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$8951 Bedroom Apartments Available Now
22 Cadillac St, Unit 8
22 Cadillac StPontiac, MI 48342
Cheap Homes for Rent in Waterford, MI from $900 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford.
78 E Fairmount Ave
PontiacMI48340
54 E Princeton Ave
PontiacMI48340
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$1,1952 Bedroom Apartments Available Now
51 Spokane Dr, Unit 2
51 Spokane DrPontiac, MI 48341
1804 Colonial Village Way, Unit #1
1804 Colonial Village Way
WaterfordMI48328
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.
44 Canal Dr
PontiacMI48341
104 Henderson St
PontiacMI48341
136 S River Dr
Independence TownshipMI48346
2500 Mann Rd
Village of ClarkstonMI48346
271 Dick Ave
PontiacMI48341
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.
1407 Laurel Valley Dr
Waterford TownshipMI48327
2500 Mann Rd
Village of ClarkstonMI48346
655 Lewa Downs Dr
PontiacMI48341
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$1,6003 Bedroom Apartments Available Now
23 Henry Clay Ave, Unit 1
23 Henry Clay AvePontiac, MI 48341
3079 Grove St
Keego HarborMI48320
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.
43 Dwight Ave
PontiacMI48341
1603 Cass Lake Rd
Keego HarborMI48320
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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 | $1,783 | $950 | $2,400 |
| Waterford 3 Bedroom Homes for Rent | $2,471 | $1,279 | $5,500 |
| Waterford 4 Bedroom Homes for Rent | $3,386 | $1,695 | $5,950 |
| Waterford 5 Bedroom Homes for Rent | $3,500 | $3,500 | $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
- Waterford Neighborhoods
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Cheapest Neighborhoods for Apartments in Waterford, MI
Pricing Updated: 07/09/2026Current 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 | 91 |
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 Waterford neighborhood priced from $750. Airport Apartments in the Waterford 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 |
| Airport Apartments | 1 Bed | 1 Bath | Sublease - 10 Month Contract | 1BR,1BA | $850 |
| Colony Hill Apartments | One Bedroom | 1BR,1BA | $850 |
| Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $895 |
| Huron Place | Studio | Studio,1BA | $899 |
Best Value Apartments for Rent in Waterford, MI
As of July 09, 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 Townhomes and Apartments in the in the Waterford neighborhood starting from $1,150. The second greatest value Waterford apartment is the 21B- 2 Bed 1 Bath Model at Independence Square Apartments starting at $1,125 with a $1.09 price per square foot . 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 Townhomes and Apartments | Forest View - Two Bedroom Apartment | 2BR,1BA | $1.05 |
| Independence Square Apartments | 21B- 2 Bed 1 Bath | 2BR,1BA | $1.09 |
| Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.95 |
| The Crossing at Auburn Hills | 2 Bed 2 Bath | 2BR,2BA | $1.24 |
| Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $0.92 |
| Pine Lake Apartments | The Spruce | 2BR,1BA | $1.24 |
| Woodlake Hills | 2 Bed 1 Bath | 2BR,1BA | $1.18 |
| Cass Lake Shore Club | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.17 |
| Airport Apartments | 1 Bed | 1 Bath | Sublease - 10 Month Contract | 1BR,1BA | $1.17 |
| Greyberry Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.25 |
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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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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Explore Waterford, MI Rentals by Map
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 181 Apartments for Rent in Waterford, MI with pricing that ranges from $550 to $3,600. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $950 to $5,950.
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 $950 to $5,950 with an average monthly rent of $2,508.
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
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.
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.
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.
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.