Cheap Homes for Rent near Waterford, WI from $1,100 (5 Rentals)

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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.

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.

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 $1,135. Whitnall Park Apartments in the Fountainwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. 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 Lower1BR,1BA$1,135
Whitnall Park Apartments1ML-1 (WP1ML-1)1BR,1BA$1,230
Mission Hills1bx1b1BR,1BA$1,265

Best Value Apartments for Rent in Waterford, WI and Nearby

As of July 11, 2026 the best value apartment in the Waterford area is the $1.53 price per square foot Phase 2 - 2 Bed, 1 Bath + Den, Park Loft Upper Model at Parkside Apartments in the in the Fountainwood neighborhood starting from $2,044. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside ApartmentsPhase 2 - 2 Bed, 1 Bath + Den, Park Loft Upper2BR,1BA$1.53
Muskego Condo Style Apartments +55 Community2BR Upper2BR,2BA$1.44
The View at Towne Center1 Bedroom Plus Den1BR,1.5BA$1.69
Manchester OaksCypress2BR,2BA$1.68
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
Mission Hills1bx1b1BR,1BA$1.62
River Park Place Apartments1 BD / 1 BA Lower1BR,1BA$1.69

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.

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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.

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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.

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

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Frequently Asked Questions about Waterford

What type of rentals are currently available in Waterford?

There are currently 66 Apartments for Rent in Waterford, WI with pricing that ranges from $489 to $3,710. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $1,150 to $16,000.

What is the current price range for Rental Homes in Waterford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterford ranges from $1,150 to $16,000 with an average monthly rent of $6,283.

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

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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.

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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.

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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.

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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.