Cheap Apartments for Rent in the Waterford Neighborhood of Frederick, MD from $1,012 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterford area of Frederick.

property at 402 Navaho Dr
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
1 Bedroom, 1 Bath Home for Rent
Available Oct 31
Affordability

402 Navaho Dr

FrederickMD21701
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243 E 2nd St
$1,300 - $1,700

Total Monthly Price

Base Rent$1,300 - $1,700
Total Monthly Price$1,300 - $1,700
1 to 2 Bedroom Apartment Available Now

243 E 2nd St

243 E 2nd StFrederick, MD 21701
Cost Per Sq.Ft.
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Willowdale Crossing
$1,609 - $2,526

Total Monthly Price

Base Rent$1,609 - $2,526
Total Monthly Price$1,609 - $2,526
1 to 3 Bedroom Apartments Available Now

Willowdale Crossing

150-A Willowdale DrFrederick, MD 21702
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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446 E Patrick St
1 Bedroom Apartments

446 E Patrick St

446 E Patrick StFrederick, MD 21701
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1 W 10th St
1 Bedroom Apartments

1 W 10th St

1 W 10th StFrederick, MD 21701
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2 James St
2 Bedroom Apartments

2 James St

2 James StFrederick, MD 21701
  • Utilities Included
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Creekside at Taskers Chance
1 to 2 Bedroom Apartments

Creekside at Taskers Chance

100 Burgess Hill WayFrederick, MD 21702
Senior Living
  • Utilities Included

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.

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Parkview Apartments
1 to 2 Bedroom Apartments

Parkview Apartments

750 Carroll PkyFrederick, MD 21701
Senior Living
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Waterford, Frederick, MD Local Guide

Cheapest Available Waterford Apartments for Rent

 

The cheapest available apartment rental in the Waterford area of Frederick, MD is a 1 Bed unit found at Foundry Square Apartments priced from $1,299. Creekside at Taskers Chance has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,305. Here are the most affordable Waterford apartments for rent in Frederick, MD:

Apartment ListingModel NameBed/BathPriced From
Foundry Square Apartments1 Bedroom- Sterling Lodge (Senior 62+)1BR,1BA$1,299
Creekside at Taskers Chance1 Bedroom, 1 Bathroom1BR,1BA$1,305
Ox Fibre ApartmentsTwo Bedroom2BR,2BA$1,324
The Grove At Alban2 BR2BR,1BA$1,368
Sinclair WayOne Bedroom1BR,1BA$1,494
The Cascades of Frederick - Ages 62+1 Bedroom, 1 Bathroom1BR,1BA$1,531
The Apartments at Elmwood Terrace1BR 1BA (665sf)1BR,1BA$1,535
The Westwinds2 Bedroom, 1 Bath2BR,1BA$1,542

Best Value Apartments for Rent in Waterford, MD

As of September 07, 2026 the best value apartment in the Waterford area is the $1.38 price per square foot D Model at Overlook at Avalon in the in the Taskers Chance neighborhood starting from $2,371. The second greatest value Waterford apartment is the 2 Bedroom, 1 Bath (Renovated) Model at The Westwinds starting at $1,742 with a $1.58 price per square foot in the Taskers Chance neighborhood. Here is today’s list of the best values for Waterford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Overlook at AvalonD4BR,3BA$1.38
The Westwinds2 Bedroom, 1 Bath (Renovated)2BR,1BA$1.58
243 E 2nd St243 E 2nd St1BR,1BA$1.18
Clearbrook ApartmentsThe Montreal2BR,2BA$1.99
The Fred Apartment Homes2 Bedroom (A)2BR,2BA$1.82
The Reserve at Ballenger Creek2 Bedroom 2 Bath2BR,2BA$1.97
The Grove At Alban2 BR2BR,1BA$1.44
Potomac Commons1 Bedroom1BR,1BA$1.86
Francis Scott KeyTwo Bedroom/1.5 Bath Affordable2BR,1.5BA$1.78
24 Hamilton Ave, Unit C24 Hamilton Ave1BR,1BA$1.96

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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Navigating the Rental Market: Tips for First-Time Renters

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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.

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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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Pet Friendly Lifestyle
Waterford, Frederick, MD

Ranked #3

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Waterford, Frederick, MD

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Maryland and customized analysis for Central Frederick, MD. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, transit availability, pet-friendly communities, family-friendly amenities, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Waterford Apartments

What is the price of a cheap apartment in Waterford?

The cheapest apartment in Waterford is Foundry Square Apartments which is listed at $1,299, while the average apartment in Waterford costs $2,051.

What types of apartments are the cheapest in Waterford?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Waterford that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waterford?

Cheap apartments in Waterford have an average cost of $244 which is $1,807 cheaper than the average rent for all rentals in Waterford.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.