
Cheap Apartments for Rent in the Downtown Waterbury Neighborhood of Waterbury, CT from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waterbury area of Waterbury.


Grove Court

144 Grove St

915 S Main St

Trinity Apartments
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.

Store Avenue Apartments

Waterbury Plaza Apartments

Newman Apartments

Westview Apartments

146 Grand 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.

Cherry Street Apartments

Liberty Commons Apartments

Hillcrest Luxury Condominiums

Towerview Apartments

East Gate Apartments
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.

Woodtick Mews
Downtown Waterbury, Waterbury, CT Local Guide

How much does it cost to rent an apartment in Downtown Waterbury?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waterbury Studio Apartments | $1,151 | $925 | $1,375 |
| Downtown Waterbury 1 Bedroom Apartments | $1,284 | $800 | $1,696 |
| Downtown Waterbury 2 Bedroom Apartments | $1,611 | $1,050 | $2,200 |
| Downtown Waterbury 3 Bedroom Apartments | $1,757 | $1,350 | $2,300 |
| Downtown Waterbury 4 Bedroom Apartments | $2,154 | $1,450 | $3,100 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Waterbury Neighborhood of Waterbury, CT.
See all Apartments in WaterburyExplore Waterbury
Downtown Waterbury, Waterbury, CT Local Guide
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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 $900. Jefferson Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Downtown Waterbury apartments for rent in Waterbury, CT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grove Court | One Bedroom | 1BR,1BA | $900 |
| Jefferson Square Apartments | Studio | Studio,1BA | $1,100 |
| Josephine Towers Senior Living | Studio, 1 bath | Studio,1BA | $1,292 |
| Wyndham Court Apartments | One Bedroom | 1BR,1BA | $1,295 |
| 1243 W Main St | One Bedroom | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Downtown Waterbury, CT
As of February 23, 2026 the best value apartment in the Downtown Waterbury area is the $0.79 price per square foot 208 Buckingham St Model at 208 Buckingham St, Unit Apartment 1 in the in the Waterbury Middlebury neighborhood starting from $1,900. The second greatest value Downtown Waterbury apartment is the 39 Chestnut Ave Model at 39 Chestnut Ave, Unit 2 starting at $1,375 with a $1.02 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 208 Buckingham St, Unit Apartment 1 | 208 Buckingham St | 3BR,2BA | $0.79 |
| 39 Chestnut Ave, Unit 2 | 39 Chestnut Ave | 3BR,2BA | $1.02 |
| 78 Chestnut Ave | 78 Chestnut Ave | 4BR,1BA | $1.37 |
| 37 Eastwood Ave, Unit 2 | 37 Eastwood Ave | 2BR,1BA | $1.25 |
| 12 Hilltop Ave, Unit 1st Floor | 12 Hilltop Ave | 2BR,1BA | $1.58 |
| 256 Plank Rd, Unit 2 floor | 256 Plank Rd | 2BR,1BA | $1.62 |
| Wyndham Court Apartments | One Bedroom | 1BR,1BA | $1.44 |
| 13 Poplar Pl, Unit 3 | 13 Poplar Pl | 2BR,1BA | $1.51 |
| 67 Dallas Ave, Unit 9 | 67 Dallas Ave | 2BR,1BA | $1.47 |
| Grove Court | One Bedroom | 1BR,1BA | $1.29 |
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 ArticleThe 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.
Read ArticleCash 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.
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 LifestyleDowntown Waterbury, Waterbury, CT
Ranked #2
Among cities in Connecticut for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,375.
What is the price of a cheap apartment in Downtown Waterbury?
The cheapest apartment in Downtown Waterbury is Grove Court which is listed at $900, while the average apartment in Downtown Waterbury costs $2,100.
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 $129 which is $1,971 cheaper than the average rent for all rentals in Downtown 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.