
Cheap Apartments for Rent in the Waterbury Neighborhood of Elyria, OH from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterbury area of Elyria.


Cambridge Court Townhomes

Kensington Square Apartments

Sherwood Forest Apartments

Chestnut Acres Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Spencer Court

Redwood North Ridgeville Meadow Lakes Blvd
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.
Waterbury, Elyria, OH Local Guide

How much does it cost to rent an apartment in Waterbury?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterbury Studio Apartments | $592 | $580 | $605 |
| Waterbury 1 Bedroom Apartments | $671 | $595 | $750 |
| Waterbury 2 Bedroom Apartments | $1,466 | $630 | $2,199 |
| Waterbury 3 Bedroom Apartments | $1,187 | $1,000 | $1,460 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 3 mile radius of the Waterbury Neighborhood of Elyria, OH.
See all Apartments in ElyriaExplore Elyria
Waterbury, Elyria, OH Local Guide
- Nearby Elyria neighborhoods
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Cheapest Available Waterbury Apartments for Rent
 The cheapest available apartment rental in the Waterbury area of Cleveland, OH is a 2 Beds unit found at Redwood Elyria priced from $1,524. Spencer Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,750. Here are the most affordable Waterbury apartments for rent in Cleveland, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Redwood Elyria | Fernwood | 2BR,2BA | $1,524 |
| Spencer Court | 2 Bed 2 Bath | 2BR,2BA | $1,750 |
| Redwood North Ridgeville Meadow Lakes Blvd | Ledgewood | 2BR,2BA | $1,999 |
Best Value Apartments for Rent in Waterbury, OH
As of November 13, 2025 the best value apartment in the Waterbury area is the $1.40 price per square foot Ledgewood Model at Redwood North Ridgeville Meadow Lakes Blvd in the in the Waterbury neighborhood starting from $1,999. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Redwood North Ridgeville Meadow Lakes Blvd | Ledgewood | 2BR,2BA | $1.40 |
| Spencer Court | 2 Bed 2 Bath | 2BR,2BA | $1.40 |
| Redwood Elyria | Fernwood | 2BR,2BA | $1.36 |
| 557 Ohio St, Unit Down | 557 Ohio St | 2BR,1BA | $1.16 |
| 38835 Yunker Ct, Unit 0 | 38835 Yunker Ct | 2BR,1BA | $0.89 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleWaterbury, Elyria, OH
Ranked #4
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Waterbury, Elyria, OH
North Ridgeville High School
North Ridgeville Middle School
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
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 $1,524 at Redwood Elyria.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.






