Cheap Apartments for Rent in Waterford, PA from $500 (27 Rentals)

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

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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Plymouth Apartments
1 to 3 Bedroom Apartments

Plymouth Apartments

604-608 Chestnut StErie, PA 16502
  • Utilities Included

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Waterford, PA Local Guide

Cheapest Available Waterford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterford, PA is a 4 Beds unit found at University Gate priced from $620. Lighthouse Apartments in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Waterford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Gate4 Bed Upgraded4BR,2BA$620
Lighthouse Apartments1 bedroom1BR,1BA$750
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
The Bowie Apartments0BR/1.0BAStudio,1BA$800
Alpine Village ApartmentsStudio Apartments - 336Studio,1BA$815
Laurel Springs ApartmentsStudio Apartments with Walk-in Shower - 378Studio,1BA$850
The Reserve at MillcreekOne Bedroom A1BR,1BA$865
716 Sassafras Apartments1 Bed, 1 bath1BR,1BA$900
Bayit Edinboro2 Bedroom 2 Bath2BR,2BA$915
Cider Mill ApartmentsSpacious 1 BD 1 BA 041BR,1BA$925

Best Value Apartments for Rent in Waterford, PA and Nearby

As of January 21, 2026 the best value apartment in the Waterford area is the $1.30 price per square foot Manchester Model at CopperLeaf Erie in the starting from $1,705. The second greatest value Waterford apartment is the Brand New Townhouse Model at Lena Court starting at $1,400 with a $1.11 price per square foot in the West Suburban Erie 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.
CopperLeaf ErieManchester2BR,2BA$1.30
Lena CourtBrand New Townhouse2BR,1.5BA$1.11
Brookwood Village2 Bedroom2BR,1.5BA$1.09
Carriage Hill Erie2 Bedroom, 1.5 Bathroom2BR,1.5BA$1.27
University Gate3 Bed upgraded3BR,2BA$0.62
Glenwood Towers071BR,1BA$1.45
Lovell Place1B1B1BR,1BA$1.17
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.46
Lighthouse Apartments1 bedroom1BR,1BA$1.15
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15

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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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.

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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.

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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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Waterford, PA

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Waterford Apartments

What is the Cheapest Studio apartment in Waterford?

Currently the most affordable Cheap Studio Apartment in Waterford is at The Bowie Apartments listed at $800.

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

The lowest price for a Cheap One Bedroom Waterford Apartment is $750 at Lighthouse Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Waterford is starting from $670 at University Gate.

What is the most affordable Waterford Three Bedroom Apartment?

The best deal on a cheap Waterford Three Bedroom Apartment rental is at University Gate and starts from $630.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.