
Cheap Homes for Rent near Waterford Township, MI from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford Township.


78 E Fairmount Ave

54 E Princeton Ave

62 Madison Ct

638 Joslyn Ave

57 Joy St
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.

2802 Willow Ct

5015 Sashabaw Rd

260 W Longfellow Ave

162 Summit View Ct

96 Oliver St

655 Lewa Downs Dr
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.

271 Dick Ave
Waterford Township, MI Local Guide

How much does it cost to rent a home in Waterford Township?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford Township 2 Bedroom Homes for Rent | $1,600 | $895 | $2,600 |
| Waterford Township 3 Bedroom Homes for Rent | $2,299 | $1,295 | $5,200 |
| Waterford Township 4 Bedroom Homes for Rent | $2,731 | $2,000 | $3,195 |
| Waterford Township 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent 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 $850. 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 | $850 |
| Edgewood Park Apartments | $499 Move-In Special · 1 Bed / 1 Bath Apartment... | 1BR,1BA | $950 |
| Chalet Villa Lakefront Community | 1/1 Premium | 1BR,1BA | $950 |
| Cherokee Hills Apartments | Cedar | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Waterford Township, MI and Nearby
As of August 26, 2026 the best value apartment in the Waterford Township area is the $1.31 price per square foot 2B15B5 Model at Elizabeth Lake Estates in the in the Waterford neighborhood starting from $1,460. 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. |
|---|---|---|---|
| Elizabeth Lake Estates | 2B15B5 | 2BR,1.5BA | $1.31 |
| 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 |
| Greyberry Park Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.29 |
| Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $0.92 |
| Ashton Pines | Douglas | 2BR,1BA | $1.22 |
| Heritage Park East | Sterling Premium | 1BR,1BA | $1.34 |
| Cherokee Hills Apartments | Cedar | 1BR,1BA | $1.34 |
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waterford Township
What type of rentals are currently available in Waterford Township?
There are currently 41 Apartments for Rent in Waterford Township, MI with pricing that ranges from $693 to $3,190. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford Township ranging from $800 to $5,200.
What is the current price range for Rental Homes in Waterford Township?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterford Township ranges from $800 to $5,200 with an average monthly rent of $2,118.
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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.