Rentometer, Inc. | Data as of 10/23/2025
Waterloo‑Cedar Falls, IA, offers a balanced rental market that appeals to students, professionals, and families alike. The metro area’s blend of historic downtown districts, lively university neighborhoods, and peaceful suburban streets creates a variety of housing options, from modern apartments near the University of Northern Iowa campus to spacious single‑family homes in family‑friendly enclaves like McAuliffe and Waverly. Residents enjoy easy access to cultural attractions such as the Grout Museum, the Cedar Falls Historic District, and the vibrant Riverbend Park waterfront, making the area both convenient and recreationally rich.
Apartment rentals in the metro cater to a range of lifestyles, with studio units averaging just under $900 and one‑bedroom apartments typically in the $1,000 range, while larger three‑ and four‑plus bedroom apartments reach the $1,200‑$1,500 bracket. Single‑family houses provide competitive pricing, especially for one‑ and two‑bedroom units that sit below $1,000 on average, while three‑bedroom homes approach $1,200 and larger homes exceed $1,600. These figures reflect both median and average rent trends, offering prospective renters clear insight into budget expectations across property types.
The region’s strong rental fundamentals are supported by a steady demand from the university community, a growing tech and manufacturing sector, and an attractive quality of life that includes excellent schools, numerous parks, and a thriving local dining scene. Whether seeking the convenience of downtown living or the tranquility of a suburban neighborhood, renters in Waterloo‑Cedar Falls benefit from a diverse inventory and a market that consistently balances affordability with modern amenities.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $962 | $970 | $735 - $1,200 | $795 - $1,135 |
| Apartment | 1 Bedroom | $1,035 | $905 | $550 - $1,750 | $770 - $1,300 |
| Apartment | 2 Bedroom | $1,198 | $1,080 | $525 - $3,433 | $825 - $1,500 |
| Apartment | 3 Bedroom | $1,175 | $1,142 | $505 - $1,950 | $850 - $1,450 |
| Apartment | 4+ Bedroom | $1,230 | $1,500 | $295 - $2,000 | $520 - $1,700 |
| House | 1 Bedroom | $687 | $687 | $525 - $850 | $550 - $775 |
| House | 2 Bedroom | $1,026 | $925 | $600 - $2,200 | $800 - $1,200 |
| House | 3 Bedroom | $1,220 | $1,125 | $755 - $2,500 | $950 - $1,450 |
| House | 4+ Bedroom | $1,699 | $1,750 | $800 - $2,700 | $1,400 - $2,000 |
In the current period, the average rent in Waterloo-Cedar Falls, IA was $963 for Studio, $922 for 1 Bedroom, $1,440 for 2 Bedroom, $1,216 for 3 Bedroom, and $1,635 for 4+ Bedroom.
Data provided by Rentometer, Inc.