Can A Real Estate Agent Afford Rent in Waterloo, IA?
Comfortably affordable — rent takes 17.9% of gross income.
Waterloo rent: June 2026. Salary: BLS OEWS May 2024 (Iowa state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Iowa cities have lower median rent than Waterloo, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Waterloo
View full rent data for Waterloo, IA →Frequently asked questions
Can a real estate agent afford rent in Waterloo, IA?
Median rent in Waterloo is $898 a month. A typical real estate agent in Iowa earns about $60,334 a year, which makes that rent 17.9% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Waterloo?
Using the 30% rule, a real estate agent salary in Iowa (~$60,334/yr) supports up to $1,508 a month in rent. Waterloo's current median rent is $898/mo, which leaves a $610/mo buffer.
How many hours does a real estate agent work to cover rent in Waterloo?
At an hourly equivalent of about $29 an hour, a real estate agent in Iowa works roughly 31 hours a month to cover Waterloo's median rent of $898.
Where is rent cheaper than Waterloo for a real estate agent?
Nearby Iowa cities with lower median rent include Cedar Rapids ($897/mo), Marshalltown ($893/mo), Newton ($887/mo). Each shifts the affordability math materially on a real estate agent salary.