Cheap Apartments for Rent in Waterford Township, MI from $600 (44 Rentals)

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

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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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.

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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.

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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.

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3188 Sashabaw Rd
1 Bedroom Apartments

3188 Sashabaw Rd

3188 Sashabaw RdWaterford, MI 48329
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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

3058 Dixie HwyWaterford, MI 48328
Corporate Housing
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CLARKSTON APT
1 to 2 Bedroom Apartments

CLARKSTON APT

6800 LingorClarkston, MI 48346

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Lakeland Place
1 to 2 Bedroom Apartments

Lakeland Place

2700 Elizabeth Lake RdWaterford, MI 48328
Senior Living
  • Utilities Included
Showing Results 1-44, Page 1 of 1

Waterford Township, MI Local Guide

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 Adams Lake Apartments in the Forestbrook neighborhood priced from $750. Colony Hill Apartments in the Forestbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Waterford Township apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Adams Lake Apartments1 Bedroom Apartment1BR,1BA$750
Colony Hill ApartmentsOne Bedroom1BR,1BA$850
Rivers Edge ApartmentsLunariaStudio,1BA$872
Pine Lake ApartmentsThe Juniper1BR,1BA$895
Heritage Park East1 Bedroom Apartment1BR,1BA$899
Edgewood Park Apartments1 Bedroom, 1 Bathroom1BR,1BA$950
Woodlake Hills1Bed1Bath1BR,1BA$955
Round Hill ApartmentsThe Arlington1BR,1BA$979
Ashton PinesDouglas2BR,1BA$1,049
Chalet Villa Lakefront Community2B/1.5B2BR,1BA$1,060

Best Value Apartments for Rent in Waterford Township, MI and Nearby

As of May 31, 2026 the best value apartment in the Waterford Township area is the $1.33 price per square foot Cambridge Model at Lancaster Lakes in the starting from $1,525. The second greatest value Waterford Township apartment is the Two Bedroom Model at Colony Hill Apartments starting at $950 with a $0.95 price per square foot in the Forestbrook neighborhood. Here is today’s list of the best values for Waterford Township apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lancaster LakesCambridge2BR,2BA$1.33
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.95
Ashton PinesSpruce2BR,1BA$1.21
Crescent ManorDeluxe 2 Bedroom2BR,1BA$1.25
Greens Lake ApartmentsThe Oakmont1BR,1BA$1.28
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$0.92
Woodlake Hills2Bed1Bath2BR,1BA$1.18
Elizabeth Lake Estates1B1B81BR,1BA$1.28
Heritage Park East1 Bedroom Apartment1BR,1BA$1.06
Pine Lake ApartmentsThe Juniper1BR,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.

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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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Remember the 3 Rules of Real Estate:
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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 $750 at Adams Lake 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 $850 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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.