
Cheap Apartments for Rent in the Downtown Waterbury Neighborhood of Waterbury, CT from $500 (101 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waterbury area of Waterbury.


198 Meriden Rd

Grove Court

Total Monthly Price
144 Grove St, Unit 310

57 Pemberton St

140 Grand St, Unit 4B

135 W Main St

26 Colley St

105 Bank St

61 Field St, Unit 309
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.

132 Locust St

125 Hillside Ave

113 Southview St

121 Lounsbury St

35 Mountain Village Rd, Unit 28

33 Pilgrim Ave

28 Hickory St

221 Willow St

241 Congress Ave

247 Willow 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.

151 Hillside Ave, Unit 1E

1243 W Main St
27 Beacon St

Piping Rock Apartments

423-429 Baldwin St

429 Baldwin St

1019 W Main St

31 Frederick St, Unit 2

146 Chestnut Ave

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.

158 Alder St

Total Monthly Price
36 Gilbert St

61 Field St, Unit 303

61 Field St

75 Vernon St

31 Frederick St, Unit 31 frederick 1

Total Monthly Price
39 Chestnut Ave, Unit 2

Meridian Apartments

Total Monthly Price
78 Chestnut Ave

21 3rd St, Unit 1B
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.

691 S Main St

9 Pierpont St

Villa Square LLC

140 Orange St

49 Howard St

27 Waterville St

219 Woodlawn Terrace

54 Crown St, Unit 1.

77 Wall St

486 Wilson St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,060 | $950 | $1,150 |
| Downtown Waterbury 1 Bedroom Apartments | $1,394 | $950 | $1,672 |
| Downtown Waterbury 2 Bedroom Apartments | $1,627 | $1,150 | $2,250 |
| Downtown Waterbury 3 Bedroom Apartments | $1,798 | $1,300 | $2,550 |
| Downtown Waterbury 4 Bedroom Apartments | $2,033 | $1,500 | $2,700 |
Browse Apartments in this Neighborhood
There are currently 101 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
- Nearby Waterbury neighborhoods
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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 Studio unit found at Liberty Court priced from $850. Grove Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Downtown Waterbury apartments for rent in Waterbury, CT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Liberty Court | Studio | Studio,1BA | $850 |
| Grove Court | One Bedroom | 1BR,1BA | $950 |
| 1243 W Main St | One Bedroom | 1BR,1BA | $1,350 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,399 |
| Meridian Apartments | 1 Bedroom | 1BR,1BA | $1,475 |
| Lakeview | The Ashford | 1BR,1BA | $1,522 |
| Rivers Edge Apartments | Melrose | 1BR,1BA | $1,592 |
Best Value Apartments for Rent in Downtown Waterbury, CT
As of July 09, 2026 the best value apartment in the Downtown Waterbury area is the $1.01 price per square foot 41 Laval St Model at 41 Laval St, Unit Laval Apt 2 in the in the Waterbury Middlebury neighborhood starting from $1,775. The second greatest value Downtown Waterbury apartment is the 465 Washington Ave Model at 465 Washington Ave, Unit 465 Washington starting at $2,500 with a $1.79 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. |
|---|---|---|---|
| 41 Laval St, Unit Laval Apt 2 | 41 Laval St | 2BR,1BA | $1.01 |
| 465 Washington Ave, Unit 465 Washington | 465 Washington Ave | 3BR,1.5BA | $1.79 |
| 27 Cooke St, Unit Cooke Apt 1 | 27 Cooke St | 4BR,1BA | $1.82 |
| Middlebury Crossing Apartments | 2 Bedroom/1.5 Bath Townhome | 2BR,1.5BA | $1.81 |
| 36 Gilbert St | 36 Gilbert St | 1BR,1BA | $1.40 |
| 160 Waterville St, Unit Waterville red | 160 Waterville St | 3BR,1BA | $1.89 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1.73 |
| 1243 W Main St | One Bedroom | 1BR,1BA | $1.80 |
| Grove Court | One Bedroom | 1BR,1BA | $1.36 |
| 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.
Pet Friendly LifestyleDowntown Waterbury, Waterbury, CT
Ranked #2
Among cities in Connecticut for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Waterbury Apartments
What is the Cheapest Studio apartment in Downtown Waterbury?
Currently the most affordable Cheap Studio Apartment in Downtown Waterbury is at Liberty Court listed at $850.
How much is rent for a Cheap One Bedroom Downtown Waterbury Apartment?
The lowest price for a Cheap One Bedroom Downtown Waterbury Apartment is $950 at Grove Court.
What is the lowest price for a Cheap Two Bedroom Downtown Waterbury Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Waterbury is starting from $1,600 at 1243 W Main St.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.