140 Summit St
PontiacMI48342
Cheap Homes for Rent in Waterford, MI from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford.
26 Canal Dr
PontiacMI48341
24 Canal Dr
PontiacMI48341
1804 Colonial Village Way, Unit #1, Unit #1
1804 Colonial Village Way
WaterfordMI48328
1671 Cass Lake Rd
Keego HarborMI48320
149 Huronview Ct
White LakeMI48386
27 Sylvan Ct
PontiacMI48341
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.
76 W Strathmore Ave
PontiacMI48340
126 W Cornell Ave
PontiacMI48340
136 S River Dr
Independence TownshipMI48346
168 Summit View Ct
White LakeMI48386
995 Lakeview St
Waterford TownshipMI48328
8385 Pontiac Lake Rd
White LakeMI48386
9172 Millward Ave
White LakeMI48386
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.
Showing Results 1-14, Page 1 of 1
Waterford, MI 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 | $1,569 | $1,149 | $1,995 |
| Waterford 3 Bedroom Homes for Rent | $2,456 | $1,322 | $8,250 |
| Waterford 4 Bedroom Homes for Rent | $2,690 | $1,750 | $4,200 |
| Waterford 5 Bedroom Homes for Rent | $2,750 | $2,000 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Waterford, MI Local Guide
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Cheapest Neighborhoods for Apartments in Waterford, MI
Pricing Updated: 05/21/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Forestbrook | $1,500 | $550 | 61 |
Cheapest Available Waterford Apartments for Rent
The cheapest available apartment rental in Waterford, MI is a 1 Bed unit found at Adams Lake Apartments in the Forestbrook neighborhood priced from $750. Colony Hill Apartments in the Forestbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Adams Lake Apartments | 1 Bedroom Apartment | 1BR,1BA | $750 |
| Colony Hill Apartments | One Bedroom | 1BR,1BA | $850 |
| Rivers Edge Apartments | Lunaria | Studio,1BA | $881 |
| Pine Lake Apartments | The Juniper | 1BR,1BA | $895 |
| Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $899 |
Best Value Apartments for Rent in Waterford, MI
As of May 21, 2026 the best value apartment in the Waterford area is the $1.05 price per square foot Forest View - Two Bedroom Apartment Model at Forest View Apartments (Forest View Waterford LLC) in the starting from $1,150. The second greatest value Waterford 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 Waterford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Forest View Apartments (Forest View Waterford LLC) | Forest View - Two Bedroom Apartment | 2BR,1BA | $1.05 |
| Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.95 |
| Laketree | 2 Bed 1 Bath | 2BR,1BA | $1.16 |
| Crescent Manor | Deluxe 2 Bedroom | 2BR,1BA | $1.25 |
| Greens Lake Apartments | The Oakmont | 1BR,1BA | $1.28 |
| Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $0.92 |
| Pine Lake Apartments | The Spruce | 2BR,1BA | $1.19 |
| Ashton Pines | Douglas | 2BR,1BA | $1.28 |
| Woodlake Hills | 2Bed1Bath | 2BR,1BA | $1.18 |
| Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $1.06 |
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 Article
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.
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.
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See the most popular apartments and homes in Waterford, MI
Frequently Asked Questions about Waterford
What type of rentals are currently available in Waterford?
There are currently 183 Apartments for Rent in Waterford, MI with pricing that ranges from $550 to $3,600. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $650 to $8,250.
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 $650 to $8,250 with an average monthly rent of $2,122.
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
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.
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.
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.
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.