Cheap Apartments for Rent near Waterford, PA from $400 (32 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Plymouth Apartments
1 to 3 Bedroom Apartments

Plymouth Apartments

604-608 Chestnut StErie, PA 16502
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lighthouse Apartments
1 to 2 Bedroom Apartments

Lighthouse Apartments

1206 E Lake RdErie, PA 16507
  • Utilities Included

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.

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Showing Results 1-32, Page 1 of 1

Waterford, PA Local Guide

Cheapest Available Waterford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterford, PA is a 1 Bed unit found at Willow Commons Apartments in the East Suburban Erie neighborhood priced from $704. Park Row Apartments in the Frontier 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
Willow Commons Apartments1 Bedroom1BR,1BA$704
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Carleton Court Apartments0BR/1.0BAStudio,1BA$750
3535 State St1 Bed / 1 Bath1BR,1BA$750
The Bowie Apartments0BR/1.0BAStudio,1BA$750
Edinboro Townhomes and Apartments1 Bedroom1BR,1BA$800
Westgate Apartments2 Bed2BR,1BA$875
Landmark Square Apartments2BR.1BA.624SF2BR,1BA$875
716 Sassafras Apartments1 Bed, 1 bath1BR,1BA$890
Bayit Edinboro2 Bedroom 1 Bathroom2BR,1BA$900

Best Value Apartments for Rent in Waterford, PA and Nearby

As of July 24, 2026 the best value apartment in the Waterford area is the $1.38 price per square foot 2 Bedroom 1.5 Bath Townhome w/ Finished Basemen... Model at Willowood Village Apartments & Townhomes in the in the West Suburban Erie neighborhood starting from $1,795. The second greatest value Waterford apartment is the 2 Story Townhouse Model at Vineyard Village Townhome Style Apartments starting at $1,490 with a $1.43 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.
Willowood Village Apartments & Townhomes2 Bedroom 1.5 Bath Townhome w/ Finished Basemen...2BR,1.5BA$1.38
Vineyard Village Townhome Style Apartments2 Story Townhouse2BR,1.5BA$1.43
Edinboro Townhomes and Apartments2 Bed Townhome2BR,1BA$1.28
Bayit Edinboro3 Bedroom Apartment (Classic)3BR,1BA$1.06
Willow Commons Apartments1 Bedroom1BR,1BA$0.78
Westgate Apartments2 Bed2BR,1.5BA$0.97
Lovell Place1B1B1BR,1BA$1.19
3535 State St1 Bed / 1 Bath1BR,1BA$1.05
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15
Landmark Square Apartments1BR.1BA.550SF1BR,1BA$1.50

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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Waterford, PA

School data provided by Great Schools

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 Carleton Court Apartments listed at $750.

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 $875 at Landmark Square Apartments.

What is the most affordable Waterford Three Bedroom Apartment?

The best deal on a cheap Waterford Three Bedroom Apartment rental is at Bayit Edinboro and starts from $950.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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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.

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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.