
Cheap Homes for Rent in the Downtown Waterbury Neighborhood of Waterbury, CT from $550 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waterbury area of Waterbury.


777 East St

36 Grandview Ave

140 Grand St, Unit 4B

215 Waterville St

95 Sunnyside Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

27 Benham St

35 Mountain Village Rd, Unit 28

151 Hillside Ave, Unit 1E

31 Frederick St, Unit 31 frederick 1

47 Irion St

31 Frederick St, Unit 2
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 a home in Downtown Waterbury?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waterbury 2 Bedroom Homes for Rent | $1,853 | $1,200 | $2,600 |
| Downtown Waterbury 3 Bedroom Homes for Rent | $2,150 | $1,300 | $3,400 |
| Downtown Waterbury 4 Bedroom Homes for Rent | $2,450 | $550 | $3,500 |
| Downtown Waterbury 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Downtown Waterbury 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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
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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 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 |
| Wyndham Court Apartments | One Bedroom | 1BR,1BA | $1,350 |
| 1243 W Main St | One Bedroom | 1BR,1BA | $1,350 |
| Piping Rock Apartments | One Bedroom | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Downtown Waterbury, CT
As of August 23, 2026 the best value apartment in the Downtown Waterbury area is the $1.33 price per square foot 83 Southview St Model at 83 Southview St, Unit Third floor in the in the Waterbury Middlebury neighborhood starting from $1,600. The second greatest value Downtown Waterbury apartment is the 2 Bedroom/1.5 Bath Townhome Model at Middlebury Crossing Apartments starting at $1,995 with a $1.81 price per square foot in the Waterbury 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. |
|---|---|---|---|
| 83 Southview St, Unit Third floor | 83 Southview St | 3BR,1BA | $1.33 |
| Middlebury Crossing Apartments | 2 Bedroom/1.5 Bath Townhome | 2BR,1.5BA | $1.81 |
| Rivers Edge Apartments | Berkshire | 2BR,1BA | $1.95 |
| Villa Square LLC | 2 Bedroom Townhouse, Cinch | 2BR,1.5BA | $1.94 |
| 256 Plank Rd, Unit 2 floor | 256 Plank Rd | 2BR,1BA | $1.73 |
| Wyndham Court Apartments | One Bedroom | 1BR,1BA | $1.50 |
| 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 |
| Liberty Court | Studio | Studio ,1BA | $2.13 |
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
4.0Pet Friendly
Frequently Asked Questions about Downtown Waterbury
What type of rentals are currently available in Downtown Waterbury?
There are currently 621 Apartments for Rent in Downtown Waterbury, CT with pricing that ranges from $925 to $2,600. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waterbury ranging from $550 to $3,500.
What is the current price range for Rental Homes in Downtown Waterbury?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Waterbury ranges from $550 to $3,500 with an average monthly rent of $1,972.
How much are larger Three and Four Bedroom Rentals in Downtown Waterbury?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Waterbury range from $1,300 to $2,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,400. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $1,575.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.