illinois Date: 02-05-2026

Top 15 Budget-Friendly Restaurants Near You in Waterloo, IL

Find the top 15 budget-friendly restaurants near you in Waterloo, IL, ideal for cheap, tasty, and satisfying meals.

RestaurantsAddressPrice_level
1Casa Romero Mexican Restaurant512 S Market St, Waterloo, IL 62298Inexpensive
2Happy Hour Sports Bar117 N Main St, Waterloo, IL 62298Moderate
3Salt and Honey Bistro610 S Market St, Waterloo, IL 62298Moderate
4Walshs Tavern5237 Kaskaskia Rd, Waterloo, IL 62298Inexpensive
5China King646 N Market St, Waterloo, IL 62298Inexpensive
6Applebees Grill + Bar923 IL-3, Waterloo, IL 62298Moderate
7Tequila Mexican Restaurant835 N Market St, Waterloo, IL 62298Inexpensive
8Willies West End107 S Moore St, Waterloo, IL 62298Undetermined
9Fourth Street Bar & Grill301 S Moore St, Waterloo, IL 62298Inexpensive
10The Coffee Girl219 S Main St, Waterloo, IL 62298Moderate
11Parrot Head Perch117 Obernagel lane, Waterloo, IL 62298Undetermined
12MrBBQ-2643 Ridge Rd, Waterloo, IL 62298Moderate
13Shortys Smokehouse121 S Main St, Waterloo, IL 62298Undetermined
14Fredericos Restaurant114 N Main St, Waterloo, IL 62298Moderate
15Hopskeller Brewing Company116 E 3rd St, Waterloo, IL 62298Undetermined

1.Casa Romero Mexican Restaurant

Address: 512 S Market St, Waterloo, IL 62298

images Casa Romero Mexican Restaurant

(987) user ratings total:

Elena Williams We had a party of 6 ladies. We received great service as soon as we arrived and it carried throughout the dinner, checkout, and departure from every staff member. Food was delicious with everyone ordering something different from the menu.
5 /5
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2.Happy Hour Sports Bar

Address: 117 N Main St, Waterloo, IL 62298

(94) user ratings total:

Robert Bertol Great food and large menu. I get takeout and the food is always hot when I get it. I have got regular menu items and fish on Friday. One of the best restaurants in Waterloo.
5 /5
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3.Salt and Honey Bistro

Address: 610 S Market St, Waterloo, IL 62298

(91) user ratings total:

moly Cute atmosphere and the candy cane mocha was really good! The place has really high ceilings so it feels open and comfy. We didn’t have to wait long at all.
5 /5
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4.Walshs Tavern

Address: 5237 Kaskaskia Rd, Waterloo, IL 62298

(82) user ratings total:

Mark Crazy Train is a very friendly and fun restaurant. Yes, its rustic, but thats a bonus because its always a welcoming place. Its always been clean too. You cant go wrong.
5 /5
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5.China King

Address: 646 N Market St, Waterloo, IL 62298

(75) user ratings total:

Trina S Much better than your typical “strip mall” Asian takeout. Our carry out order was exceptional! We customized our order online and everything was made perfectly. China King uses fresh, not canned, mushrooms and peppers. The rice noodles were the right texture, the veggie fried rice was flavorful and not excessively salty … and the crab Rangoon were FAAANTASTIC. The staff is exceptional, as well. On our online order, we selected “no meat” They noticed that we added a few items that would have contained meat and made excellent recommendations for alternative dishes.
5 /5
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6.Applebees Grill + Bar

Address: 923 IL-3, Waterloo, IL 62298

(745) user ratings total:

A N Our waitress was great, friendly and nice, checked on us regularly and no problem getting refills on our drinks. Food was good, pretty timely service, all around a good experience
5 /5
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7.Tequila Mexican Restaurant

Address: 835 N Market St, Waterloo, IL 62298

(672) user ratings total:

Joel Sommer Waterloo, IL location: huge buffet on Sundays, which I highly recommend. Everything from bacon, eggs and sausage to tacos, wings, shrimp, and many other great Mexican favorites. The owner shared a bit of his time with my wife and I, truly making us feel welcomed. Everyone always works hard and has a smile on their face. Check out my picture of the orange slice flower ice cube that was in my wifes mimosa. He then brought us a margarita which had an ice cube in it the shape of a diamond, which they use on higher quality drinks. Columbia, IL location: Great Mexican food, fast with great prices. Different layout with counter style in Columbia, IL.
5 /5
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8.Willies West End

Address: 107 S Moore St, Waterloo, IL 62298

(66) user ratings total:

ramon Sykes I love this bar- great food and drinks. No juvenile riff-raff. The staff is AWESOME! Great small town feel where everyone does know your name. Try the Big Willie burger.
5 /5
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9.Fourth Street Bar & Grill

Address: 301 S Moore St, Waterloo, IL 62298

(63) user ratings total:

Matt Hawk Its local watering hole never to packed, personally my favorite bar to swing over to, could be better if served food also but my fav spot to shoot pool
5 /5
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10.The Coffee Girl

Address: 219 S Main St, Waterloo, IL 62298

(621) user ratings total:

Jessica So the coffee girl been open for a little while but I decided to wait to go there on my brithday! I want to say it was the best brithday I have ever had in my whole life! The staff made it really speacil. Frist the food there was so good, the presentation of the food to the temp of thr food was amazing. The inside of this place is so pretty and shows her style and character of who she is. The staff was phenomenal! I loved my waitress ! she was fast also very friendly and pleasant to talk to. I also want to thank AK dad which I been a huge fan of her since the beginning of time ! had a cd of her autographed , that was from her frist album and gave permission to sell it to my hubby was able to to purchase it . Which is crazy when she was signing thoses live on tik tok I couldnt get one at the time. So I guess I know why though because I would get it later on. Even though I didnt get to meet her and would love to eventually ! Her dad and staff doing that for me had me in tears and just having a piece of her with me on my speacil day made my whole day. I hope one day. But thank you guys so much. Ak you really do have the best dad ever! But Its definitely a must come back place and I will return again! Thank you thank you and thank you
5 /5
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11.Parrot Head Perch

Address: 117 Obernagel lane, Waterloo, IL 62298

(6) user ratings total:

Patty Wente Such a cute little place in the middle of our quaint town of Waterloo. I had the honor of playing an acoustic afternoon there recently its just absolutely adorable.
5 /5
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12.MrBBQ-2

Address: 643 Ridge Rd, Waterloo, IL 62298

(59) user ratings total:

Thomas Moore Had the snoot. It was delish. Wife had a side salad and an order of fried cauliflower. Salad was good, but those leaves that look like dandelions, I could do without.
5 /5
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13.Shortys Smokehouse

Address: 121 S Main St, Waterloo, IL 62298

(476) user ratings total:

Ralph Buddemeyer Drove over from Belleville to eat with friends and it was well worth the drive! They offer a military discount, much appreciated. And they have an option to buy a bun with their platters, which very few places do, so it made a nice heaping smoked turkey sandwich. We had the turkey and brisket, and both were on point. We had fun trying the various sauces they provide. No one likes barbecue exactly the same way, so its nice that you can add your type of sauce, if you want it. The barbecue beans, potato salad, and gouda Mac and cheese were all great. The place is big and nicely decorated with movie memorabilia, and the staff didnt push us along while we talked for several hours. One last small but major thing, they dont present your bill when you pay with a tipping option, which i appreciated. If I order at the counter and you hand me my food and I grab my drink, no tip, as you dont do anything to earn it. Im perfectly cool with that. The bottom line is with prices as high as they are now youd better give people good value for the money and this place does! Well be back, a great experience!
5 /5
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14.Fredericos Restaurant

Address: 114 N Main St, Waterloo, IL 62298

(372) user ratings total:

Robert Whitney This place has some of the best Italian food weve had in a while. Moderately priced and the service provided by Brooke was great. We had fish, pasta, pizza, chicken and steak. We all were quite pleased.
5 /5
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15.Hopskeller Brewing Company

Address: 116 E 3rd St, Waterloo, IL 62298

(354) user ratings total:

Carrie Sinclair We have now found our most favorite place. Nostalgic, historically beautifully designed, and so much history with aged barn wood & original McKinley bridge metal railing. Wonderful variety of brewed beer, all you can eat wood fire pizza, soup & salad on Wed for only $18. Cocktails, craft beer & pizza all week with a beautiful outside patio. The owner is incredible hospitable, talented & great place to host a party. Live music on Wed & soon weekends. Great prices.
5 /5
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