
Cheap Apartments for Rent in Waterford, WI from $400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


2550 Hidden Cir

Woodfield Rental Residences

Fox Crossing II

WOODVIEW SENIOR

Sacred Heart at Monastery Lake

River Park Place Apartments

Bear Arbor Apartments
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.

Mission Hills

Whitnall Park Apartments

Forest Ridge Senior Community

Total Monthly Price
Honey Creek Apartments

Wildwood Apartments

Fairway Meadows Associates LLP

The Boardwalk

Parkside Apartments
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.

Willow Glen Apartments

Foresthill Highlands Apartments & Townhomes 55+

Clearwater Apartments

The Pointe Apartments

The Granary Townhomes

Muskego Condo Style Apartments +55 Community

5310 Beloit Rd

6521 Beloit Rd
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.

6406 W Lincoln Ave

S85W18632-46 Jean Dr

9129 W National Ave

6875 Kathleen Ct

441 Linden Ln

3904 S Sunset Dr

3904 Sunset Square

19900 128th St
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.
Waterford, WI Local Guide

How much does it cost to rent an apartment in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford 1 Bedroom Apartments | $1,565 | $464 | $2,876 |
| Waterford 2 Bedroom Apartments | $1,811 | $998 | $3,553 |
| Waterford 3 Bedroom Apartments | $2,050 | $1,152 | $3,692 |
Browse Top Apartments in Waterford
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Waterford, WI Local Guide
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Cheapest Available Waterford Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterford, WI is a 2 Beds unit found at WOODVIEW SENIOR in the Meadow Green neighborhood priced from $1,180. Mission Hills in the Fountainwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,221. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| WOODVIEW SENIOR | 2 Bedrooms 1 Bathroom | 2BR,1BA | $1,180 |
| Mission Hills | 1bx1b | 1BR,1BA | $1,221 |
| River Park Place Apartments | 2 BD / 1 BA Lower | 2BR,1BA | $1,238 |
| Forest Ridge Senior Community | Founders - 1 Bed, 1 Bath | 1BR,1BA | $1,268 |
| Honey Creek Apartments | Bayview | 1BR,1BA | $1,290 |
| Parkside Apartments | Phase 1 - 2 Bed, 1 Bath Garden (D) | 2BR,1BA | $1,347 |
| Willow Glen Apartments | 2 Bed/1 Bath Upper | 2BR,1BA | $1,350 |
| Whitnall Park Apartments | 1OM-1 (WP1OM-1) | 1BR,1BA | $1,390 |
| Clearwater Apartments | 1 Bed | 1BR,1BA | $1,425 |
| Muskego Condo Style Apartments +55 Community | 2BR Upper | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in Waterford, WI and Nearby
As of May 08, 2026 the best value apartment in the Waterford area is the $1.39 price per square foot 2A-UG Model at The Granary Townhomes in the starting from $1,822. The second greatest value Waterford apartment is the 2BR Upper Model at Muskego Condo Style Apartments +55 Community starting at $1,795 with a $1.44 price per square foot in the Fountainwood neighborhood. Here is today’s list of the best values for Waterford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Granary Townhomes | 2A-UG | 2BR,2BA | $1.39 |
| Muskego Condo Style Apartments +55 Community | 2BR Upper | 2BR,2BA | $1.44 |
| WOODVIEW SENIOR | 2 Bedrooms 1 Bathroom | 2BR,1BA | $1.05 |
| The Pointe Apartments | 2BR/2BA - D-AA | 2BR,2BA | $1.60 |
| Willow Glen Apartments | 2 Bed/1 Bath Upper | 2BR,1BA | $1.50 |
| Clearwater Apartments | 1 Bed | 1BR,1BA | $1.63 |
| Honey Creek Apartments | Bayview Signature | 1BR,1BA | $1.58 |
| River Park Place Apartments | 2 BD / 1 BA Lower | 2BR,1BA | $1.51 |
| Parkside Apartments | Phase 1 - 2 Bed, 1 Bath Garden (D) | 2BR,1BA | $1.67 |
| Mission Hills | 1bx1b | 1BR,1BA | $1.57 |
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.
Best Local Schools in Waterford, WI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterford, WI Rentals by Map
See the most popular apartments and homes in Waterford, WI
Frequently Asked Questions about Cheap Waterford Apartments
How much is rent for a Cheap One Bedroom Waterford Apartment?
The lowest price for a Cheap One Bedroom Waterford Apartment is $1,221 at Mission Hills.
What is the lowest price for a Cheap Two Bedroom Waterford Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterford is starting from $1,180 at WOODVIEW SENIOR.
What is the most affordable Waterford Three Bedroom Apartment?
The best deal on a cheap Waterford Three Bedroom Apartment rental is at Honey Creek Apartments and starts from $1,705.
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

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.

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.

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.

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.