
Cheap Apartments for Rent in Waterford, WI from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


2550 Hidden Cir

Woodfield Rental Residences

Fox Crossing II

WOODVIEW SENIOR

2395 S 92nd 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.

Sacred Heart at Monastery Lake

River Park Place Apartments

Whitnall Park Apartments

Mission Hills

Total Monthly Price
Honey Creek Apartments

Wildwood 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

Foresthill Highlands Apartments & Townhomes 55+

Forest Ridge Senior Community

Willow Glen Apartments

Bear Arbor Apartments

The Granary Townhomes
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.

Wyndridge Nominee Apartments

Clearwater Apartments

S85W18632-46 Jean Dr

9129 W National Ave

2238 S 82nd St

817 Arcadian Ave
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.

19900 128th St

9309 Florence Dr
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 | $1,595 | $1,595 | $1,595 |
| Waterford 1 Bedroom Apartments | $1,565 | $489 | $2,880 |
| Waterford 2 Bedroom Apartments | $1,831 | $1,053 | $2,897 |
| Waterford 3 Bedroom Apartments | $2,225 | $1,215 | $3,704 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| River Park Place Apartments | 1 BD / 1 BA Upper | 1BR,1BA | $1,162 |
| Mission Hills | 1bx1b | 1BR,1BA | $1,220 |
| Whitnall Park Apartments | 1ML-1 (WP1ML-1) | 1BR,1BA | $1,230 |
| Honey Creek Apartments | Bayview | 1BR,1BA | $1,290 |
| Wildwood Apartments | Arlington | 1BR,1BA | $1,295 |
| Foresthill Highlands Apartments & Townhomes 55+ | A1 - 1 Bedroom, 1 Bath | 1BR,1BA | $1,317 |
| The Granary Townhomes | 1A-LG | 1BR,1BA | $1,433 |
| Wyndridge Nominee Apartments | Phase 1 - 1 BD / 1 BA Lower | 1BR,1BA | $1,487 |
| Forest Ridge Senior Community | Founders - 2 Bed, 2 Bath | 2BR,2BA | $1,499 |
| The Oaks of Canopy Hill | Scarlett 1A | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Will Rose Apartments LLC | 2392-H | 2BR,2BA | $1.74 |
| Muskego Condo Style Apartments +55 Community | 2BR Upper | 2BR,1BA | $1.36 |
| The Pointe Apartments | 2BR/2BA - D1 | 2BR,2BA | $1.62 |
| Wildwood Apartments | Arlington | 1BR,1BA | $1.39 |
| Wyndridge Nominee Apartments | Phase 1 - 1 BD / 1 BA Lower | 1BR,1BA | $1.67 |
| Honey Creek Apartments | Bayview Signature | 1BR,1BA | $1.58 |
| The Granary Townhomes | 1A-LG | 1BR,1BA | $1.73 |
| Mission Hills | 1bx1b | 1BR,1BA | $1.56 |
| River Park Place Apartments | 1 BD / 1 BA Upper | 1BR,1BA | $1.51 |
| Whitnall Park Apartments | 1ML-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 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 $1,162 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

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.

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.

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.