Rent in Waterloo, IA
Across Waterloo's 4 ZIP codes, a 2-bedroom typically rents for about $980 a month, with figures from $882–$1,096. The highest typical rent is in 50704 ($1,096) and the lowest in 50701 ($882). 3 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Black Hawk County pay about 1.50% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $697 | $544–$763 | 4 |
| 1 bed | $651 | $600–$838 | 4 |
| 2 beds | $980 | $882–$1,096 | 4 |
| 3 beds | $1,189 | $1,091–$1,401 | 4 |
| 4 beds | $1,287 | $1,109–$1,832 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Waterloo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Waterloo, IA?
- About $980 a month: the median of the typical rents in 4 ZIP codes, which range from $882–$1,096. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Waterloo, IA?
- About $651 a month: the median of the typical rents in 4 ZIP codes, which range from $600–$838. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Waterloo, IA?
- About $1,189 a month: the median of the typical rents in 4 ZIP codes, which range from $1,091–$1,401. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Waterloo, IA?
- About $697 a month: the median of the typical rents in 4 ZIP codes, which range from $544–$763. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Waterloo, IA?
- About $1,287 a month: the median of the typical rents in 4 ZIP codes, which range from $1,109–$1,832. Figures are gross rent (rent plus tenant-paid utilities).
- Which Waterloo ZIP code has the highest rent?
- For a 2-bedroom, 50704 has the highest typical rent at $1,096 a month, and 50701 the lowest at $882.
- What is the property tax rate in Waterloo, IA?
- Owner-occupied homes in Black Hawk County pay a typical 1.50% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Waterloo rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).