Cheap Homes for Rent in Waterbury Neighborhood of Elyria, OH from $1,600 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterbury area of Elyria.

513 Henry St
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.

6435 Forest Park Dr

6387 Forest Park Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Waterbury, Elyria, OH Local Guide

How much does it cost to rent a home in Waterbury?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterbury 2 Bedroom Homes for Rent | $1,791 | $1,650 | $2,000 |
Waterbury 3 Bedroom Homes for Rent | $2,900 | $2,400 | $3,400 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 3 mile radius of the Waterbury Neighborhood of Elyria, OH.
Explore Elyria
Waterbury, Elyria, OH Local Guide
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Best Value Apartments for Rent in Waterbury, OH
As of June 09, 2025 the best value apartment in the Waterbury area is the $1.60 price per square foot Ledgewood Model at Redwood North Ridgeville Meadow Lakes Blvd in the in the Waterbury neighborhood starting from $2,287. The second greatest value Waterbury apartment is the 2 Bed 2 Bath Model at Spencer Court starting at $1,725 with a $1.38 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 | $1.60 |
Spencer Court | 2 Bed 2 Bath | 2BR,2BA | $1.38 |
601-605 Abbe Rd | 2 Bed/1.5 Bath | 2BR,1.5BA | $0.83 |
Redwood Elyria | Fernwood | 2BR,2BA | $1.50 |
Hunters Crossing Apartments | One Bedroom | 1BR,1BA | $1.57 |
Hidden Creek Apartments | Two Bedroom | 2BR,1BA | $1.11 |
Rosewood Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.61 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Waterbury
What type of rentals are currently available in Waterbury?
There are currently 30 Apartments for Rent in Waterbury, OH with pricing that ranges from $595 to $2,245. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterbury ranging from $1,650 to $3,400.
What is the current price range for Rental Homes in Waterbury?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterbury ranges from $1,650 to $3,400 with an average monthly rent of $2,345.
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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.