2 Bed 1 Bath Home For Rent In Waterloo

📍 547 Reed Street, Waterloo, IA 50703

📋 Property Overview

2 Bed 1 Bath Home For Rent In Waterloo, in Common Grounds, Waterloo, Iowa, has 2 bd / 1 ba. It measures 531 sq ft. Monthly rent ranges $585-$1,800. Features in the home include patio / balcony, W/D hookup, range and microwave. Shared amenities include parking and accepts section 8. The standard lease term is 12 months. Availability: Available now. The Walk Score here is 40, meaning most errands need a car. Transit Score is 18.

🚶 Getting Around

• Walk Score40/100

  Car-Dependent

• Transit Score18/100

  Minimal Transit

💵 Costs & Lease

Deposit

$875

Lease length

12 months

Units available

12 units

Amounts are as published by the source and may change. Confirm before applying.

🧾 Move-in Costs & Lease

Security deposit

$875

Lease length

12 months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Iowa renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 200,819 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

📋 Screening Criteria

What this property looks at when reviewing an application.

Evictions on record

Case by case

✨ Features & Details

• W/D hookup
• Patio / balcony
• Parking
• Microwave
• Range
• Refrigerator
• Accepts section 8
• 704 sq ft
• 851 sq ft
• 0 sq ft
• 531 sq ft
• 621 sq ft
• 684 sq ft
• 700 sq ft
• 1127 sq ft
• 740 sq ft

📊 Property Facts

Walk Score

40 · Car-Dependent

Transit Score

18 · Minimal Transit

🏡 Floor Plans