Cheap Apartments for Rent in the Forestbrook Neighborhood of Waterford, MI from $500 (11 Rentals)

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

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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Heritage Park West
1 to 2 Bedroom Apartments

Heritage Park West

3500 Watkins Lake RdWaterford, MI 48328
  • Utilities Included

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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Monroe Manor
Studio to 2 Bedroom Apartments

Monroe Manor

59 Monroe StPontiac, MI 48341
  • Utilities Included

Forestbrook, Waterford, MI Local Guide

Cheapest Available Forestbrook Apartments for Rent

 

The cheapest available apartment rental in the Forestbrook area of Waterford, MI is a 1 Bed unit found at Adams Lake Apartments priced from $750. Colony Hill Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Forestbrook apartments for rent in Waterford, MI:

Apartment ListingModel NameBed/BathPriced From
Adams Lake Apartments1 Bedroom Apartment1BR,1BA$750
Colony Hill ApartmentsOne Bedroom1BR,1BA$850
Huron PlaceStudioStudio,1BA$899
Rivers Edge ApartmentsPrimrose1BR,1BA$899
Heritage Park East1 Bedroom Apartment1BR,1BA$899

Best Value Apartments for Rent in Forestbrook, MI

As of June 20, 2026 the best value apartment in the Forestbrook area is the $1.27 price per square foot 2B15B5 Model at Elizabeth Lake Estates in the in the Forestbrook neighborhood starting from $1,425. The second greatest value Forestbrook apartment is the Two Bedroom Model at Colony Hill Apartments starting at $950 with a $0.95 price per square foot in the Forestbrook neighborhood. Here is today’s list of the best values for Forestbrook apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elizabeth Lake Estates2B15B52BR,1.5BA$1.27
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.95
Heritage Park East2 Bedroom Apartment Premium2BR,1BA$1.26
Crescent ManorDeluxe 2 Bedroom2BR,1BA$1.25
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$0.92
Cass Lake Shore Club1 Bedroom 1 Bathroom1BR,1BA$1.30
Cherokee Hills ApartmentsCedar1BR,1BA$1.34
Greyberry Park Apartments1 Bedroom 1 Bath1BR,1BA$1.27
Glengarry Park - Waterford Twp, MIThe Cresent1BR,1BA$1.57
707 W Huron St, Unit 2707 W Huron StStudio ,1BA$1.40

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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Quick 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.

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Pet Friendly Lifestyle
Forestbrook, Waterford, MI

Ranked #1

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Forestbrook Apartments

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

The lowest price for a Cheap One Bedroom Forestbrook Apartment is $750 at Adams Lake Apartments.

What is the lowest price for a Cheap Two Bedroom Forestbrook Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Forestbrook is starting from $850 at Adams Lake Apartments.

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

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.