Cheap Apartments for Rent in the Waterford Neighborhood of Frederick, MD from $800 (13 Rentals)

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

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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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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
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Hamilton Station
1 to 3 Bedroom Apartments

Hamilton Station

33 Hamilton AveFrederick, MD 21701

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.

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 2 Beds unit found at Sinclair Way priced from $886. Creekside at Taskers Chance has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,265. Here are the most affordable Waterford apartments for rent in Frederick, MD:

Apartment ListingModel NameBed/BathPriced From
Sinclair WayTwo Bedroom2BR,1BA$886
Creekside at Taskers Chance1 Bed, 1 Bath1BR,1BA$1,265
The Grove At Alban1 BR1BR,1BA$1,299
The Apartments at Elmwood Terrace1BR 1BA (665sf)1BR,1BA$1,330
The Westwinds1 Bedroom, 1 Bath1BR,1BA$1,339

Best Value Apartments for Rent in Waterford, MD

As of December 04, 2025 the best value apartment in the Waterford area is the $1.36 price per square foot C Model at Overlook at Avalon in the in the Taskers Chance neighborhood starting from $2,129. The second greatest value Waterford apartment is the 2 Bedroom (A) Model at The Fred Apartment Homes starting at $1,853 with a $1.77 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 AvalonC3BR,3BA$1.36
The Fred Apartment Homes2 Bedroom (A)2BR,2BA$1.77
Potomac Commons1 Bedroom1BR,1BA$1.87
The Grove At Alban1 BR1BR,1BA$1.53
The Residences at the Manor Apartments1 Bedroom 1 Bath Willow at Baker I1BR,1BA$2.01
The Westwinds1 Bedroom, 1 Bath (Renovated)1BR,1BA$2.03
236 E 2nd St, Unit Third Fl236 E 2nd St1BR,1BA$2.03
Sharpe Square Apartments-62+ Seniors1 bed1BR,1BA$2.05
Sinclair WayOne Bedroom1BR,1BA$1.51
The Apartments at Elmwood Terrace1BR 1BA (665sf)1BR,1BA$2.00

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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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 #5

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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!

Getting Around the Waterford Neighborhood in Frederick, MD

Walk Score®

62 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

57 / 100

Bikeable

Some bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Waterford Apartments

What is the Cheapest Studio apartment in Waterford?

Currently the most affordable Cheap Studio Apartment in Waterford is at EDE listed at $1,726.

How much is rent for a Cheap One Bedroom Waterford Apartment?

The lowest price for a Cheap One Bedroom Waterford Apartment is $1,015 at Sinclair Way.

What is the lowest price for a Cheap Two Bedroom Waterford Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterford is starting from $886 at Sinclair Way.

What is the most affordable Waterford Three Bedroom Apartment?

The best deal on a cheap Waterford Three Bedroom Apartment rental is at Sinclair Way and starts from $998.

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.