Cheap Apartments for Rent in Waterloo, AL from $300 (22 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Carnation Village
1 to 2 Bedroom Apartments

Carnation Village

514 Carnation StTupelo, MS 38801
Senior Living
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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. West Tennessee Street in the Downtown Florence neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $600. 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
West Tennessee Street0BR/1.0BAStudio,1BA$600
Shadybrook ApartmentsTwo-Bedoom2BR,1BA$612
Oliver CrossingTwo Bedroom2BR,1BA$684
Ivy Pointe Apartments2 Bedroom2BR,1BA$709

Best Value Apartments for Rent in Waterloo, AL and Nearby

As of June 09, 2025 the best value apartment in the Waterloo area is the $0.71 price per square foot 2BR/2.0BA Model at 2/2 Apartment - Killen, AL in the starting from $900. The second greatest value Waterloo apartment is the 2 BR/2 BA Model at Seville Place Apartment Village starting at $995 with a $0.87 price per square foot . 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$0.71
Seville Place Apartment Village2 BR/2 BA2BR,2BA$0.87
Arbor Village ApartmentsMaple2BR,2BA$0.98
The Oakley at Spring CreekTwo Bedroom2BR,2BA$0.88
Shadybrook ApartmentsTwo-Bedoom2BR,1BA$0.63
Brookfield Apartment Homes2 Bedroom 1.5 Bathroom2BR,1.5BA$0.89
Ivy Pointe Apartments2 Bedroom2BR,1BA$0.75
North Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.99
Oliver CrossingTwo Bedroom2BR,1BA$0.86
Greenleaf Apartments2 Beds, 1 bath2BR,1BA$0.73

Quick Rent Budget Calculator

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

Explore Waterloo, AL Rentals by Map

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See the most popular apartments and homes in Waterloo, AL

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Getting Around Waterloo, AL

Walk Score®

4 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $650 at West Tennessee Street.

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

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.