Rent by ZIP · Black Hawk County
Rent in Waterloo, IA 50701
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,030 (+5.1% vs FY2026). Renters in this ZIP code pay a median $850 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $720 | $680 | +5.9% | $648–792 | $544 ±$153 |
| 1 bedroom | $790 | $750 | +5.3% | $711–869 | $660 ±$32 |
| 2 bedrooms | $1,030 | $980 | +5.1% | $927–1,133 | $882 ±$51 |
| 3 bedrooms | $1,320 | $1,270 | +3.9% | $1,188–1,452 | $1,253 ±$124 |
| 4 bedrooms | $1,720 | $1,640 | +4.9% | $1,548–1,892 | $1,392 ±$105 |
Small Area FMRs for the Waterloo-Cedar Falls, IA HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Waterloo-Cedar Falls, IA HUD Metro FMR Area, 2 bedrooms: $1,096.
What renters pay in 50701
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 50702 | Waterloo | $1,140 | $980 |
| 50703 | Waterloo | $1,080 | $980 |
| 50707 | Evansdale | $1,050 | $918 |
| 50704 | Waterloo | $1,110 | – |
Fair Market Rents across Black Hawk County, IA · All IA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.