533 Bon Air Ave
ElyriaOH44035
Cheap Homes for Rent in Waterbury Neighborhood of Elyria, OH from $1,100 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterbury area of Elyria.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
6610 Lear Nagle Rd
North RidgevilleOH44039
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.
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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 | $1,519 | $1,359 | $1,750 |
| Waterbury 3 Bedroom Homes for Rent | $1,849 | $1,197 | $2,275 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 3 mile radius of the Waterbury Neighborhood of Elyria, OH.
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Waterbury, Elyria, OH Local Guide
- Nearby Elyria neighborhoods
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Best Value Apartments for Rent in Waterbury, OH
As of June 10, 2026 the best value apartment in the Waterbury area is the $1.40 price per square foot 2 Bed 2 Bath Model at Spencer Court in the in the Woodgate Farms neighborhood starting from $1,750. The second greatest value Waterbury apartment is the 2 Bed/1.5 Bath Model at 601-605 Abbe Rd starting at $1,000 with a $0.85 price per square foot in the North Elyria 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. |
|---|---|---|---|
| Spencer Court | 2 Bed 2 Bath | 2BR,2BA | $1.40 |
| 601-605 Abbe Rd | 2 Bed/1.5 Bath | 2BR,1.5BA | $0.85 |
| Redwood Elyria | Fernwood | 2BR,2BA | $1.43 |
| Northridge Cove | 2 Bed 1 Bath Single Section | 2BR,1BA | $1.29 |
| 334 Oakdale Cir, Unit 334 Oakdale Circle | 334 Oakdale Cir | 2BR,1BA | $1.09 |
| Hunters Crossing Apartments | One Bedroom | 1BR,1BA | $1.60 |
| Sunset Townhouses | 2 Bed Townhome | 2BR,1BA | $1.17 |
Don'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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleWaterbury, Elyria, OH
Ranked #1
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 City School District
Public School - Grades 9-12 (1232)
7 out of 10
North Ridgeville Middle School
North Ridgeville City School District
Public School - Grades K-8 (1863)
6 out of 10
School data provided by Great Schools
Frequently Asked Questions about Waterbury
What type of rentals are currently available in Waterbury?
There are currently 28 Apartments for Rent in Waterbury, OH with pricing that ranges from $595 to $2,434. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterbury ranging from $1,197 to $2,275.
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 $1,197 to $2,275 with an average monthly rent of $1,614.
Expert Rental Resources
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.
Helpful Local Expert Guides
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.
Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Written by: Sandy Baker
Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .
Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Written by: Sandy Baker
If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.
Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture
Written by: Sandy Baker
Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.