
Cheap Homes for Rent in Waterford Township, MI from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Waterford Township.


54 E Princeton Ave

62 Madison Ct

866 Amanda Ln

85 E Beverly Ave

104 Henderson 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.

136 S River Dr

271 Dick Ave

672 Linda Vista Dr

188 Vernon Dr

1407 Laurel Valley Dr

655 Lewa Downs Dr
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.

3079 Grove St
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 | $1,541 | $950 | $2,400 |
| Waterford Township 3 Bedroom Homes for Rent | $2,369 | $1,250 | $5,500 |
| Waterford Township 4 Bedroom Homes for Rent | $3,093 | $2,000 | $3,900 |
| Waterford Township 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent in Waterford Township
Explore Waterford Township
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 Adams Lake Apartments in the Waterford neighborhood priced from $750. Colony Hill Apartments in the Waterford 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Adams Lake Apartments | 1 Bedroom Apartment | 1BR,1BA | $750 |
| Colony Hill Apartments | One Bedroom | 1BR,1BA | $850 |
| Rivers Edge Apartments | Primrose | 1BR,1BA | $891 |
| Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $895 |
| Ashton Pines | Frasier | 2BR,1BA | $949 |
Best Value Apartments for Rent in Waterford Township, MI and Nearby
As of July 12, 2026 the best value apartment in the Waterford Township area is the $1.26 price per square foot 2B15B5 Model at Elizabeth Lake Estates in the in the Waterford neighborhood starting from $1,405. The second greatest value Waterford Township apartment is the B2 Model at 34 North of Waterford starting at $1,174 with a $1.12 price per square foot in the Waterford 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 | $1.26 |
| 34 North of Waterford | B2 | 2BR,1BA | $1.12 |
| Independence Square Apartments | 21B- 2 Bed 1 Bath | 2BR,1BA | $1.09 |
| Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.95 |
| The Crossing at Auburn Hills | 2 Bed 2 Bath | 2BR,2BA | $1.24 |
| Ashton Pines | Spruce | 2BR,1BA | $1.31 |
| Crescent Manor | Deluxe 2 Bedroom | 2BR,1BA | $1.25 |
| Heritage Park East | 2 Bedroom Apartment Premium | 2BR,1BA | $1.26 |
| Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $0.92 |
| Woodlake Hills | 2 Bed 1 Bath | 2BR,1BA | $1.18 |
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.
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 Waterford Township
What type of rentals are currently available in Waterford Township?
There are currently 40 Apartments for Rent in Waterford Township, MI with pricing that ranges from $693 to $3,190. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford Township ranging from $950 to $5,500.
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 $950 to $5,500 with an average monthly rent of $2,373.
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

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.

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.