
Cheap Homes for Rent in Waterlace Neighborhood of Fayetteville, GA from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterlace area of Fayetteville.


310 S Jeff Davis Dr

145 Belle Dr

280 Chase Dr

130 Meadowbrook Ct

200 Meadowbrook Ct
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.

255 Monmouth Dr

235 Sharon Dr

335 Sharon Dr

76 Intown Pl

290 Cornwallis Way

695 Georgia Ave
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.
Waterlace, Fayetteville, GA Local Guide

How much does it cost to rent a home in Waterlace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterlace 2 Bedroom Homes for Rent | $2,148 | $1,260 | $4,000 |
| Waterlace 3 Bedroom Homes for Rent | $2,625 | $1,765 | $4,900 |
| Waterlace 4 Bedroom Homes for Rent | $3,537 | $1,830 | $8,500 |
| Waterlace 5 Bedroom Homes for Rent | $3,650 | $3,000 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 3 mile radius of the Waterlace Neighborhood of Fayetteville, GA.
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Waterlace, Fayetteville, GA Local Guide
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Cheapest Available Waterlace Apartments for Rent
 The cheapest available apartment rental in the Waterlace area of Atlanta, GA is a 1 Bed unit found at Retreat at Towne Crossing priced from $1,300. Retreat at Southpointe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,450. Here are the most affordable Waterlace apartments for rent in Atlanta, GA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Retreat at Towne Crossing | 1 Bedroom | 1BR,1BA | $1,300 |
| Retreat at Southpointe | 2 Bedroom Roommate | 2BR,2BA | $1,450 |
| HearthSide Club Lafayette, A 62+ Community | A2 M | 1BR,1BA | $1,565 |
| The Meridian Lafayette | B2 | 2BR,2BA | $2,067 |
| Walton Fayetteville | C1 | 3BR,2BA | $2,370 |
Best Value Apartments for Rent in Waterlace, GA
As of May 08, 2026 the best value apartment in the Waterlace area is the $1.72 price per square foot C1 Model at Walton Fayetteville in the in the Waterlace neighborhood starting from $2,370. The second greatest value Waterlace apartment is the B2 Model at The Meridian Lafayette starting at $2,067 with a $1.95 price per square foot in the Waterlace neighborhood. Here is today’s list of the best values for Waterlace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walton Fayetteville | C1 | 3BR,2BA | $1.72 |
| The Meridian Lafayette | B2 | 2BR,2BA | $1.95 |
| Retreat at Southpointe | 1 Bedroom | 1BR,1BA | $1.60 |
| Retreat at Towne Crossing | 1 Bedroom | 1BR,1BA | $1.81 |
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.
Read ArticleReal 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
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.
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Frequently Asked Questions about Waterlace
What type of rentals are currently available in Waterlace?
There are currently 16 Apartments for Rent in Waterlace, GA with pricing that ranges from $945 to $2,566. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterlace ranging from $1,260 to $8,500.
What is the current price range for Rental Homes in Waterlace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterlace ranges from $1,260 to $8,500 with an average monthly rent of $2,891.
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

An Atlanta Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in the Atlanta Area
Written by: Jan Boling
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.