
Cheap Homes for Rent in Waterford, CT from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford.


54 Hempstead St

2 Colonial Dr
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.

11 Woodland Dr

7 Griswold Ct

229 CT-163, Unit 4
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.

60 Hawthorne Dr
Waterford, CT Local Guide

How much does it cost to rent a home in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford 2 Bedroom Homes for Rent | $2,282 | $1,500 | $3,200 |
| Waterford 3 Bedroom Homes for Rent | $3,038 | $2,400 | $7,300 |
| Waterford 4 Bedroom Homes for Rent | $7,416 | $1,750 | $10,000+ |
| Waterford 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
| Waterford 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
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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 Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Village Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $922 |
| Village Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,000 |
| Crocker House | Studio | 2BR,2BA | $1,100 |
Best Value Apartments for Rent in Waterford, CT
As of August 20, 2026 the best value apartment in the Waterford area is the $1.76 price per square foot Townhouse Model at 120 Broad St in the in the New London neighborhood starting from $2,650. 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. |
|---|---|---|---|
| 120 Broad St | Townhouse | 2BR,3BA | $1.76 |
| Brookside Commons | 2 bedroom - 80% | 2BR,1.5BA | $1.73 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| 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 |
| 202 Grove Ave | 202 Grove Ave | 2BR,1BA | $1.68 |
| Village Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $1.44 |
| Washington Street Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.63 |
| Londonberry Gardens Apartments | 3 Bedroom | 3BR,1BA | $1.63 |
| Monte Cristo Building | Studio | Studio ,1BA | $2.07 |
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.
Best Local Schools in Waterford, CT
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waterford
What type of rentals are currently available in Waterford?
There are currently 203 Apartments for Rent in Waterford, CT with pricing that ranges from $975 to $3,812. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $1,175 to $40,000.
What is the current price range for Rental Homes in Waterford?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterford ranges from $1,175 to $40,000 with an average monthly rent of $3,634.
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.