
Cheap Apartments for Rent in the Downtown Waterbury Neighborhood of Waterbury, CT from $500 (110 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waterbury area of Waterbury.


415 Baldwin St, Unit 2 REAR

Grove Court

445 Meadow St

135 W Main St

Liberty Court

Total Monthly Price
15 Preston Ter

Jefferson Square Apartments

134 Hill St

1660 E Main 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.

124 Meriden Rd

20 Lounsbury Ave

344 Washington Ave

121 Lounsbury St

21 N Walnut St

316 Wilson St

Josephine Towers Senior Living

Wyndham Court Apartments

247 Willow St

58 Kellogg 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.

Total Monthly Price
58 Kellogg St

32 3rd St, Unit 2

1243 W Main St

49 Johnson St

1235 Bank St

Total Monthly Price
78 Chestnut Ave

393 Highland Ave

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

78 Francis St

654 Highland Ave
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.

Piping Rock Apartments

Meridian Apartments

221 Willow St

75 High St

77 Alma St

158 Alder St

175 Chestnut Ave

22 Wyman St

4 Templeton St

24 Pilgrim Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

111 Bank St

1472 Baldwin St

49 Howard St

779 E Main St

85 Draher St

Villa Square LLC

61 Field St

16 Byron St

39 Giles St

33 Pilgrim Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,107 | $900 | $1,292 |
| Downtown Waterbury 1 Bedroom Apartments | $1,378 | $950 | $1,786 |
| Downtown Waterbury 2 Bedroom Apartments | $1,659 | $1,250 | $2,200 |
| Downtown Waterbury 3 Bedroom Apartments | $1,757 | $1,400 | $2,500 |
| Downtown Waterbury 4 Bedroom Apartments | $2,039 | $1,450 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 110 rentals with your search options within a 2 mile radius of the Downtown Waterbury Neighborhood of Waterbury, CT.
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Downtown Waterbury, Waterbury, CT Local Guide
- Nearby Waterbury neighborhoods
- Nearby Cities
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- School Districts
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 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,425 |
| Meridian Apartments | 1 Bedroom | 1BR,1BA | $1,430 |
| Villa Square LLC | 1 Bedroom Townhouse, Cinch | 1BR,1BA | $1,540 |
Best Value Apartments for Rent in Downtown Waterbury, CT
As of April 09, 2026 the best value apartment in the Downtown Waterbury area is the $1.37 price per square foot 203 Cooke St Model at 203 Cooke St in the in the Waterbury Middlebury neighborhood starting from $2,050. The second greatest value Downtown Waterbury apartment is the 95 Bristol St Model at 95 Bristol St, Unit 2B starting at $1,800 with a $1.64 price per square foot in the Seymour Naugatuck Ansonia 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. |
|---|---|---|---|
| 203 Cooke St | 203 Cooke St | 4BR,1BA | $1.37 |
| 95 Bristol St, Unit 2B | 95 Bristol St | 2BR,1.5BA | $1.64 |
| 33 Howard St, Unit 2 | 33 Howard St | 3BR,1BA | $1.60 |
| 78 Royal Oak Dr, Unit 78B | 78 Royal Oak Dr | 2BR,1BA | $1.57 |
| 58 Kellogg St | 58 Kellogg St | 1BR,1BA | $1.40 |
| 256 Plank Rd, Unit 2 floor | 256 Plank Rd | 2BR,1BA | $1.73 |
| Wyndham Court Apartments | One Bedroom | 1BR,1BA | $1.44 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1.76 |
| 15 Preston Ter | 15 Preston Ter | 1BR,1BA | $1.57 |
| Grove Court | One Bedroom | 1BR,1BA | $1.29 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 $1,540.
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 $2,500.
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 $161 which is $2,339 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
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.

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.