Cheap Apartments for Rent in the Waterbury Neighborhood of Elyria, OH from $500 (5 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterbury area of Elyria.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

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Waterbury, Elyria, OH Local Guide

Cheapest Available Waterbury Apartments for Rent

 

The cheapest available apartment rental in the Waterbury area of Cleveland, OH is a 1 Bed unit found at Willow Ridge Apartments priced from $725. 601-605 Abbe Rd has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. Here are the most affordable Waterbury apartments for rent in Cleveland, OH:

Apartment ListingModel NameBed/BathPriced From
Willow Ridge ApartmentsOne Bedroom One Bath - Call for Availability1BR,1BA$725
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1BA$975
Hunters Crossing ApartmentsOne Bedroom1BR,1BA$1,320

Best Value Apartments for Rent in Waterbury, OH

As of July 03, 2025 the best value apartment in the Waterbury area is the $1.59 price per square foot Ledgewood Model at Redwood North Ridgeville Meadow Lakes Blvd in the in the Waterbury neighborhood starting from $2,270. The second greatest value Waterbury apartment is the 2 Bed 2 Bath Model at Spencer Court starting at $1,750 with a $1.40 price per square foot in the Woodgate Farms neighborhood. Here is today’s list of the best values for Waterbury apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Redwood North Ridgeville Meadow Lakes BlvdLedgewood2BR,2BA$1.59
Spencer Court2 Bed 2 Bath2BR,2BA$1.40
601-605 Abbe Rd2 Bed/1.5 Bath2BR,1.5BA$0.83
Hunters Crossing ApartmentsOne Bedroom1BR,1BA$1.57

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Pet Friendly Lifestyle
Waterbury, Elyria, OH

Ranked #3

Among neighborhoods in Elyria, OH for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Waterbury, Elyria, OH

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including Waterbury, Elyria, and the greater Cleveland area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Waterbury Apartments

How much is rent for a Cheap One Bedroom Waterbury Apartment?

The lowest price for a Cheap One Bedroom Waterbury Apartment is $725 at Willow Ridge Apartments.

What is the lowest price for a Cheap Two Bedroom Waterbury Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterbury is starting from $825 at Willow Ridge Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sandy Baker

Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.