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Affordable apartments in Waterloo, Iowa

16 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

15 lihtc1 section 8

Buildings

HERITAGE APTS

LIHTC
65 CONGER ST, WATERLOO, IA, 50703
Income-restricted units
101 of 101
Year placed in service
2007
Bedroom mix
20 1BR · 53 2BR · 28 3BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

THE PRESERVE AT CROSSROADS

LIHTC
1455 OLESON RD, WATERLOO, IA, 50702
Income-restricted units
96 of 96
Year placed in service
2011
Bedroom mix
32 1BR · 40 2BR · 24 3BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

RUSSELL LAMSON

LIHTC
209 W FIFTH ST, WATERLOO, IA, 50701
Income-restricted units
90 of 90
Year placed in service
2012
Bedroom mix
24 studio · 50 1BR · 15 2BR · 1 3BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

HOTEL PRESIDENT

LIHTC
500 SYCAMORE ST, WATERLOO, IA, 50703
Income-restricted units
84 of 84
Year placed in service
2015
Bedroom mix
38 studio · 46 1BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

THE ROSE OF WATERLOO

LIHTC
421 OAK AVE, WATERLOO, IA, 50703
Income-restricted units
64 of 64
Year placed in service
2007
Bedroom mix
60 1BR · 4 2BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

LEGACY MANOR OF WATERLOO

LIHTC
1050 FLAMMANG DR, WATERLOO, IA, 50702
Income-restricted units
60 of 60
Year placed in service
2012
Bedroom mix
30 1BR · 30 2BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

LIBERTY MANOR

Section 8
1119 Kent Cir, Waterloo, IA, 50701
Income-restricted units
57 of 57
Year placed in service
Not reported

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

LIBERTY MANOR

LIHTC
1119 KENT CIR, WATERLOO, IA, 50701
Income-restricted units
54 of 57
Year placed in service
2010
Bedroom mix
57 1BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

STOKES MANOR

LIHTC
1311 PROSPECT AVE, WATERLOO, IA, 50703
Income-restricted units
52 of 52
Year placed in service
2003
Bedroom mix
52 1BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

PINEVIEW APTS

LIHTC
3850 PINEVIEW PL, WATERLOO, IA, 50701
Income-restricted units
50 of 54
Year placed in service
2001
Bedroom mix
2 1BR · 34 2BR · 18 3BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

GREENHILL POINT

LIHTC
1009 SOUTH HACKETT ROAD, WATERLOO, IA, 50701
Income-restricted units
42 of 47
Year placed in service
2020
Bedroom mix
11 1BR · 17 2BR · 19 3BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

UNITY SQUARE

LIHTC
100 UNITY SQ, WATERLOO, IA, 50703
Income-restricted units
40 of 40
Year placed in service
2010
Bedroom mix
13 2BR · 20 3BR · 7 4+BR

Estimated total housing cost: $865 rent + $117 utilities = $982/mo

Contact property management for current availability. Waitlists may apply.

Showing 12 of 16. Open any pin on the map below for the rest.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Iowa

Residential electricity in Iowa runs about 13.85¢/kWh, with a typical monthly residential electric bill near $117. Natural gas runs about $15.27/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Waterloo, IA

Metro-level
BedroomsLocal FMRNational median
Studio$735n/a
1 bedroom$822n/a
2 bedroom$865$1,502
3 bedroom$1,125n/a
4 bedroom$1,298n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Black Hawk County, IA

Waterloo-Cedar Falls, IA. FY2025. Area median income: $90,400.

Household size30% AMI50% AMI80% AMI
1 person$19,350$32,200$51,550
2 people$22,100$36,800$58,900
3 people$26,650$41,400$66,250
4 people$32,150$46,000$73,600
5 people$37,650$49,700$79,500
6 people$43,150$53,400$85,400
7 people$48,650$57,050$91,300
8 people$54,150$60,750$97,200

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Iowa cities

See all affordable-rental cities in Iowa

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Waterloo cost-of-living and Fair Market Rent overview