Cheap Apartments for Rent in Waterloo, AL from $300 (16 Rentals)

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

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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.

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Showing Results 1-16, 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
West Tennessee Street1BR/1.0BA1BR,1BA$650
Oliver CrossingTwo Bedroom2BR,1BA$684
Ivy Pointe Apartments2 Bedroom2BR,1BA$709

Best Value Apartments for Rent in Waterloo, AL and Nearby

As of July 31, 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 2BR/2.0BA Model at Starhill Apartments starting at $900 with a $0.75 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
Starhill Apartments2BR/2.0BA2BR,2BA$0.75
Seville Place Apartment Village2 BR/2 BA2BR,2BA$0.96
Cypress Ridge2 Bedroom 2 Bathroom2BR,2BA$0.72
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

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

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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.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.