Cheap Homes for Rent in Waterford, MI from $700 (10 Rentals)

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Search the lowest-cost Homes 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.

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.

Waterford, MI Local Guide

Cheapest Neighborhoods for Apartments in Waterford, MI

Pricing Updated: 07/30/2025

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$550124

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
Rivers Edge ApartmentsPrimrose1BR,1BA$848

Best Value Apartments for Rent in Waterford, MI

As of July 30, 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 3 Bed 2 Bath Model at The Crossing at Auburn Hills starting at $1,375 with a $1.16 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
The Crossing at Auburn Hills3 Bed 2 Bath3BR,2BA$1.16
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
Cherokee Hills ApartmentsElm2BR,1BA$1.21
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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Frequently Asked Questions about Waterford

What type of rentals are currently available in Waterford?

There are currently 180 Apartments for Rent in Waterford, MI with pricing that ranges from $550 to $3,500. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $700 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 $700 to $20,000 with an average monthly rent of $5,183.

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.