
Cheap Apartments for Rent in Waterford Township, MI from $693 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford Township.


3170 Dixie Hwy

4081 Airport Rd

933 Myrtle Ave

Cedargate Apartments

Adams Lake Apartments

Rivers Edge Apartments

Colony Hill Apartments

Pine Lake Apartments
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.

Heritage Park East

Chalet Villa Lakefront Community

Woodlake Hills

Independence Square Apartments

Ashton Pines

Round Hill Apartments

34 North of Waterford

Laketree

Cherokee Hills Apartments
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.

Glengarry Park - Waterford Twp, MI

Briarwood Apartments

Crescent Manor

Bavarian Village on the Lake

Bridgewater Park

50 Myra Ave

The Crossing at Auburn Hills

Greyberry Park Apartments

Waterford Pines
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.

Total Monthly Price
Hidden Lakes Apartments

Total Monthly Price
Legends Fox Creek

Lancaster Lakes

Total Monthly Price
Greens Lake Apartments

2305 Pine Lake Ave

3188 Sashabaw Rd

Edgewood Park Apartments

Driftwood Apartments

62 Madison Ct
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.

315 Voorheis St

638 Joslyn Ave

CLARKSTON APT

Grosvenor North Townhomes

260 W Longfellow Ave

2802 Willow Ct

162 Summit View Ct

96 Oliver St

Lakeland Place
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 Township, MI Local Guide

How much does it cost to rent an apartment in Waterford Township?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford Township Studio Apartments | $820 | $693 | $1,065 |
| Waterford Township 1 Bedroom Apartments | $1,174 | $825 | $2,095 |
| Waterford Township 2 Bedroom Apartments | $1,425 | $925 | $3,190 |
| Waterford Township 3 Bedroom Apartments | $1,804 | $1,425 | $2,195 |
Browse Top Apartments in Waterford Township
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Waterford Township, MI Local Guide
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Cheapest Available Waterford Township Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterford Township, MI is a 1 Bed unit found at Colony Hill Apartments in the Waterford neighborhood priced from $850. Adams Lake Apartments in the Waterford neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here is today’s list of the most affordable Waterford Township apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colony Hill Apartments | One Bedroom | 1BR,1BA | $850 |
| Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $925 |
| Pine Lake Apartments | The Juniper | 1BR,1BA | $935 |
| Chalet Villa Lakefront Community | 1/1 Premium | 1BR,1BA | $950 |
| Edgewood Park Apartments | $499 Move-In Special · 1 Bed / 1 Bath Apartment... | 1BR,1BA | $950 |
| Laketree | 1 Bed 1 Bath | 1BR,1BA | $1,020 |
| 34 North of Waterford | The Lotus- Base | 1BR,1BA | $1,024 |
| Ashton Pines | Douglas | 2BR,1BA | $1,024 |
| Cherokee Hills Apartments | Cedar | 1BR,1BA | $1,075 |
| Glengarry Park - Waterford Twp, MI | The Cresent | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Waterford Township, MI and Nearby
As of September 08, 2026 the best value apartment in the Waterford Township area is the $1.43 price per square foot Boise (Townhome) Model at Briarwood Apartments in the in the Waterford neighborhood starting from $1,799. The second greatest value Waterford Township apartment is the $499 Move-In Special · 3 Bed / 1 Bath Townhome ... Model at Grosvenor North Townhomes starting at $1,500 with a $1.43 price per square foot in the North Side neighborhood. Here is today’s list of the best values for Waterford Township apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Briarwood Apartments | Boise (Townhome) | 2BR,1.5BA | $1.43 |
| Grosvenor North Townhomes | $499 Move-In Special · 3 Bed / 1 Bath Townhome ... | 3BR,1BA | $1.43 |
| Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.95 |
| The Crossing at Auburn Hills | 2 Bed 2 Bath | 2BR,2BA | $1.24 |
| Crescent Manor | Deluxe 2 Bedroom | 2BR,1BA | $1.25 |
| Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $1.01 |
| Pine Lake Apartments | The Spruce | 2BR,1BA | $1.24 |
| Ashton Pines | Frasier | 2BR,1BA | $1.35 |
| Cherokee Hills Apartments | Cedar | 1BR,1BA | $1.34 |
| Laketree | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterford Township, MI Rentals by Map
See the most popular apartments and homes in Waterford Township, MI
Frequently Asked Questions about Cheap Waterford Township Apartments
How much is rent for a Cheap One Bedroom Waterford Township Apartment?
The lowest price for a Cheap One Bedroom Waterford Township Apartment is $850 at Colony Hill Apartments.
What is the lowest price for a Cheap Two Bedroom Waterford Township Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterford Township is starting from $925 at Adams Lake Apartments.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.