
Cheap Apartments for Rent in Waterford, PA from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


Landmark Square Apartments

Park Row Apartments

Lighthouse Apartments

Laurel Springs Apartments

The Bowie Apartments

Total Monthly Price
The Reserve at Millcreek
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.

Westgate Apartments

716 Sassafras Apartments

Willow Commons Apartments

Plymouth Apartments

Maple Lane Apartments

112 E Plum St
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.
Waterford, PA Local Guide

How much does it cost to rent an apartment in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford Studio Apartments | $946 | $715 | $1,055 |
| Waterford 1 Bedroom Apartments | $1,076 | $715 | $1,871 |
| Waterford 2 Bedroom Apartments | $1,422 | $670 | $3,270 |
| Waterford 3 Bedroom Apartments | $1,215 | $560 | $2,365 |
| Waterford 4 Bedroom Apartments | $914 | $555 | $1,055 |
Browse Top Apartments in Waterford
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Waterford, PA Local Guide
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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. Willow Commons Apartments in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $704. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Gate | 4 Bed Upgraded | 4BR,2BA | $620 |
| Willow Commons Apartments | One Bedroom | 1BR,1BA | $704 |
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $750 |
| Lighthouse Apartments | 1 bedroom | 1BR,1BA | $750 |
| Laurel Springs Apartments | Studio Apartments with Walk-in Shower - 378 | Studio,1BA | $795 |
Best Value Apartments for Rent in Waterford, PA and Nearby
As of March 09, 2026 the best value apartment in the Waterford area is the $0.77 price per square foot The Nittany Model at Hudson Lofts in the starting from $1,055. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hudson Lofts | The Nittany | 4BR,4BA | $0.77 |
| Lena Court | Brand New Townhouse | 2BR,1.5BA | $1.11 |
| University Gate | 3 Bed upgraded | 3BR,2BA | $0.62 |
| Westgate Apartments | 2 Bed | 2BR,1.5BA | $0.97 |
| Willow Commons Apartments | One Bedroom | 1BR,1BA | $0.78 |
| Bayit Edinboro | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.00 |
| Lovell Place | 1B1B | 1BR,1BA | $1.14 |
| Modern Tool Square | 1BR/1.0BA | 1BR,1BA | $1.36 |
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.15 |
| Lighthouse Apartments | 1 bedroom | 1BR,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.
Read ArticleThe 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.
Best Local Schools in Waterford, PA
Fort Leboeuf Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterford, PA Rentals by Map
See the most popular apartments and homes in Waterford, PA
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 Laurel Springs Apartments listed at $795.
How much is rent for a Cheap One Bedroom Waterford Apartment?
The lowest price for a Cheap One Bedroom Waterford Apartment is $704 at Willow Commons 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

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.

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.

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.

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.
