Text 319-224-0861 to schedule a showing. 2 bedroom, 1 bathroom house for rent in Waterloo. Fridge, stove, and microwave included. Washer and dryer hookups, everything main level! No basement to heat! Off street parking and a shed and porch in back for storage. Tenant responsible for all utilities, lawn care, and snow removal. Some pets may be considered with extra charges. We run a full criminal and eviction record. Applicants must have a monthly income of 3 times the monthly rent and have a prior, good rental history to qualify. We do not accept section 8. Please have a deposit and application fee readily available when scheduling a showing Text 319-224-0861 to schedule a viewing
Contact 547 Reed St
Policies
Lease termsDeposit: $875
Deposit
$875
Amenities
In-unitMicrowave
Microwave
CommunityExtra Storage
Extra Storage
Unique featuresSnow Removal, Off Street Parking, Stove
Snow Removal
Off Street Parking
Stove
Heat
Around 547 Reed St
Schools
Places
Transit
3/10
Lincoln Elementary School
Public, PreK-5 • Assigned • 1.2mi
2/10
George Washington Carver Academy
Public, 6-8 • Assigned • 0.1mi
2/10
East High School
Public, 9-12 • Assigned • 1.4mi
Provided by GreatSchools
About Common
Grounds
Common Grounds, located between Downtown Waterloo and the Cedar River corridor, is a residential and mixed-use Waterloo neighborhood with walkable blocks and a café-forward street scene. The neighborhood’s character concentrates around the intersection of East 4th Street and Mulberry Street, where coffee counters, small galleries, and lunch spots keep sidewalks active. Local pillars such as SingleSpeed Brewing Co., the Waterloo Center for the Arts, and the Grout Museum District set a cultural baseline beyond the daily routine. Housing reads as a blend of older Midwestern homes and compact infill near commercial corners. River-adjacent trails and pocket parks shape an outdoorsy rhythm. Downtown venues and civic buildings keep the area feeling connected and purposeful.
Provided by Walk Score and Local Logic
Historical weather
Waterloo, IA • 50703
Average low and high temperatures (°F)
27
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34
16
55
32
62
41
73
50
82
62
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67
81
63
80
56
69
46
48
32
33
17
Jan
Feb
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May
Jun
Jul
Aug
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Nov
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Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Sun exposure
In this area, properties receive around 10 hours in
June and 3.9 hours in December, which is comparable to the
U.S. average for solar exposure.
This property is priced $186 above the rental estimate.
Asking rent
$875
Rental estimate
$689
Nearby comparable rentals
The Rental Estimate uses 0 recent nearby rental.
Sale and tax history for 547 Reed St
Sale History
Tax History
Date
Event
Price
APPFOLIO #2
Aug 22, 2026
Listed for Rent
$875
$1/sq ft
RENT. #1
Mar 18, 2022
Price Changed
$750
$1/sq ft
NEIRBR as distributed by MLS GRID #20172030
Jun 16, 2017
Sold
$35,000
$50/sq ft
Apr 18, 2017
Listed
$39,500
$56/sq ft
+15
Move-in condition ranch that's completely turn-key! Updated oak kitchen, renovated bathroom, plus a great backyard and deck. Updates include shingles/siding too!
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547 Reed St is a 704 square foot property with 2 bedrooms and 1 bathrooms. We estimate that 547 Reed St would rent between $689 / mo.547 Reed St is located in Waterloo, the 50703 zipcode, and the Waterloo Community School District.