
Cheap Homes for Rent in the Waterford Neighborhood of Frederick, MD from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterford area of Frederick.


122 W All Saints St

106 S Market St

244 E Patrick St

700 Heather Ridge Dr
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.

700M Heather Ridge Dr

221 N Market St

605 Himes Ave

611 Himes Ave, Unit 104

3 McMurray St
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.

404 Terry Ct
Waterford, Frederick, MD Local Guide

How much does it cost to rent a home in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford 2 Bedroom Homes for Rent | $2,164 | $1,650 | $2,600 |
| Waterford 3 Bedroom Homes for Rent | $2,556 | $1,900 | $3,199 |
| Waterford 4 Bedroom Homes for Rent | $3,267 | $2,750 | $6,500 |
| Waterford 5 Bedroom Homes for Rent | $3,850 | $3,500 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Waterford Neighborhood of Frederick, MD.
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Waterford, Frederick, MD Local Guide
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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. Ox Fibre Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,105. Here are the most affordable Waterford apartments for rent in Frederick, MD:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sinclair Way | Two Bedroom | 2BR,1BA | $886 |
| Ox Fibre Apartments | One Bedroom | 1BR,1BA | $1,105 |
| The Grove At Alban | 1 BR | 1BR,1BA | $1,376 |
| The Westwinds | 2 Bedroom 1 Bath wwmd | 2BR,1BA | $1,382 |
| The Cascades of Frederick - Ages 62+ | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,531 |
Best Value Apartments for Rent in Waterford, MD
As of July 10, 2026 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, 1 Bath (Renovated) Model at The Westwinds starting at $1,639 with a $1.48 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Overlook at Avalon | C | 3BR,3BA | $1.36 |
| The Westwinds | 2 Bedroom, 1 Bath (Renovated) | 2BR,1BA | $1.48 |
| Potomac Commons | 1 Bedroom | 1BR,1BA | $1.84 |
| Foundry Square Apartments | 2 Bedroom- Iron Hall | 2BR,2BA | $2.05 |
| Francis Scott Key | Two Bedroom/1.5 Bath (TC) | 2BR,1.5BA | $1.78 |
| The Apartments at Elmwood Terrace | 1BR 1BA (860sf) | 1BR,1BA | $1.97 |
| The Grove At Alban | 1 BR | 1BR,1BA | $1.62 |
| 478A W South St, Unit B | 478A W South St | 1BR,1BA | $1.75 |
| 318 East Patrick Street, Unit #1 | 318 East Patrick Street | 1BR,1BA | $1.92 |
| Sinclair Way | One Bedroom | 1BR,1BA | $1.51 |
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.
Pet Friendly LifestyleWaterford, Frederick, MD
Ranked #6
Among cities in Maryland for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Waterford, Frederick, MD
School data provided by Great Schools
Frequently Asked Questions about Waterford
What type of rentals are currently available in Waterford?
There are currently 149 Apartments for Rent in Waterford, MD with pricing that ranges from $886 to $3,500. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $900 to $6,500.
What is the current price range for Rental Homes in Waterford?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterford ranges from $900 to $6,500 with an average monthly rent of $2,657.
How much are larger Three and Four Bedroom Rentals in Waterford?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterford range from $998 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,199. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $2,539.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.