5-Plex Apartment

Franklin Gateway is a Waterloo neighborhood in the Cedar Valley, shaped by the city’s river setting and four-season Midwest climate. Its location offers access to the Cedar River and Waterloo’s broader network of parks and paths, with outdoor options varying by destination. Downtown Waterloo is nearby for restaurants, coffee, shopping, arts and evening entertainment; local errands can also be made along the area’s commercial corridors. Waterloo’s history is reflected in its older buildings and civic landmarks, while museums and performance spaces add cultural outings around the city. Driving is a practical way to reach destinations across Waterloo and neighboring Cedar Falls, with local bus service as another option. For ZIP code 50703, the median rent is $825 per month and the typical range is $400 to $1,300, based on 59 active listings.