
Cheap Apartments for Rent in Waterford, CT from $1,000 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


Twin Haven Inc.

Post Road Garden Apartments

11 Woodland Dr

302 Boston Post Rd

273 Ocean Ave

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Village Apartments

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Crocker House

26 Prospect St

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Washington Street Apartments
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.

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Pride Point and Progress Point

27 Jay St

251 Williams St

44 Prest St

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Monte Cristo Building

25-31 Franklin St

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78 Pequot Rd, Unit 1

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Courtview Square Apartments

575 Bank St

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Deerfield Village
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.

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Faire Harbour Landings

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Eagle Pointe

39 Fitch Ave

25 Brewer St

30 Jefferson Ave

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Vessel - Bank Street

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Nutmeg Woods

101 Thames St

215-219 Bank St

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72 Willetts Ave, Unit 2
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.

72 Willetts Ave, Unit 2

Villages at Shore Landing

Parkside West Apartments

80-82 Maple Ave.

Londonberry Gardens Apartments

Oxoboxo Lofts

73 Oneco Ave

8 Bank St

92 Truman St

54 Hempstead St
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.

173-175 Norwich-New London Turnpike

109-111 Broad St

Nice and quiet apartments in New London

Garfield Avenue Apartments

Villages at Shore Landing

200 Montauk Ave

Beacon Point

Winthrop Square Apartments

120 Broad St

7 Griswold Ct
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.
Waterford, CT Local Guide

How much does it cost to rent an apartment in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waterford Studio Apartments | $1,940 | $1,100 | $2,141 |
| Cheap Waterford 1 Bedroom Apartments | $2,014 | $1,000 | $3,059 |
| Cheap Waterford 2 Bedroom Apartments | $2,283 | $1,200 | $3,922 |
| Cheap Waterford 3 Bedroom Apartments | $2,197 | $1,400 | $3,014 |
| Cheap Waterford 4 Bedroom Apartments | $2,750 | $2,750 | $2,750 |
Browse Top Apartments in Waterford
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Waterford, CT Local Guide
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Cheapest Available Waterford Apartments for Rent
 The cheapest available apartment rental in Waterford, CT is a 1 Bed unit found at Village Apartments in the Northeast New London Norwich neighborhood priced from $1,000. Londonberry Gardens Apartments in the New London neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,090. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,000 |
| Londonberry Gardens Apartments | 1 Bedroom | 1BR,1BA | $1,090 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $1,136 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1BA | $1,200 |
| 109-111 Broad St | 0BR/1.0BA | Studio,1BA | $1,250 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,300 |
| Monte Cristo Building | Studio | Studio,1BA | $1,350 |
| 120 Broad St | Studio | Studio,1BA | $1,400 |
| Villages at Shore Landing | Cove | Studio,1BA | $1,446 |
Best Value Apartments for Rent in Waterford, CT
As of September 13, 2026 the best value apartment in the Waterford area is the $1.42 price per square foot 72 Willetts Ave Model at 72 Willetts Ave, Unit 2 in the in the New London neighborhood starting from $1,700. The second greatest value Waterford apartment is the 2 bedroom - 80% Model at Brookside Commons starting at $2,066 with a $1.73 price per square foot in the New London neighborhood. Here is today’s list of the best values for Waterford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 72 Willetts Ave, Unit 2 | 72 Willetts Ave | 2BR,1.5BA | $1.42 |
| Brookside Commons | 2 bedroom - 80% | 2BR,1.5BA | $1.73 |
| Pride Point and Progress Point | Two Bedroom | 2BR,1.5BA | $1.13 |
| Bayonet Street Apartments | Bayo II - Two Bed Two Bath | 2BR,2BA | $1.69 |
| 24 Alger St, Unit 24 Alger Street | 24 Alger St | 1BR,1BA | $1.82 |
| 78 Pequot Rd, Unit 1 | 78 Pequot Rd | 2BR,1BA | $1.61 |
| Village Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $1.44 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Monte Cristo Building | Studio | Studio ,1BA | $2.07 |
| Londonberry Gardens Apartments | 1 Bedroom | 1BR,1BA | $1.87 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Best Local Schools in Waterford, CT
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterford, CT Rentals by Map
See the most popular apartments and homes in Waterford, CT
Frequently Asked Questions about Cheap Waterford Apartments
What is the Cheapest Studio apartment in Waterford?
Currently the most affordable Cheap Studio Apartment in Waterford is at 109-111 Broad St listed at $1,250.
How much is rent for a Cheap One Bedroom Waterford Apartment?
The lowest price for a Cheap One Bedroom Waterford Apartment is $1,000 at Village Apartments.
What is the lowest price for a Cheap Two Bedroom Waterford Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterford is starting from $1,100 at Crocker House.
What is the most affordable Waterford Three Bedroom Apartment?
The best deal on a cheap Waterford Three Bedroom Apartment rental is at Londonberry Gardens Apartments and starts from $1,300.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.