Cheap Apartments for Rent in Waterfall, PA from $500 (31 Rentals)

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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.

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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.

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111 Broad St
Studio to 2 Bedroom Apartments

111 Broad St

111 Broad StHollidaysburg, PA 16648
  • Utilities Included
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Hopper Commons
2 to 3 Bedroom Apartments

Hopper Commons

126 Hopper LnHollidaysburg, PA 16648

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.

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Laurel Woods
1 to 3 Bedroom Apartments

Laurel Woods

1943 Saint Joseph StCresson, PA 16630

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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109 S Earl St
2 to 3 Bedroom Apartments

109 S Earl St

109 S Earl StShippensburg, PA 17257
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Waterfall, PA Local Guide

Cheapest Available Waterfall Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterfall, PA is a 2 Beds unit found at Mountain View priced from $800. Russell Building in the Downtown Altoona neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable Waterfall apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain ViewUnfurnished2BR,2BA$800
Russell Building2 Bed 1 Bath2BR,1BA$800
300-306 W Main St1 Bedroom A1BR,1BA$925
Keith Hilltop Terrace 55+ Living2 Beds, 1 Baths2BR,1BA$994
Cottages of Shippensburg, 55+Two Bedroom2BR,1BA$1,025
Fountainview Apartments & TownhomesApartment2BR,1BA$1,200
Hollidaysburg ManorTwo Bedroom2BR,2BA$1,235
Shippensburg Village TownhomesTwo Bedroom Townhome2BR,1BA$1,247
Rose Rent Lofts2 BR2BR,1BA$1,298
405 Blossom Dr4052BR,2BA$1,315

Best Value Apartments for Rent in Waterfall, PA and Nearby

As of May 08, 2026 the best value apartment in the Waterfall area is the $0.93 price per square foot 2 Story End Unit w/Garage Townhome Model at Progress Village LLC in the starting from $1,945. The second greatest value Waterfall apartment is the Jennifer Model at Delano Meadows starting at $2,095 with a $1.07 price per square foot . Here is today’s list of the best values for Waterfall apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Progress Village LLC2 Story End Unit w/Garage Townhome3BR,2.5BA$0.93
Delano MeadowsJennifer3BR,2.5BA$1.07
Channing Drive Townhomes & Oakley Lane Villas2 Level Townhome3BR,2.5BA$0.97
Hollidaysburg ManorTwo Bedroom + Den2BR,2BA$1.01
Shippensburg Commons ApartmentsShippensburg2BR,2BA$1.03
Keith Hilltop Terrace 55+ Living2 Beds, 1 Baths2BR,1BA$0.99
Cottages of Shippensburg, 55+Two Bedroom2BR,1BA$1.04
Altoona Student Housing1 Bed1BR,1BA$0.46
Russell Building2 Bed 1 Bath2BR,1BA$1.00
Mountain ViewUnfurnished2BR,2BA$1.12

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterfall, PA Rentals by Map

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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 $800 at Mountain View.

What is the most affordable Waterfall Three Bedroom Apartment?

The best deal on a cheap Waterfall Three Bedroom Apartment rental is at Walton Heights and starts from $1,618.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.