
Cheap Homes for Rent in Waterford, PA from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford.


1/2 Baldwin St

1831 W Grandview Blvd

1404 E Lake Rd

519-521 E 6th St

626 E 23rd St
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.

407 E 13th St

1022 W 30th St

38 Prospect Ave

44 E Main St

3704 E Lake Rd

614 E 22nd St
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.
Waterford, PA 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 | $1,102 | $775 | $1,400 |
| Waterford 3 Bedroom Homes for Rent | $1,484 | $800 | $2,300 |
| Waterford 4 Bedroom Homes for Rent | $2,353 | $1,450 | $4,000 |
Browse Top Homes for Rent 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Commons Apartments | One Bedroom | 1BR,1BA | $704 |
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $750 |
| The Bowie Apartments | 0BR/1.0BA | Studio,1BA | $750 |
| Northview Heights Apartments | One Bedroom | 1BR,1BA | $840 |
| Westgate Apartments | 2 Bed | 2BR,1BA | $875 |
Best Value Apartments for Rent in Waterford, PA and Nearby
As of May 08, 2026 the best value apartment in the Waterford area is the $1.05 price per square foot 3 BRs w 2 and 1/2 Baths Model at 2613 Garvey Lane in the in the West Suburban Erie neighborhood starting from $1,625. The second greatest value Waterford apartment is the 2 Bedroom Model at Brookwood Village starting at $1,360 with a $1.09 price per square foot in the South East Hills 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. |
|---|---|---|---|
| 2613 Garvey Lane | 3 BRs w 2 and 1/2 Baths | 3BR,2.5BA | $1.05 |
| Brookwood Village | 2 Bedroom | 2BR,1.5BA | $1.09 |
| Winchester Apartments & Townhomes | 2 Bedroom 1 Bath - 952 | 2BR,1BA | $1.50 |
| 401 Hillcrest Drive | 3BD/1BA | 3BR,1BA | $1.34 |
| Willow Commons Apartments | One Bedroom | 1BR,1BA | $0.78 |
| Westgate Apartments | 2 Bed | 2BR,1.5BA | $0.97 |
| Glenwood Towers | 07 | 1BR,1BA | $1.45 |
| Lovell Place | 1B1B | 1BR,1BA | $1.14 |
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.15 |
| Northview Heights Apartments | One Bedroom | 1BR,1BA | $1.38 |
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 ArticleReal 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.
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!
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Frequently Asked Questions about Waterford
What type of rentals are currently available in Waterford?
There are currently 48 Apartments for Rent in Waterford, PA with pricing that ranges from $600 to $14,000. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $650 to $4,000.
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 $4,000 with an average monthly rent of $1,312.
How much are larger Three and Four Bedroom Rentals in Waterford?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterford range from $605 to $2,295, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $600.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.