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Updated 3 hours ago

Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms


1141 Lantern Sq Waterloo, IA

1 - 3 Bed
•
1 Bath

672 - 1,282 Sq. Ft.

Available starting Dec. 30th
Floor plans
Studio • 1 Bath
$Ask
Size: N/A
0 Available
Managed By: Lantern Square Apartments
-
$Ask
Rented
View
1 Bed • 1 Bath
$895
672 ft2
1 Available
Managed By: Lantern Square Apartments
1143-10
$895
Available Jan 10th, 2026
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View Rented Units
2 Beds • 1 Bath
$925
956 ft2
1 Available
Managed By: Lantern Square Apartments
1121-6
$925
Available Dec 30th, 2025
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View Rented Units
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3 Beds • 1 Bath
$1,200
1282 ft2
1 Available
Managed By: Lantern Square Apartments
1123-2
$1,200
Available Jan 10th, 2026
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View Rented Units
Where you'll live
Street View
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Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms
Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms
Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms
Location ratings
Walk Score®
42
Car-Dependent
Transit Score®
22
Minimal Transit
Bike Score®
39
Somewhat Bikeable
Amenities
On-site Laundry
Fitness Center
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Pool
Public Transportation
Water Included
Range / Oven
Microwave
High-speed Internet
Elevator
Smoke-free Community
Meal Plan Available
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Parking
Garage - Attached
Lease & Fees
Application Fee: $50
Security Deposit:

895 - 1200

Property details
Description

Welcome to Lantern Square Apartments, your new home in the heart of Waterloo. This prime location offers a blend of comfort and convenience, with a lot of extra amenities designed to enhance your living experience.
Each units offers private balconies, central air conditioning, newer vinyl windows, and the convenience of on-site parking with private garages available. Enjoy the benefit of a full gym and fitness center, accessible 24/7, along with our pool and cabana during summer months.
At Lantern Square Apartments, we've thought of everything to make your life easier and more enjoyable. Come and experience the lifestyle you deserve. Don't forget to stop by the clubhouse and enjoy a cup of coffee from our coffee bar.

Additional Details
Total Unit Count: 132
Last Updated: Updated 3 hours ago
Contact Number: (319) 240-0188
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Mediacom Communications Corp. 1000.0 50.0
LTD Broadband LLC 250.0 250.0
Mediacom Communications Corp. 100.0 10.0
CenturyLink, Inc. 80.0 10.0
CenturyLink, Inc. 40.0 20.0
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms by bedroom type below.
1 Bedroom
Suggested income:
$32,200
per year
2 Bedroom
Suggested income:
$33,300
per year
3 Bedroom
Suggested income:
$43,200
per year
Rent report

Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms Rent vs. Waterloo Average

 Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms      Waterloo Average
1BR
$895
$981
$0
$350
$700
$1,050
$1,400
2BR
$925
$1,061
$0
$350
$700
$1,050
$1,400
3BR
$1,200
$1,113
$0
$400
$800
$1,200
$1,600

Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms is asking 9% less than the average 1 bedroom apartment in Waterloo.

If you upsized to an average priced Waterloo 2 bedroom apartment, you would pay 8% more per month.

If you downsized to an average priced Waterloo studio apartment, you would pay 24% more per month.

Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms provides 4% less square footage than the average Waterloo 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms
1BR $895 $1.30 $2,685
2BR $925 $1.00 $2,775
3BR $1,200 $0.90 $3,600
Waterloo Average
Studio $1,289 $2.90 $3,867
1BR $981 $1.40 $2,943
2BR $1,061 $1.20 $3,182
3BR $1,113 $1.00 $3,340
4BR $1,050 $0.80 $3,150

Availability in Waterloo

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 79 2BR units on the market in Waterloo. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
7% 25% 46% 21% 1%
Available Units in Waterloo
Studio 12
1BR 43
2BR 79
3BR 36
4BR 2
Location
Nearby College

University of Northern Iowa

Nearby Hospitals
Name Distance
Covenant Medical Center 1.47 mi.
Allen Memorial Hospital 4.65 mi.
Sartori Memorial Hospital 6.37 mi.
Nearby Fire Stations
Name Distance
Waterloo Fire Rescue 0.53 mi.
Waterloo Fire Rescue 3.2 mi.
Cedar Falls Fire Rescue 4.23 mi.
FAQs
Is this property currently leasing units?
Yes. There are 3 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 3 units available for move-in over the next 2 months. The soonest move-in date is December 30, 2025.
What's the square footage of the available units?
The available units range from 672 to 1,282 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $895 to $1,200. Lantern Square Apartments Spacious 1, 2 & 3 Bedrooms has 1 bedroom units available starting at $895, 2 bedroom units available starting at $925, and 3 bedroom units available starting at $1,200.
Where is this property located?
This property is at 1141 Lantern Sq in Waterloo, IA. It's 2.5 miles southwest from the center of Waterloo.
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