$525
1 bed1 bath583 sqftApartment
105-111 Elmwood St., Waterloo, IA, 50701
Rentals in Waterloo, IA Under $1,500/mo
214 Results
$1,095
Studio1 bath487 sqftApartment
4711 University Ave, Cedar Falls, IA, 50613
$925
3 beds1 bath971 sqftHouse
2303 Clearview St, Waterloo, IA, 50707
$750
2 beds1 bath732 sqftHouse
215 Western Ave, Waterloo, IA, 50701
$850
3 beds1 bath1,026 sqftHouse
401 Courtland St, Waterloo, IA, 50703
$850
2 beds1 bath864 sqftHouse
912 Broadway St, Waterloo, IA, 50703
$775
2 beds1 bath989 sqftApartment
1225 Langley Rd, Waterloo, IA, 50702
$895
2 beds1 bath891 sqftApartment
725 - 727 W 11th St, Waterloo, IA, 50702
$650
1 bed1 bathApartment
902 Mulberry St, Waterloo, IA, 50701
$1,450
2 beds2 baths1,054 sqftApartment
1003 Bluegrass Cir, Cedar Falls, IA, 50613
$900
Studio1 bath294 sqftApartment
4711 University Ave, Cedar Falls, IA, 50613
$710
1 bed1 bath598 sqftApartment
746 Russell Rd, Waterloo, IA, 50701
$850
2 beds1 bath800 sqftApartment
534-540 Boston Avenue, Waterloo, IA, 50703
$665
1 bed1 bath704 sqftApartment
723 - 723 1/2 South St, Waterloo, IA, 50701
$800
1 bed1 bath440 sqftHouse
601 Hickory St., Waterloo, IA, 50701
$1,133
1 bed1 bath925 sqftApartment
45 W Jefferson Street, Waterloo, IA, 50701
$1,245
Studio1 bath503 sqftApartment
4530 Cedar Heights Drive, Cedar Falls, IA, 50613
$775
2 beds1 bath832 sqftApartment
765 Russell Rd, Waterloo, IA, 50701
$775
2 beds1 bath700 sqftApartment
1021 W 5th St., Waterloo, IA, 50702
$795
2 beds1 bath951 sqftApartment
1111 Langley Rd, Waterloo, IA, 50702
$550
1 bed1 bath400 sqftApartment
420 Sunnyside Avenue, Waterloo, IA, 50701
$650
1 bed1 bathApartment
716 Randolph St, Waterloo, IA, 50702
$820
2 beds1 bath750 sqftApartment
215 Miriam Drive, Waterloo, IA, 50702
$900
2 beds1 bath768 sqftHouse
611 West 8th Street, Waterloo, IA, 50702
Showing 24 of 214 results
Showing 24 of 214 results
Load moreWhat to Know Before Renting Under $1,500 in Waterloo, IA
Rentals under $1,500 per month cover a wide share of Waterloo inventory — expect a mix of one- and two-bedroom apartments, townhomes, and some three-bedroom houses. At this price point, tradeoffs are usually about neighborhood, building age, and amenity package rather than basic habitability. Compare commute time, parking, and in-unit laundry when narrowing your shortlist in Waterloo.
Browse Waterloo Rentals by Bedroom Count
Rentals Under $1,500 Near Waterloo, IA
Frequently Asked Questions About Rentals Under $1,500 in Waterloo, IA
Rentler currently shows 189 rentals in Waterloo priced under $1,500. Inventory at this price point is updated daily — availability changes quickly, especially at the lower price tiers where well-priced units receive applications within 24–48 hours of posting.
At the under $1,500 price point in Waterloo, use the bedroom and property-type filters to narrow to studios, 1-bedrooms, 2-bedrooms, houses, or townhomes. Availability shifts daily — set a listing alert if you want to catch new units as they post.
These terms refer to different things. Cheap or affordable apartments are market-rate units at the lower end of a city's price range — anyone can apply regardless of income. Low-income or income-restricted apartments are subsidized properties (through programs like Section 8, HUD, or LIHTC) that require income qualification, typically at or below 50–80% of the area median income. Both types may appear on Rentler — contact landlords directly on lower-priced listings to ask about income requirements and subsidy acceptance.
Pet-friendly rentals exist across all price tiers. Use Rentler's pet-friendly filter to narrow to properties that accept animals. At lower price points, pet deposits and monthly pet rent still apply — factor that into your total monthly cost when budgeting. Breed and weight restrictions are common even on pet-accepting listings.
Yes — especially on market-rate listings with individual landlords, which make up a significant share of Rentler's inventory. Negotiating leverage is highest in winter (November through January), when fewer people are searching and landlords are more motivated to fill vacancies. Offering a longer lease term, a larger security deposit, or the ability to move in quickly are the most effective negotiating levers.
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