
Cheap Apartments for Rent in Waterford, WI from $532 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


THE CORNERSTONE APARTMENT HOMES

CORNERSTONE COURT APARTMENT HOMES

300 E Spring St

2550 Hidden Cir

Trail View Village Apartments

WOODVIEW SENIOR

Sacred Heart at Monastery Lake
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.

Fox Crossing II

River Park Place Apartments

Mission Hills

The Boardwalk

West Ridge Luxury Apartments

Total Monthly Price
Honey Creek Apartments

Wildwood Apartments

Bear Arbor Apartments
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.

Fairway Meadows Associates LLP

Willow Glen Apartments

Forest Ridge Senior Community

The Granary Townhomes

The Pointe Apartments

Wyndridge Nominee Apartments

The Oaks of Canopy Hill

Clearwater Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Whitnall Park Apartments

Parkside Apartments

Muskego Condo Style Apartments +55 Community

The Highlands of New Berlin

Manchester Oaks

Total Monthly Price
Velo Village Apartments

PHANTOM WOODS ESTATES

The View at Towne Center
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.

The Residences at Dunham Grove

8008 W Becher St

S85W18632-46 Jean Dr

9129 W National Ave

19900 128th St

2887 S 128th St

5594 Butternut Ct

8301 Park St
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.

814 Beechwood Ave
Waterford, WI Local Guide

How much does it cost to rent an apartment in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford Studio Apartments | $1,250 | $1,220 | $1,280 |
| Waterford 1 Bedroom Apartments | $1,553 | $532 | $2,982 |
| Waterford 2 Bedroom Apartments | $1,769 | $1,053 | $2,949 |
| Waterford 3 Bedroom Apartments | $2,480 | $1,705 | $3,528 |
Browse Top Apartments in Waterford
See all Apartments in WaterfordExplore Waterford
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 1 Bed unit found at Mission Hills in the Fountainwood neighborhood priced from $1,195. The Boardwalk in the West Racine County Burlington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,220. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mission Hills | 1bx1b | 1BR, 1BA | $1,195 |
| The Boardwalk | Seashell | Studio, 1BA | $1,220 |
| Honey Creek Apartments | Bayview | 1BR, 1BA | $1,290 |
| Willow Glen Apartments | 2 Bed/1 Bath | 2BR, 1BA | $1,400 |
| Wildwood Apartments | Scottsdale | 2BR, 1BA | $1,465 |
| The Pointe Apartments | 1BR/1BA - B3 | 1BR, 1BA | $1,475 |
| The Oaks of Canopy Hill | Cypress 1B | 1BR, 1BA | $1,495 |
| Clearwater Apartments | 1 Bed - Lower | 1BR, 1BA | $1,550 |
| Wyndridge Nominee Apartments | Phase 1 - 1 BD / 1 BA Upper | 1BR, 1BA | $1,551 |
| Whitnall Park Apartments | 2AU-1 (WP2AU-1) | 2BR, 1BA | $1,570 |
Best Value Apartments for Rent in Waterford, WI and Nearby
As of September 22, 2026 the best value apartment in the Waterford area is the $1.60 price per square foot Elder Model at Manchester Oaks in the Fountainwood neighborhood starting from $2,295. The second greatest value Waterford apartment is the 2 BD / 2 BA UPPER Model at Woodfield Rental Residences in the West Racine County Burlington neighborhood starting at $1,818 with a $1.48 price per square foot. 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. |
|---|---|---|---|
| Manchester Oaks | Elder | 3BR, 2BA | $1.60 |
| Woodfield Rental Residences | 2 BD / 2 BA UPPER | 2BR, 2BA | $1.48 |
| Muskego Condo Style Apartments +55 Community | 2BR Upper | 2BR, 1BA | $1.36 |
| Wildwood Apartments | Scottsdale | 2BR, 1BA | $1.34 |
| Whitnall Park Apartments | 2KM-1 (WP2KM-1) | 2BR, 1.5BA | $1.66 |
| Parkside Apartments | Phase 3 - 2 Bed + Den, 1 Bath Upper | 2BR, 1BA | $1.55 |
| Wyndridge Nominee Apartments | Phase 1 - 1 BD / 1 BA Upper | 1BR, 1BA | $1.61 |
| Willow Glen Apartments | 2 Bed/1 Bath | 2BR, 1BA | $1.56 |
| Honey Creek Apartments | Bayview Signature | 1BR, 1BA | $1.58 |
| Mission Hills | 1bx1b | 1BR, 1BA | $1.53 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Fox River Middle School
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 $1,195 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 $1,400 at Willow Glen Apartments.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.