4+ Bedroom Apartment Rent in Waterloo, IA
Median asking rent for a 4+ bedroom apartment in Waterloo, Iowa as of August 2026. That's +72% higher than the citywide median of $948 and +35% below the national 4+ bedroom median of $2,522.
Income needed for a 4+ bedroom in Waterloo
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 4+ bedroom at the current median rent.
Rent by apartment size in Waterloo
Compare Waterloo's median rent across every apartment size.
Cheapest cities for a 4+ bedroom in Iowa
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Knoxville | $1,250 |
| 2 | Marshalltown | $1,260 |
| 3 | Newton | $1,290 |
| 4 | Boone | $1,330 |
| 5 | Adel | $1,360 |
| 6 | Clinton | $1,380 |
| 7 | Indianola | $1,430 |
| 8 | Sioux City | $1,430 |
| 9 | Burlington | $1,450 |
| 10 | Pella | $1,470 |
| 11 | Fort Dodge | $1,480 |
| 12 | Des Moines | $1,559 |
| 13 | Davenport | $1,562 |
| 14 | Marion | $1,580 |
| 15 | Grimes | $1,590 |
Most expensive cities for a 4+ bedroom in Iowa
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | North Liberty | $2,150 |
| 2 | Iowa City | $1,950 |
| 3 | Ankeny | $1,945 |
| 4 | Johnston | $1,900 |
| 5 | Ames | $1,890 |
| 6 | Cedar Falls | $1,880 |
| 7 | Waukee | $1,870 |
| 8 | Bettendorf | $1,860 |
| 9 | Coralville | $1,800 |
| 10 | Urbandale | $1,790 |
| 11 | West Des Moines | $1,785 |
| 12 | Cedar Rapids | $1,745 |
| 13 | Altoona | $1,740 |
| 14 | Pleasant Hill | $1,710 |
| 15 | Norwalk | $1,700 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 4+ bedroom rents than Waterloo.
| City | Distance | 4+ Bedroom rent | vs Waterloo |
|---|---|---|---|
| Cedar Falls, IA | 12.5 mi | $1,880 | +$250 (+15%) |
| Marshalltown, IA | 50.1 mi | $1,260 | $-370 (-23%) |
| Cedar Rapids, IA | 56.4 mi | $1,745 | +$115 (+7%) |
| Marion, IA | 59.2 mi | $1,580 | $-50 (-3%) |
| North Liberty, IA | 67.7 mi | $2,150 | +$520 (+32%) |
| Newton, IA | 72.5 mi | $1,290 | $-340 (-21%) |
| Coralville, IA | 72.9 mi | $1,800 | +$170 (+10%) |
| Iowa City, IA | 78.5 mi | $1,950 | +$320 (+20%) |
| Pella, IA | 83.2 mi | $1,470 | $-160 (-10%) |
| Austin, MN | 95.4 mi | $1,400 | $-230 (-14%) |
| Ames, IA | 96.5 mi | $1,890 | +$260 (+16%) |
| Altoona, IA | 97.7 mi | $1,740 | +$110 (+7%) |
4+ Bedroom rent in Waterloo — common questions
How much is a 4+ bedroom apartment in Waterloo?
As of August 2026, the median 4+ bedroom apartment rent in Waterloo, Iowa is $1,630 per month. This is +72% higher than the citywide median of $948.
What income do you need to afford a 4+ bedroom in Waterloo?
Using the standard 30% rent-to-income rule, you would need an annual income of about $65,200 ($5,433/month gross), which works out to roughly $31.35/hour at a full-time job.
Is Waterloo expensive for a 4+ bedroom compared to the rest of the US?
Waterloo's 4+ bedroom median of $1,630 is +35% below the national 4+ bedroom median of $2,522. It ranks in the 12th percentile of US cities tracked.
How does Waterloo rank for 4+ bedroom rent in Iowa?
Among the 33 cities in Iowa with 4+ bedroom data, Waterloo ranks #17 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Waterloo?
Yes — nearby cities with cheaper 4+ bedroom rents include Marshalltown ($1,260), Marion ($1,580), Newton ($1,290).