Cheap Apartments for Rent in Waterford, WI from $400 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Waterford.

close
View Me
300 E Spring St
Studio to 2 Bedroom Apartments

300 E Spring St

300 E Spring StWaterford, WI 53185
  • Utilities Included
close
View Me
2550 Hidden Cir
2 Bedroom Apartments

2550 Hidden Cir

2550 Hidden CirWaterford, WI 53185
  • Utilities Included

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.

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.

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.

close
View Me
S85W18632-46 Jean Dr
2 Bedroom Apartments

S85W18632-46 Jean Dr

S85W18632-46 Jean DrMuskego, WI 53150
  • Utilities Included

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.

Waterford, WI Local Guide

Cheapest Available Waterford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterford, WI is a 1 Bed unit found at River Park Place Apartments in the Orchards of Mukwonago neighborhood priced from $1,162. Mission Hills in the Fountainwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,220. Here is today’s list of the most affordable Waterford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Park Place Apartments1 BD / 1 BA Upper1BR,1BA$1,162
Mission Hills1bx1b1BR,1BA$1,220
Whitnall Park Apartments1ML-1 (WP1ML-1)1BR,1BA$1,230
Honey Creek ApartmentsBayview1BR,1BA$1,290
Wildwood ApartmentsArlington1BR,1BA$1,295
Foresthill Highlands Apartments & Townhomes 55+A1 - 1 Bedroom, 1 Bath1BR,1BA$1,317
The Granary Townhomes1A-LG1BR,1BA$1,433
Wyndridge Nominee ApartmentsPhase 1 - 1 BD / 1 BA Lower1BR,1BA$1,487
Forest Ridge Senior CommunityFounders - 2 Bed, 2 Bath2BR,2BA$1,499
The Oaks of Canopy HillScarlett 1A1BR,1BA$1,525

Best Value Apartments for Rent in Waterford, WI and Nearby

As of August 08, 2026 the best value apartment in the Waterford area is the $1.74 price per square foot 2392-H Model at Will Rose Apartments LLC in the in the Fountainwood neighborhood starting from $2,595. The second greatest value Waterford apartment is the 2BR Upper Model at Muskego Condo Style Apartments +55 Community starting at $1,595 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Will Rose Apartments LLC2392-H2BR,2BA$1.74
Muskego Condo Style Apartments +55 Community2BR Upper2BR,1BA$1.36
The Pointe Apartments2BR/2BA - D12BR,2BA$1.62
Wildwood ApartmentsArlington1BR,1BA$1.39
Wyndridge Nominee ApartmentsPhase 1 - 1 BD / 1 BA Lower1BR,1BA$1.67
Honey Creek ApartmentsBayview Signature1BR,1BA$1.58
The Granary Townhomes1A-LG1BR,1BA$1.73
Mission Hills1bx1b1BR,1BA$1.56
River Park Place Apartments1 BD / 1 BA Upper1BR,1BA$1.51
Whitnall Park Apartments1ML-1 (WP1ML-1)1BR,1BA$1.72

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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Waterford, WI Rentals by Map

View Map
Waterford, WI Apartments Map
View Map
Waterford, WI Rental Homes Map

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 $1,162 at River Park Place Apartments.

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 $1,397 at Foresthill Highlands Apartments & Townhomes 55+.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.