are in Waterloo, IN?

In Waterloo 26% of the housing is rented out compared to 74% of homes are owned, according to the most recent Census Bureau estimates. none 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 44% are single-family rentals.

Renting apartments in Waterloo, IN under $1,500

Searching for apartments for rent in Waterloo, IN under $1,500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Waterloo, IN, where the average rent is $820 per month, there are 53 units available for less than $1,500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Waterloo, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Waterloo, IN going for $292 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

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