
Cheap Homes for Rent in Waterford, PA from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford.


626 E 23rd St

4065 W Ridge Rd

2402 East Ave

440 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.

2120 Parade St

407 E 13th St

1682 W 14th St

44 E Main St

703 Highland Ave
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.

3704 E Lake Rd

1248 E 22nd St

31 Rena Dr

23 Mindi Ct

1106 E Lake Rd
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.

1114 E 25th St
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 | $1,082 | $800 | $1,450 |
| Waterford 3 Bedroom Homes for Rent | $1,436 | $800 | $2,900 |
| Waterford 4 Bedroom Homes for Rent | $1,840 | $1,150 | $3,000 |
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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 Park Row Apartments in the Frontier neighborhood priced from $750. The Bowie Apartments in the Frontier neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $750 |
| The Bowie Apartments | 0BR/1.0BA | Studio,1BA | $775 |
| Westgate Apartments | 2 Bed | 2BR,1BA | $875 |
| 716 Sassafras Apartments | 1 Bed, 1 bath | 1BR,1BA | $890 |
| Bayit Edinboro | 2 Bedroom 1 Bathroom | 2BR,1BA | $900 |
Best Value Apartments for Rent in Waterford, PA and Nearby
As of June 23, 2026 the best value apartment in the Waterford area is the $1.11 price per square foot Brand New Townhouse Model at Lena Court in the in the West Suburban Erie neighborhood starting from $1,400. The second greatest value Waterford apartment is the 2 Bedroom 2 Bath Ranch - 1140 Model at Idyllbrook Village starting at $2,680 with a $2.35 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. |
|---|---|---|---|
| Lena Court | Brand New Townhouse | 2BR,1.5BA | $1.11 |
| Idyllbrook Village | 2 Bedroom 2 Bath Ranch - 1140 | 2BR,2BA | $2.35 |
| Lovell Place | 2B1B | 2BR,1BA | $1.06 |
| Vineyard Village Townhome Style Apartments | 2 Story Townhouse | 2BR,1.5BA | $1.43 |
| Westgate Apartments | 2 Bed | 2BR,1.5BA | $0.97 |
| Park Row Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.15 |
| Northview Heights Apartments | One Bedroom | 1BR,1BA | $1.51 |
| Cider Mill Apartments | Renovated 1 BD 1 BA 09 | 1BR,1BA | $1.77 |
| The Reserve at Millcreek | One Bedroom A | 1BR,1BA | $1.63 |
| The Bowie Apartments | 0BR/1.0BA | Studio ,1BA | $2.42 |
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 46 Apartments for Rent in Waterford, PA with pricing that ranges from $600 to $2,680. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $700 to $6,950.
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 $6,950 with an average monthly rent of $1,876.
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 $2,900. Four Bedroom Single-Family rentals are also available starting from $1,150 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

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.