$1,500
2 beds2 baths1,154 sqftApartment
301-311 E 3rd St, Waterloo, IA, 50703
Rentals in Waterloo, IA Under $1,500/mo
214 Results
$800
Studio1 bath294 sqftApartment
4711 University Ave, Cedar Falls, IA, 50613
$795
2 beds1 bath851 sqftApartment
3621 Sager Ave, Waterloo, IA, 50701
$725
1 bed1 bath528 sqftHouse
911 Ashland Ave., Waterloo, IA, 50703
$875
2 beds1 bath768 sqftHouse
712 Western Avenue, Waterloo, IA, 50702
$575
1 bed1 bath450 sqftHouse
311 Dearborn, Waterloo, IA, 50703
$750
2 beds1 bath750 sqftApartment
115 Central Apartments 1-8, Evansdale, IA, 50707
$725
1 bed1 bath643 sqftApartment
1127-1137 Ravenwood Road, Waterloo, IA, 50702
$1,025
2 beds1 bath987 sqftApartment
3401-3501 Cobblestone Circle, Waterloo, IA, 50701
$995
3 beds1 bath950 sqftHouse
1359 Garden Ave, Waterloo, IA, 50701
$700
1 bed1 bathApartment
727 W Park, Waterloo, IA, 50701
$875
2 beds1 bath740 sqftHouse
1212 Lincoln St, Waterloo, IA, 50703
$1,300
4 beds1.5 baths1,200 sqftApartment
405 W Donald St, Waterloo, IA, 50703
$920
2 beds1 bath700 sqftApartment
1008 Leavitt St, Waterloo, IA, 50702
$895
3 beds1 bath960 sqftApartment
405 W Donald St, Waterloo, IA, 50703
$795
2 beds1 bath860 sqftApartment
405 W Donald St, Waterloo, IA, 50703
$795
2 beds1 bath860 sqftApartment
405 W Donald St, Waterloo, IA, 50703
$1,400
3 beds1.5 baths1,452 sqftApartment
30-36 Rachael & 3545-3571 Pheasant Lane, Waterloo, IA, 50701
$825
2 beds1 bath744 sqftApartment
248 - 254 Parkview Blvd, Waterloo, IA, 50702
$750
1 bed1 bath624 sqftApartment
240 - 246 Parkview Blvd, Waterloo, IA, 50702
$795
2 beds1 bath725 sqftApartment
1106-1110 Kent Circle, Waterloo, IA, 50701
$1,245
Studio1 bath503 sqftApartment
4510 Cedar Heights Drive, Cedar Falls, IA, 50613
$1,500
1 bed1 bath771 sqftApartment
4510 Cedar Heights Drive, Cedar Falls, IA, 50613
$1,025
2 beds1 bath1,000 sqftApartment
3855 Pineview Place, Waterloo, IA, 50701
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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