
Cheap Apartments for Rent in Waterbury, CT from $500 (146 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterbury.


Grove Court

Total Monthly Price
144 Grove St, Unit 310, Unit 310

1469 Thomaston Ave

Liberty Court

124 Meriden Rd

135 W Main St

132 Locust St

105 Bank St

Total Monthly Price
132 Grove St, Unit unid 3 first floor, Unit unid 3 first floor
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.

196 Hillside Ave, Unit #7

88-90 Willow Street, #2S, Unit #2S

161 Prospect St, Unit 2

113 Southview St

32 Willow St, Unit #1A

3378 E Main St

21 N Walnut St

121 Lounsbury St

151 Hillside Ave, Unit 1E

Josephine Towers Senior Living
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.

58 Kellogg St

241 Congress Ave

247 Willow St

33 Pilgrim Ave

187 Scott Rd

31 Frederick St, Unit 2

1243 W Main St

49 Johnson St
27 Beacon St

222 Chipman St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

779 E Main St

Eastwood Terrace

Total Monthly Price
Rivers Edge

Piping Rock Apartments

Scott Gardens Apartments

Highland Ridge

Total Monthly Price
39 Chestnut Ave, Unit 2, Unit 2

221 Willow St

Total Monthly Price
78 Chestnut Ave

75 Vernon St
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.

89 Willow St, Unit #1

14 Elmview Cir

53 Cooke St

10 2nd Ave

40 Whitewood Rd, Unit 26

Meridian Apartments

Summit Ridge Estates

61 Field St

61 Field St, Unit 106

219 Woodlawn Terrace
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Waterbury, CT Local Guide

How much does it cost to rent an apartment in Waterbury?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waterbury Studio Apartments | $1,300 | $850 | $1,704 |
| Cheap Waterbury 1 Bedroom Apartments | $1,515 | $950 | $2,517 |
| Cheap Waterbury 2 Bedroom Apartments | $1,762 | $1,150 | $3,127 |
| Cheap Waterbury 3 Bedroom Apartments | $1,814 | $1,400 | $2,500 |
| Cheap Waterbury 4 Bedroom Apartments | $2,101 | $1,450 | $2,800 |
Browse Top Apartments in Waterbury
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Waterbury, CT Local Guide

- Waterbury Neighborhoods
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Cheapest Neighborhoods for Apartments in Waterbury, CT
Pricing Updated: 05/25/2026Current apartment rentals in the Waterbury, CT area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterbury Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Waterbury | $2,500 | $850 | 143 |
Cheapest Available Waterbury Apartments for Rent
 The cheapest available apartment rental in Waterbury, CT is a 1 Bed unit found at Grove Court in the Waterbury Middlebury neighborhood priced from $900. Lakeside of Cheshire in the Marion neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,260. Here is today’s list of the most affordable Waterbury apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grove Court | One Bedroom | 1BR,1BA | $900 |
| Lakeside of Cheshire | S1 | Studio,1BA | $1,260 |
| Josephine Towers Senior Living | Studio, 1 bath | Studio,1BA | $1,292 |
| 1243 W Main St | One Bedroom | 1BR,1BA | $1,350 |
| Eastwood Terrace | The Yorkdale | 1BR,1BA | $1,400 |
| Rivers Edge | The Essex | Studio,1BA | $1,421 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Waterbury, CT
As of May 25, 2026 the best value apartment in the Waterbury area is the $1.53 price per square foot 3Beds Model at 223 Meadow St in the in the The Village at Oxford Greens neighborhood starting from $2,300. The second greatest value Waterbury apartment is the 39 Chestnut Ave Model at 39 Chestnut Ave, Unit 2 starting at $1,450 with a $1.08 price per square foot in the Waterbury Middlebury 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. |
|---|---|---|---|
| 223 Meadow St | 3Beds | 3BR,1.5BA | $1.53 |
| 39 Chestnut Ave, Unit 2 | 39 Chestnut Ave | 3BR,2BA | $1.08 |
| 214 Oak St, Unit 3 | 214 Oak St | 3BR,1BA | $1.48 |
| 182 Jersey St, Unit 2 | 182 Jersey St | 3BR,1BA | $1.50 |
| 95 Bristol St, Unit 2B | 95 Bristol St | 2BR,1.5BA | $1.64 |
| 78 Chestnut Ave | 78 Chestnut Ave | 3BR,1BA | $1.43 |
| Eastwood Terrace | The Yorkdale | 1BR,1BA | $1.72 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1.76 |
| Grove Court | One Bedroom | 1BR,1BA | $1.29 |
| 144 Grove St, Unit 310 | 144 Grove St | Studio ,1BA | $1.63 |
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.
Waterbury Overview
Affectionately referred to as the 'Brass City', Waterbury is the 9th largest municipality in New England. Home to a number of universities, this on-the-move blue collar town collects over 100K proud residents and makes an excellent option for anyone considering a move to glorious Connecticut.
Why live in Waterbury, CT?
Steeped in local history and offering much in the way of modern amenities, life in Waterbury apartments is an excellent way to experience all that Connecticut has to offer. From area universities that consistently make the grade to plenty of public park land and a host of retail shopping and nightlife options, this east coast destination is a gem of the New England scene.
Waterbury, CTPopulation: 108,093
Ranked #283
in US Census Population by City
Best Local Schools in Waterbury, CT
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Waterbury, CT
Frequently Asked Questions about Cheap Waterbury Apartments
What is a cheap apartment in Waterbury?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterbury is under $1,425.
What is the price of a cheap apartment in Waterbury?
The cheapest apartment in Waterbury is Grove Court which is listed at $900, while the average apartment in Waterbury costs $2,500.
What types of apartments are the cheapest in Waterbury?
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 3 regular apartments in Waterbury 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 Waterbury?
Cheap apartments in Waterbury have an average cost of $215 which is $2,285 cheaper than the average rent for all rentals in Waterbury.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
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.