$600
1 bed1 bath460 sqftApartment
102 Arlington Apt 3, Waterloo, IA, 50703
Rentals in Waterloo, IA Under $1,500/mo
214 Results
$1,100
Studio1 bath480 sqftApartment
325 E Park Avenue, Waterloo, IA, 50703
$1,100
Studio1 bath404 sqftApartment
325 E Park Avenue, Waterloo, IA, 50703
$1,045
1 bed1 bath614 sqftApartment
923 Maplewood Drive, Cedar Falls, IA, 50613
$1,500
3 beds1 bath998 sqftHouse
1745 Sager Ave, Waterloo, IA, 50701
$1,075
3 beds1 bath772 sqftHouse
1324 Stratford, Waterloo, IA, 50701
$650
1 bed1 bathApartment
215 1/2 East 5th Street, Waterloo, IA, 50703
$1,200
2 beds1 bath1,092 sqftCondo
1867-1931 Pinehurst Ct, Waterloo, IA, 50701
$795
2 beds1 bath725 sqftApartment
1105 Kent Circle, Waterloo, IA, 50701
$695
2 beds1 bath891 sqftApartment
719 - 721 W 11th St, Waterloo, IA, 50702
$1,125
1 bed1 bath676 sqftApartment
21 W Jefferson Street, Waterloo, IA, 50701
$1,375
2 beds1.5 baths902 sqftApartment
923 Maplewood Drive, Cedar Falls, IA, 50613
$1,045
2 beds1 bath1,000 sqftApartment
3855 Pineview Place, Waterloo, IA, 50701
$1,200
3 beds1.5 baths912 sqftHouse
100 Norfolk Rd, Waterloo, IA, 50701
$1,075
2 beds1 bath987 sqftApartment
3401-3501 Cobblestone Circle, Waterloo, IA, 50701
$895
1 bed1 bath675 sqftApartment
3322 Tropic Lane, Waterloo, IA, 50702
$975
Studio1 bath444 sqftApartment
4711 University Ave, Cedar Falls, IA, 50613
$615
1 bed1 bath550 sqftApartment
1009 Thorndale Ave, Waterloo, IA, 50701
$825
2 beds1 bath840 sqftApartment
3301-3349 Cobblestone Circle Apartments, Waterloo, IA, 50701
$850
3 beds1 bath1,248 sqftHouse
1107 Mulberry St, Waterloo, IA, 50703
$795
2 beds1 bath719 sqftApartment
3609 Joan Dr., Waterloo, IA, 50702
$795
2 beds1 bath864 sqftTownhome
1272 W Mullan Ave, Waterloo, IA, 50701
$700
2 beds1 bathApartment
221-231 Miriam, Waterloo, IA, 50702
$525
1 bed1 bathApartment
1109 Sycamore St, Waterloo, IA, 50703
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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