Cheap Apartments for Rent in the Downtown Waterbury Neighborhood of Waterbury, CT from $500 (10 Rentals)

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

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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Trinity Apartments
Studio to 3 Bedroom Apartments

Trinity Apartments

41 Prospect StWaterbury, CT 06702
  • Utilities Included
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Newman Apartments
1 to 2 Bedroom Apartments

Newman Apartments

27 Newman AveWaterbury, CT 06705
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146 Grand St
Studio to 1 Bedroom Apartments

146 Grand St

146 Grand StWaterbury, CT 06702
  • Utilities Included

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.

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Westview Apartments
1 Bedroom Apartments

Westview Apartments

170 Hillside AveWaterbury, CT 06710
  • 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
Wyndham Court ApartmentsOne Bedroom1BR,1BA$1,195

Best Value Apartments for Rent in Downtown Waterbury, CT

As of June 27, 2025 the best value apartment in the Downtown Waterbury area is the $1.31 price per square foot 181 Easton Ave Model at 181 Easton Ave, Unit 1 in the in the Waterbury Middlebury neighborhood starting from $2,100. The second greatest value Downtown Waterbury apartment is the 267 Sylvan Ave Model at 267 Sylvan Ave, Unit 3 starting at $1,950 with a $1.30 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.
181 Easton Ave, Unit 1181 Easton Ave4BR,1BA$1.31
267 Sylvan Ave, Unit 3267 Sylvan Ave3BR,1BA$1.30
Middlebury Crossing Apartments2 Bedroom/1.5 Bath Townhome2BR,1.5BA$1.68
19 Eastwood Ave, Unit 219 Eastwood Ave3BR,1BA$1.80
Wyndham Court ApartmentsOne Bedroom1BR,1BA$1.33
16 Fairview St, Unit 116 Fairview St3BR,1BA$2.00
1243 W Main StOne Bedroom1BR,1BA$1.67
Grove CourtOne Bedroom1BR,1BA$1.33
LakeviewThe Ashford1BR,1BA$2.28
Rivers EdgeThe Melrose1BR,1BA$2.29

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Pet Friendly Lifestyle
Downtown Waterbury, Waterbury, CT

Ranked #1

Among neighborhoods in Waterbury, CT 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 $1,548.

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 $129 which is $1,871 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.