
Cheap Apartments for Rent near Waterfall, PA from $300 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterfall.


Sunbrook Manor

Logan Hills Apartments

Keith Hilltop Terrace 55+ Living

300-306 W Main St

Mountain View

Chateau Terrace Apartments

Cottages of Shippensburg, 55+

Deerfield Commons
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.

Hollidaysburg Manor

Flats of Shippensburg

Fountainview Apartments & Townhomes

Creekside Apartments

Total Monthly Price
Walton Heights

Orchard Apartments

Milestone Apartments

Hopper Commons

Raystown Crossing
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.

Normandy Lofts

Catawba Club

Quaker Creek Apartments

Mount Union Senior Lofts

111 Broad St

Russell Building

120 Lincoln Way W

Washington Square Town Homes

Shippensburg Village Townhomes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Laurel Woods

72 Lincoln Way W

704 5th St

14169 Buchanan Trail W

106 Beckman Dr

112 E Washington St

109 S Earl St

170 W Washington St

Allegheny One Apartments
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.

Rose Rent Lofts

2246 Lincoln Way E
Waterfall, PA Local Guide

How much does it cost to rent an apartment in Waterfall?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfall Studio Apartments | $535 | $535 | $535 |
| Waterfall 1 Bedroom Apartments | $1,345 | $750 | $1,795 |
| Waterfall 2 Bedroom Apartments | $1,538 | $760 | $2,155 |
| Waterfall 3 Bedroom Apartments | $1,750 | $825 | $2,513 |
| Waterfall 4 Bedroom Apartments | $2,081 | $1,675 | $2,400 |
Browse Top Apartments in Waterfall
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Waterfall, PA Local Guide
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Cheapest Available Waterfall Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterfall, PA is a 2 Beds unit found at Catawba Club in the Morgan County neighborhood priced from $682. Washington Square Town Homes in the Franklin County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $829. Here is today’s list of the most affordable Waterfall apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Catawba Club | 2 Bedroom B | 2BR,2BA | $682 |
| Washington Square Town Homes | 2 Bedroom 907 | 2BR,1BA | $829 |
| Hopper Commons | 2 Bedroom | 2BR,1BA | $900 |
| 300-306 W Main St | 1 Bedroom A | 1BR,1BA | $925 |
| Mountain View | Unfurnished | 2BR,2BA | $925 |
| Raystown Crossing | 2 Bedroom | 2BR,1BA | $959 |
| Normandy Lofts | 2 Bedroom | 2BR,1BA | $980 |
| Cottages of Shippensburg, 55+ | Two Bedroom | 2BR,1BA | $1,025 |
| 106 Beckman Dr | 2 Bed 2 Bath | 2BR,2BA | $1,075 |
| Shippensburg Village Townhomes | Two Bedroom Townhome | 2BR,1BA | $1,147 |
Best Value Apartments for Rent in Waterfall, PA and Nearby
As of August 07, 2026 the best value apartment in the Waterfall area is the $0.76 price per square foot Townhouse with Den Model at Fountainview Apartments & Townhomes in the in the Outer Downtown Maugansville neighborhood starting from $1,550. The second greatest value Waterfall apartment is the 2 Level Townhome Model at Channing Drive Townhomes & Oakley Lane Villas starting at $1,845 with a $0.97 price per square foot in the Franklin County neighborhood. Here is today’s list of the best values for Waterfall apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fountainview Apartments & Townhomes | Townhouse with Den | 3BR,3.5BA | $0.76 |
| Channing Drive Townhomes & Oakley Lane Villas | 2 Level Townhome | 3BR,2.5BA | $0.97 |
| Creekside Apartments | Three Bedroom with Den | 3BR,2BA | $1.00 |
| Shippensburg Commons Apartments | Shippensburg | 2BR,2BA | $1.03 |
| Orchard Apartments | Orchard Apartments 2 Bedroom | 2BR,2BA | $0.98 |
| Catawba Club | 3 Bedroom A | 3BR,1BA | $0.81 |
| Raystown Crossing | 2 Bedroom | 2BR,1BA | $0.96 |
| Cottages of Shippensburg, 55+ | Two Bedroom | 2BR,1BA | $1.04 |
| Altoona Student Housing | 1 Bed | 1BR,1BA | $0.46 |
| Hopper Commons | 2 Bedroom | 2BR,1BA | $0.94 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterfall, PA Rentals by Map
See the most popular apartments and homes in Waterfall, PA
Frequently Asked Questions about Cheap Waterfall Apartments
How much is rent for a Cheap One Bedroom Waterfall Apartment?
The lowest price for a Cheap One Bedroom Waterfall Apartment is $925 at 300-306 W Main St.
What is the lowest price for a Cheap Two Bedroom Waterfall Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfall is starting from $682 at Catawba Club.
What is the most affordable Waterfall Three Bedroom Apartment?
The best deal on a cheap Waterfall Three Bedroom Apartment rental is at Catawba Club and starts from $972.
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.

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.

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.