Cheap Apartments for Rent in Waterford, MI from $500 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waterford.

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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Heritage Park West
1 to 2 Bedroom Apartments

Heritage Park West

3500 Watkins Lake RdWaterford, MI 48328
  • Utilities Included
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Pine Lake Apartments
1 to 2 Bedroom Apartments

Pine Lake Apartments

3620 Windmill DrWaterford, MI 48329
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3850-3882 W Walton Blvd
1 Bedroom Apartments

3850-3882 W Walton Blvd

3850-3882 W Walton BlvdWaterford, MI 48329
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Embassy West Apartments
1 to 2 Bedroom Apartments

Embassy West Apartments

5331-5379 Highland RdWaterford, MI 48327
  • Utilities Included

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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Sue Kay Apartments
1 Bedroom Apartments

Sue Kay Apartments

8200 Pontiac Lake RdWhite Lake, MI 48386
  • Utilities Included
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Monroe Manor
1 Bedroom Apartments

Monroe Manor

59 Monroe StPontiac, MI 48341
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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White Lake
3 Bedroom Apartments

White Lake

1415 Fisk RdWhite Lake, MI 48386
  • Utilities Included
Showing Results 1-34, Page 1 of 1

Waterford, MI Local Guide

Cheapest Neighborhoods for Apartments in Waterford, MI

Pricing Updated: 08/04/2025

Current apartment rentals in the Waterford, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterford Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Forestbrook$1,500$55096

Cheapest Available Waterford Apartments for Rent

 

The cheapest available apartment rental in Waterford, MI is a 1 Bed unit found at Clarkston Place Apartments priced from $775. Colony Hill Apartments in the Forestbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Waterford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Clarkston Place ApartmentsOne Bedroom1BR,1BA$775
Colony Hill ApartmentsOne Bedroom1BR,1BA$800
Cass Lake Shore ClubA11BR,1BA$840
Rivers Edge ApartmentsPrimrose1BR,1BA$842
Heritage Park East1 Bedroom Apartment1BR,1BA$899
Huron PlaceStudioStudio,1BA$899
Ashton PinesAustrian1BR,1BA$905
3850-3882 W Walton BlvdOne Bedroom1BR,1BA$915
3188-3192 Sashabaw Rd.1 Bedroom Ranch Apartment In Waterford, Clean a...1BR,1BA$936

Best Value Apartments for Rent in Waterford, MI

As of August 04, 2025 the best value apartment in the Waterford area is the $1.10 price per square foot Baldwin Square - GENERAL INFO Model at Baldwin Square Townhomes in the starting from $1,750. The second greatest value Waterford apartment is the The Maple Model at Mosaic of Auburn Hills starting at $1,810 with a $1.15 price per square foot in the North Side neighborhood. Here is today’s list of the best values for Waterford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Baldwin Square TownhomesBaldwin Square - GENERAL INFO3BR,2.5BA$1.10
Mosaic of Auburn HillsThe Maple2BR,2.5BA$1.15
Cherokee Hills ApartmentsElm2BR,1BA$1.21
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
Ashton PinesSpruce2BR,1BA$1.30
Waterford Square2 Bedroom, 2 Bath Apartment2BR,2BA$1.22
Chalet Villa Lakefront CommunityLarge 1 Bed Apartment with Balcony, Lakefront C...1BR,1BA$1.15
Bloomfield On The Green - West Bloomfield, MI1 Bed | 1 Bath White1BR,1BA$1.26
Heritage Park East1 Bedroom Apartment Premium1BR,1BA$1.31
Pine Apartments1 Bed/1 Bath1BR,1BA$1.27

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

Explore Waterford, MI Rentals by Map

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See the most popular apartments and homes in Waterford, MI

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Getting Around Waterford, MI

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Waterford Apartments

How much is rent for a Cheap One Bedroom Waterford Apartment?

The lowest price for a Cheap One Bedroom Waterford Apartment is $775 at Clarkston Place 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 $850 at Clarkston Place Apartments.

What is the most affordable Waterford Three Bedroom Apartment?

The best deal on a cheap Waterford Three Bedroom Apartment rental is at Baldwin Square Townhomes and starts from $1,750.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.