4+ Bedroom Apartment Rent in Waterloo, IL
Median asking rent for a 4+ bedroom apartment in Waterloo, Illinois as of March 2026. That's +21% higher than the citywide median of $1,350 and +35% below the national 4+ bedroom median of $2,520.
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 Illinois
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Carbondale | $908 |
| 2 | Pekin | $1,250 |
| 3 | East Peoria | $1,280 |
| 4 | Quincy | $1,290 |
| 5 | Dixon | $1,300 |
| 6 | Rantoul | $1,300 |
| 7 | Charleston | $1,320 |
| 8 | Peoria Heights | $1,330 |
| 9 | Savoy | $1,340 |
| 10 | Danville | $1,360 |
| 11 | Urbana | $1,380 |
| 12 | Normal | $1,390 |
| 13 | Peoria | $1,407 |
| 14 | Washington | $1,430 |
| 15 | Bloomington | $1,450 |
Most expensive cities for a 4+ bedroom in Illinois
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Morton Grove | $3,980 |
| 2 | Lake Forest | $3,980 |
| 3 | Deerfield | $3,980 |
| 4 | Barrington | $3,980 |
| 5 | Wilmette | $3,820 |
| 6 | Buffalo Grove | $3,820 |
| 7 | Highland Park | $3,760 |
| 8 | Plainfield | $3,685 |
| 9 | Naperville | $3,600 |
| 10 | Vernon Hills | $3,590 |
| 11 | Streamwood | $3,590 |
| 12 | Northbrook | $3,580 |
| 13 | Bartlett | $3,530 |
| 14 | Bolingbrook | $3,505 |
| 15 | Romeoville | $3,490 |
Nearby cities — 4+ bedroom rent
Most nearby cities have similar or higher 4+ bedroom rents than Waterloo.
| City | Distance | 4+ Bedroom rent | vs Waterloo |
|---|---|---|---|
| Oakville, MO | 14.9 mi | $1,780 | +$140 (+9%) |
| Belleville, IL | 17.2 mi | $1,673 | +$33 (+2%) |
| Cahokia, IL | 18 mi | $1,780 | +$140 (+9%) |
| Arnold, MO | 18.1 mi | $1,830 | +$190 (+12%) |
| Concord, MO | 20 mi | $1,830 | +$190 (+12%) |
| Festus, MO | 20 mi | $1,640 | — |
| Affton, MO | 20.1 mi | $1,750 | +$110 (+7%) |
| Fairview Heights, IL | 22.3 mi | $1,960 | +$320 (+20%) |
| Saint Louis, MO | 22.4 mi | $1,851 | +$211 (+13%) |
| Shiloh, IL | 22.4 mi | $1,830 | +$190 (+12%) |
| Maplewood, MO | 23.6 mi | $1,640 | — |
| Fenton, MO | 24.7 mi | $1,800 | +$160 (+10%) |
4+ Bedroom rent in Waterloo — common questions
How much is a 4+ bedroom apartment in Waterloo?
As of March 2026, the median 4+ bedroom apartment rent in Waterloo, Illinois is $1,640 per month. This is +21% higher than the citywide median of $1,350.
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 $65,600 ($5,467/month gross), which works out to roughly $31.54/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 $1,640 is +35% below the national 4+ bedroom median of $2,520. It ranks in the 14th percentile of US cities tracked.
How does Waterloo rank for 4+ bedroom rent in Illinois?
Among the 155 cities in Illinois with 4+ bedroom data, Waterloo ranks #32 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Waterloo?
Most nearby cities have similar or higher 4+ bedroom rents than Waterloo.