139 Draper Ave
Waterford TownshipMI48328
Cheap Homes for Rent in Waterford, MI from $600 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford.
240 W Ann Arbor Ave
PontiacMI48340
240 W Ann Arbor Ave
PontiacMI48340
240 W Ann Arbor Ave
PontiacMI48340
2500 Mann Rd
Village of ClarkstonMI48346
8845 Orrick St
Commerce TownshipMI48382
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.
1824 Colonial Village Way
Waterford TownshipMI48328
111 W Cornell Ave
PontiacMI48340
21 Canal Dr
PontiacMI48341
14 Riverbank Dr
PontiacMI48341
758 W Huron St
PontiacMI48341
46 W Strathmore Ave
PontiacMI48340
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.
49 Canal Dr
PontiacMI48341
3115 Cass Lake Ave
Keego HarborMI48320
920 Premont Ave
Waterford TownshipMI48328
27 Riverbank Dr
PontiacMI48341
25 Riverbank Dr
PontiacMI48341
2500 Mann Rd
Village of ClarkstonMI48346
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.
1323 Laurel Valley Dr
Waterford TownshipMI48327
1323 Laurel Valley Dr
Waterford TownshipMI48327
Showing Results 1-20, 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 | $1,419 | $1,095 | $2,025 |
| Waterford 3 Bedroom Homes for Rent | $2,154 | $800 | $4,300 |
| Waterford 4 Bedroom Homes for Rent | $2,666 | $2,100 | $3,500 |
| Waterford 5 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Waterford
Explore Waterford
Waterford, MI Local Guide
- Waterford Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Waterford, MI
Pricing Updated: 01/02/2026Current 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 | 64 |
Cheapest Available Waterford Apartments for Rent and Nearby
The cheapest available apartment rental in Waterford, MI is a 1 Bed unit found at Colony Hill Apartments in the Forestbrook neighborhood priced from $800. Waterford Square in the Forestbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colony Hill Apartments | One Bedroom | 1BR,1BA | $800 |
| Waterford Square | 1 Bedroom, 1 Bath Apartment | 1BR,1BA | $849 |
| Cass Lake Shore Club | A1 | 1BR,1BA | $870 |
| Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $899 |
| Huron Place | Studio | Studio,1BA | $899 |
Best Value Apartments for Rent in Waterford, MI and Nearby
As of January 03, 2026 the best value apartment in the Waterford area is the $1.05 price per square foot The Willow Model at Mosaic of Auburn Hills in the in the North Side neighborhood starting from $1,845. The second greatest value Waterford apartment is the 3329 Sashabaw Rd Model at 3329 Sashabaw Rd, Unit #1 starting at $1,800 with a $1.29 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. |
|---|---|---|---|
| Mosaic of Auburn Hills | The Willow | 2BR,2.5BA | $1.05 |
| 3329 Sashabaw Rd, Unit #1 | 3329 Sashabaw Rd | 3BR,1.5BA | $1.29 |
| Elizabeth Lake Estates | 2B1B3 | 2BR,1BA | $1.14 |
| Cherokee Hills Apartments | Elm | 2BR,1BA | $1.10 |
| Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.90 |
| The Crossing at Auburn Hills | 2 Bed 2 Bath | 2BR,2BA | $1.34 |
| Round Hill Apartments | The Barrington Deluxe | 2BR,1.5BA | $1.35 |
| Heritage Park East | 2 Bedroom Apartment | 2BR,1BA | $1.08 |
| Bloomfield On The Green - West Bloomfield, MI | 2 Bed | 1 Bath White | 2BR,1BA | $1.31 |
| Briarwood Apartments | Bridgewater | 1BR,1BA | $1.35 |
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
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.
Read ArticleCash 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.
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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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 $3,100. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $650 to $20,000.
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 $650 to $20,000 with an average monthly rent of $5,399.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!