Cheap Apartments for Rent in Waterloo, AL from $300 (47 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
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Carnation Village
1 to 2 Bedroom Apartments

Carnation Village

514 Carnation StTupelo, MS 38801
Senior Living
  • Utilities Included

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.

Read Article
property at 510 E High St

$600 - $750

1 To 2 Bedroom Rentals

Available Now

510 E High St

FlorenceAL35630
close
View Me
Oliver Crossing
2 to 3 Bedroom Apartments

Oliver Crossing

105 Beech StLinden, TN 37096
  • Utilities Included

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.

Read Article
close
View Me
North Village
2 Bedroom Apartments

North Village

114 Pearl StFlorence, AL 35633
property at 575 Payne Creek

$999

3 Bedroom, 2 Bath Home for Rent

Available Now

575 Payne Creek

RussellvilleAL35654

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.

Read Article
Showing Results 1-47, Page 1 of 1

Waterloo, AL Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, AL is a 2 Beds unit found at Greenleaf Apartments priced from $517. Shadybrook Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $612. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenleaf Apartments2 Beds, 1 bath2BR,1BA$517
Shadybrook ApartmentsTwo-Bedoom2BR,1BA$612
Quail Run1 Bed, 1 bath1BR,1BA$630
West Tennessee Street1BR/1.0BA1BR,1BA$650
Cypress Ridge1 Bedroom 1 Bathroom1BR,1BA$675
Ivy Pointe Apartments2 Bedroom2BR,1BA$709
Heathrow PlaceOne bedroom residence1BR,1BA$725
Purdy Place Apartments1 BDR/1 Bath1BR,1BA$725
Stonebrook Village1 Bedroom 1 Bathroom1BR,1BA$750
Monarch Creek1 Bedroom 1 Bathroom - A11BR,1BA$761

Best Value Apartments for Rent in Waterloo, AL and Nearby

As of June 14, 2026 the best value apartment in the Waterloo area is the $0.79 price per square foot 2BR/2.0BA Model at 2/2 Apartment - Killen, AL in the starting from $1,000. The second greatest value Waterloo apartment is the Village Parc Model at Village Parc Apartments starting at $1,050 with a $0.88 price per square foot in the Downtown Florence neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2/2 Apartment - Killen, AL2BR/2.0BA2BR,2BA$0.79
Village Parc ApartmentsVillage Parc2BR,2.5BA$0.88
Starhill Apartments2BR/2.0BA2BR,2BA$0.83
Creekside Apartments2 Bedroom 2 Bath - 487972BR,2BA$0.94
Walden Crest2 Bedroom2BR,2BA$0.87
Brentwood2BR/2.0BA2BR,2BA$0.92
Shadybrook ApartmentsTwo-Bedoom2BR,1BA$0.63
Ivy Pointe Apartments2 Bedroom2BR,1BA$0.75
The Woodlands Apartment Homes, LLCB12BR,1BA$0.87
Greenleaf Apartments2 Beds, 1 bath2BR,1BA$0.73

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 Waterloo, AL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Waterloo, AL

View Map
Waterloo, AL Apartments Map
View Map
Waterloo, AL Rental Homes Map

Frequently Asked Questions about Cheap Waterloo Apartments

How much is rent for a Cheap One Bedroom Waterloo Apartment?

The lowest price for a Cheap One Bedroom Waterloo Apartment is $630 at Quail Run.

What is the lowest price for a Cheap Two Bedroom Waterloo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterloo is starting from $517 at Greenleaf Apartments.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Ivy Pointe Apartments and starts from $749.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.