Cheap Apartments for Rent in Waterford Township, MI from $600 (50 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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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

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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Driftwood Apartments
1 to 2 Bedroom Apartments

Driftwood Apartments

3058 Dixie HwyWaterford, MI 48328
Corporate Housing
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Lakeland Place
1 to 2 Bedroom Apartments

Lakeland Place

2700 Elizabeth Lake RdWaterford, MI 48328
Senior Living
  • Utilities Included
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CLARKSTON APT
1 to 2 Bedroom Apartments

CLARKSTON APT

6800 LingorClarkston, MI 48346

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, 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 $800. 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$800
Ashton PinesAustrian1BR,1BA$849
Pine Lake ApartmentsThe Juniper1BR,1BA$895
Heritage Park East1 Bedroom Apartment1BR,1BA$899
Rivers Edge ApartmentsLunariaStudio,1BA$902
Waterford Square1 Bedroom, 1 Bath Apartment1BR,1BA$924
Greyberry Park Apartments1 Bedroom 1 Bath1BR,1BA$946
Edgewood Park Apartments1 Bedroom, 1 Bathroom1BR,1BA$950
Woodlake Hills1Bed1Bath1BR,1BA$955

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

As of April 16, 2026 the best value apartment in the Waterford Township area is the $0.90 price per square foot Two Bedroom Model at Colony Hill Apartments in the in the Forestbrook neighborhood starting from $900. The second greatest value Waterford Township apartment is the 2 Bed 2 Bath Model at The Crossing at Auburn Hills starting at $1,225 with a $1.24 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
The Crossing at Auburn Hills2 Bed 2 Bath2BR,2BA$1.24
Laketree2 Bed 1 Bath2BR,1BA$1.30
Waterford Pines2 bed 2 bath2BR,2BA$1.31
Crescent ManorDeluxe 2 Bedroom2BR,1BA$1.25
Adams Lake Apartments2 Bedroom Apartment2BR,1BA$0.92
Woodlake Hills2Bed1Bath2BR,1BA$1.18
Heritage Park East1 Bedroom Apartment Premium1BR,1BA$1.14
Ashton PinesFrasier2BR,1BA$1.29
Pine Lake ApartmentsThe Juniper1BR,1BA$1.15

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterford Township, MI Rentals by Map

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See the most popular apartments and homes in Waterford Township, MI

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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.

What is the most affordable Waterford Township Three Bedroom Apartment?

The best deal on a cheap Waterford Township Three Bedroom Apartment rental is at Auburn Gate Apartments and starts from $2,130.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.