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Rent Prices in Waterloo, IA
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $923/mo
- Iowa $972/mo
- 2-bedroom median rent
- $948/mo
- Iowa $989/mo
- Renters paying 30%+ of income
- 45.4%
- Iowa 43.9%
- Renter households
- 11,106
- Iowa 372,311
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | $549/mo |
| 1 bedroom | $651/mo |
| 2 bedrooms | $948/mo |
| 3 bedrooms | $1,151/mo |
| 4 bedrooms | $1,178/mo |
| 5 or more bedrooms | $1,580/mo |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income4,77345.4%
- Pay 50% or more of income2,75026.1%
The median renter household spends 28.3% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Waterloo-Cedar Falls, IA HUD Metro FMR Area
2 bedrooms: $1,096/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Waterloo, IA | $923/mo | $651/mo | $948/mo | $1,151/mo | 45.4% |
| Black Hawk County | $989/mo | $695/mo | $983/mo | $1,153/mo | 48.9% |
| Iowa | $972/mo | $770/mo | $989/mo | $1,201/mo | 43.9% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Waterloo, IA?
- The median gross rent in Waterloo, IA is $923 a month, and a typical 2-bedroom rents for $948/mo.
- How does Waterloo compare with Iowa?
- The median rent in Waterloo is $923/mo, compared with $972/mo for Iowa as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates