Rent to own Homes in Waterloo, IA

Finding a great place to live can be challenging when you don't know what your options are. Arm yourself with as much information as possible and you will make the task that much easier.

Waterloo, IA is a great place for affordable rent-to-own homes! With a median household income of over $46,942 and a median rent of $776, the Waterloo, IA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Waterloo, IA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Waterloo, IA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
724 LINCOLN ST
Rent To Own
Common Grounds
Single Family Home
Waterloo, IA 50703
3
1
1460 ft2
1900
821 GROVE ST
Rent To Own
Washington Park
Single Family Home
Cedar Falls, IA 50613
4
3
560 ft2
1922
Hot
2111 VINE ST
Rent To Own
North Cedar
Single Family Home
Cedar Falls, IA 50613
3
2
1440 ft2
2008
1 of 15 1711 HAMMOND AVE
Rent To Own
 
Single Family Home
Waterloo, IA 50702
3
1
1435 ft2
1955
Hot
1 of 11 4521 LAFAYETTE RD
Rent To Own
 
Single Family Home
Evansdale, IA 50707
3
2
1106 ft2
1951
1 of 19 3232 HOMEWAY DR
Rent To Own
College Square
Single Family Home
Cedar Falls, IA 50613
5
3
3082 ft2
1961
1 of 6 4006 CARDINAL CT
Rent To Own
College Square
Single Family Home
Cedar Falls, IA 50613
4
3
2404 ft2
1969
2822 SUNNY LN
Rent To Own
Cedar Heights
Single Family Home
Cedar Falls, IA 50613
4
2
1370 ft2
1953
Hot
1 of 19 1143 FOREST AVE
Rent To Own
Liberty Park
Single Family Home
Waterloo, IA 50702
2
1
954 ft2
1913
1 of 20 160 BERKSHIRE RD
Rent To Own
 
Single Family Home
Waterloo, IA 50701
3
3
2001 ft2
1953
1 of 12 6932 ANSBOROUGH AVE
Rent To Own
 
Single Family Home
Waterloo, IA 50701
6
6
4818 ft2
2009
Hot
1 of 31 2415 CENTRAL AVE
Rent To Own
North Cedar
Single Family Home
Cedar Falls, IA 50613
4
3
2456 ft2
2004
1 of 11 5038 KAEL TRL
Rent To Own
 
Single Family Home
Cedar Falls, IA 50613
4
3
2884 ft2
2012
1 of 11 411 TREMONT ST
Rent To Own
Overman Park
Single Family Home
Cedar Falls, IA 50613
3
2
1848 ft2
1900
1 of 7 4910 ALGONQUIN DR #3
Rent To Own
 
Townhouse/Condo
Cedar Falls, IA 50613
2
4
1552 ft2
2011
Hot
1 of 24 4705 GLORIA ST
Rent To Own
 
Single Family Home
Cedar Falls, IA 50613
4
3
2654 ft2
2016
1 of 21 110 PRESTIEN DR
Rent To Own
 
Single Family Home
Denver, IA 50622
3
2
1650 ft2
1947
Hot
1 of 10 218 HIGHLAND AVE
Rent To Own
 
Single Family Home
Readlyn, IA 50668
3
3
1569 ft2
1952
1 of 26 1161 Lakeview Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Buckingham, IA 50612
4
4
3200 ft2
1993
Hot
1 of 20 256 W CEDAR ST
Rent To Own
 
Single Family Home
Dike, IA 50624
4
2
1600 ft2
1961
1 of 12 19 9TH AVE SE
Rent To Own
 
Single Family Home
Oelwein, IA 50662
2
2
1008 ft2
1948
1 of 16 6629 TERRAZZO DR NW
Rent To Own
 
Single Family Home
Cedar Rapids, IA 52405
4
3
2518 ft2
1982
1 of 10 2600 E 4TH ST
Auction
 
Single Family Home
Waterloo, IA 50703
2
1
1042 ft2
1939
Hot
1402 LONGFELLOW AVE
REO Foreclosure
 
Single Family Home
Waterloo, IA 50703
2
1
1430 ft2
1961
320 SUMNER ST
REO Foreclosure
We Care
Single Family Home
Waterloo, IA 50703
2
1
660 ft2
1919
New
2120 CITY VIEW ST
Auction
Cityview
Single Family Home
Evansdale, IA 50707
3
1
900 ft2
1961
904 ROYAL DR
Auction
Valley Park
Single Family Home
Cedar Falls, IA 50613
4
2
2023 ft2
1966
2539 W 3RD ST
Auction
 
Single Family Home
Waterloo, IA 50701
3
1
1320 ft2
1917
New
1 of 27 806 MARSH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Waterloo, IA 50701
2
2
976 ft2
1919
New
1000 W 11TH ST
Pre-Foreclosure (Lis Pendens)
Liberty Park
Single Family Home
Waterloo, IA 50702
2
3
872 ft2
1940
1 of 12 825 WISNER DR
Auction
Liberty Park
Single Family Home
Waterloo, IA 50702
3
2
1380 ft2
1958
New
1417 W 3RD ST
Pre-Foreclosure (Lis Pendens)
Church Row Historic
Single Family Home
Waterloo, IA 50701
3
4
1408 ft2
1907
Hot
1 of 17 306 MONROE ST
REO Foreclosure
Neighbors For Life
Single Family Home
Waterloo, IA 50703
4
2
1310 ft2
1951
New
1835 W 3RD ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Waterloo, IA 50701
3
3
1232 ft2
1911
New
1728 HAWTHORNE AVE
Pre-Foreclosure (Lis Pendens)
Liberty Park
Single Family Home
Waterloo, IA 50702
3
2
1600 ft2
1910
New
455 MORRELL AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Evansdale, IA 50707
2
1
616 ft2
1930
New
1 of 15 1641 PATTON AVE
Pre-Foreclosure (Lis Pendens)
Liberty Park
Single Family Home
Waterloo, IA 50702
3
3
986 ft2
1956
New
2026 ANSBOROUGH AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Waterloo, IA 50701
5
3
1624 ft2
1937
New
225 DIXIE CIR
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Evansdale, IA 50707
2
1
1394 ft2
1947
New
326 W 7TH ST
Pre-Foreclosure (Lis Pendens)
Downtown
Multifamily (5+ Units)
Waterloo, IA 50702
4
7
3040 ft2
1890
123 FRENCH ST
Auction
Neighbors For Life
Single Family Home
Waterloo, IA 50703
2
1
1118 ft2
1906
Hot
1012 1ST AVE
REO Foreclosure
 
Single Family Home
Evansdale, IA 50707
3
2
1320 ft2
1936
1 of 8 432 GABLE ST
Auction
Roosevelt
Single Family Home
Waterloo, IA 50703
3
1
922 ft2
1947
4566 LAFAYETTE RD
Auction
 
Single Family Home
Evansdale, IA 50707
3
1
1609 ft2
2003
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Buying a Home in Waterloo, IA

Waterloo, IA is seeing rapid growth and Waterloo, IA's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Waterloo, IA is part of Black Hawk county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Black Hawk is 1.45% which is above the national average, which is 0.99%.

Median Home Price in Waterloo, IA

Median Rent in Waterloo, IA

Rent to own homes offer low monthly payments and flexible terms.

Local Restaurants Waterloo has a wide variety of restaurants and cuisines to satisfy even the most picky eater. Wander around and sample all this fine city has to offer. Two of the top restaurants in Waterloo are the Waterloo Brown Bottle and Cu Restaurant. At the Waterloo Brown you can enjoy perfectly cooked prime rib or a meatball sub. They also offer made to order pizza and a wide variety of Pastas. At Cu, the bacon crusted scallops are delicious!

Arts and Culture The Waterloo Center for the Arts is a feast for the soul. This center specializes in the visual and performing arts and has the largest collection of Haitian art in the country. The Phelps Youth Pavilion is a great place to generate an interest and love for art in the next generation. With plenty of hands-on activity, every visit will be unique. The Grout Museum of History and Science is another attraction that you should check out. The planetarium is worth the visit all by itself, but the wide variety of exhibits, particularly Pioneer Hall, will keep you coming back for more.

Local Events and Festivals There is a great deal to experience in Waterloo. The most popular events are the various music and art events that run throughout the year at different venues. Two events you will want to plan to attend are the Iowa Irish Festival and the Fall Harvest Festival. The Iowa Irish Festival features an Irish Stew Cook and Irish music and dancing. The Fall Harvest Festival includes a prairie village where traditional pioneer activities will be demonstrated, as well as a scarecrow contest. You can also be sure that there will be many craft and food vendors present for this event. During the month of October there are various other Halloween and Harvest events such as Hay Rides, Strolling with the Spirits and the Zombie Ball held at the Grout Museum.

Local Sports There is a lot to offer the sports enthusiast in Waterloo. High school sports are very popular here. Residents pack the stands at the games, especially when it's wrestling season. If you're into golf, play a round at the American Golf Course. If you're into tennis, then check out the Black Hawk Tennis Club and the Byrnes Park Tennis Center. And if you're into watching cars going really fast, head over to Cedar Falls Raceway to watch IHRA Drag Racing.