Cheap Apartments for Rent in the Downtown Waterbury Neighborhood of Waterbury, CT from $500 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Waterbury area of Waterbury.

property at 307 Washington Ave

307 Washington Ave

WaterburyCT06708
property at 1469 Thomaston Ave

1469 Thomaston Ave

WaterburyCT06704

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.

property at 6 Frederick Ct

6 Frederick Ct

WaterburyCT06710
property at 61 Field St

61 Field St

WaterburyCT06702
property at 13 Simons Ave

13 Simons Ave

WaterburyCT06706
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Trinity Apartments
Studio to 3 Bedroom Apartments

Trinity Apartments

41 Prospect StWaterbury, CT 06702
  • 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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Newman Apartments
1 to 3 Bedroom Apartments

Newman Apartments

27 Newman AveWaterbury, CT 06705
  • Utilities Included
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Westview Apartments
1 to 3 Bedroom Apartments

Westview Apartments

170 Hillside AveWaterbury, CT 06710
  • Utilities Included
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146 Grand St
Studio to 1 Bedroom Apartments

146 Grand St

146 Grand StWaterbury, CT 06702
  • Utilities Included

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.

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Towerview Apartments
Studio to 2 Bedroom Apartments

Towerview Apartments

380 W Main StWaterbury, CT 06702
  • Utilities Included
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East Gate Apartments
Studio to 2 Bedroom Apartments

East Gate Apartments

2171-2221 E Main StWaterbury, CT 06705
Senior Living
  • Utilities Included
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Southford Park
1 to 3 Bedroom Apartments

Southford Park

102 National AveWaterbury, CT 06705
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Lamda Rho Apartments
Studio to 2 Bedroom Apartments

Lamda Rho Apartments

330 Bishop StWaterbury, CT 06704
  • Utilities Included
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Courtyard Apartments
2 to 3 Bedroom Apartments

Courtyard Apartments

42 Johnson StWaterbury, CT 06710
  • Utilities Included
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Bunker Hill
1 to 3 Bedroom Apartments

Bunker Hill

17 Eastern AveWaterbury, CT 06708
  • Utilities Included
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Woodtick Mews
1 Bedroom Apartments

Woodtick Mews

959-981 Woodtick RdWolcott, CT 06716
  • Utilities Included

Downtown Waterbury, Waterbury, CT Local Guide

Cheapest Available Downtown Waterbury Apartments for Rent

 

The cheapest available apartment rental in the Downtown Waterbury area of Waterbury, CT is a 1 Bed unit found at Grove Court priced from $930. Liberty Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here are the most affordable Downtown Waterbury apartments for rent in Waterbury, CT:

Apartment ListingModel NameBed/BathPriced From
Grove CourtOne Bedroom1BR,1BA$930
Liberty Court1 Bed HMA1BR,1BA$1,025
Jefferson Square ApartmentsStudioStudio,1BA$1,100
Wyndham Court ApartmentsOne Bedroom1BR,1BA$1,195
Villa Square LLCEfficiencyStudio,1BA$1,250
1243 W Main StOne Bedroom1BR,1BA$1,250
Josephine Towers Senior LivingStudio, 1 bathStudio,1BA$1,292

Best Value Apartments for Rent in Downtown Waterbury, CT

As of October 06, 2025 the best value apartment in the Downtown Waterbury area is the $1.29 price per square foot 324 Willow St Model at 324 Willow St, Unit 1 in the in the Waterbury Middlebury neighborhood starting from $1,800. The second greatest value Downtown Waterbury apartment is the 58 Kellogg St Model at 58 Kellogg St, Unit #2B starting at $1,400 with a $1.08 price per square foot in the Waterbury Middlebury neighborhood. Here is today’s list of the best values for Downtown Waterbury apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
324 Willow St, Unit 1324 Willow St4BR,1BA$1.29
58 Kellogg St, Unit #2B58 Kellogg St1BR,1BA$1.08
290 Orange St, Unit 290290 Orange St3BR,2BA$1.57
373 Congress Ave, Unit 2nd floor373 Congress Ave3BR,1BA$1.69
95 Bristol St, Unit 3D95 Bristol St2BR,1.5BA$1.64
7 Kenyon St, Unit 2 bedroom, 1 bath7 Kenyon St2BR,1BA$1.25
Wyndham Court ApartmentsOne Bedroom1BR,1BA$1.33
15 Seymour St, Unit 3rd Floor15 Seymour St1BR,1BA$1.69
1243 W Main StOne Bedroom1BR,1BA$1.67
Grove CourtOne Bedroom1BR,1BA$1.33

Quick 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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Pet Friendly Lifestyle
Downtown Waterbury, Waterbury, CT

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Waterbury Neighborhood in Waterbury, CT

Walk Score®

69 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Downtown Waterbury Apartments

What is a cheap apartment in Downtown Waterbury?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Waterbury is under $1,292.

What is the price of a cheap apartment in Downtown Waterbury?

The cheapest apartment in Downtown Waterbury is Grove Court which is listed at $930, while the average apartment in Downtown Waterbury costs $2,000.

What types of apartments are the cheapest in Downtown 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 Downtown 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 Downtown Waterbury?

Cheap apartments in Downtown Waterbury have an average cost of $117 which is $1,883 cheaper than the average rent for all rentals in Downtown Waterbury.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.