
Cheap Homes for Rent in Waterloo, NY from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Waterloo.


132 Prospect St

40 E Genesee St
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.

241 W Jackson St

14 Elm St

1084 Yale Farm Rd
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.
Waterloo, NY Local Guide

How much does it cost to rent a home in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo 2 Bedroom Homes for Rent | $3,101 | $1,800 | $4,175 |
| Waterloo 3 Bedroom Homes for Rent | $3,784 | $1,775 | $10,000+ |
| Waterloo 4 Bedroom Homes for Rent | $2,950 | $1,900 | $5,500 |
| Waterloo 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Waterloo 6 Bedroom Homes for Rent | $12,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Waterloo
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Waterloo, NY Local Guide
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Cheapest Available Waterloo Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterloo, NY is a 1 Bed unit found at Evergreen Hills priced from $884. Camelot Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen Hills | Affordable 1 Bedroom | 1BR,1BA | $884 |
| Camelot Square Apartments | Studio 6/15 (Heat, Internet & TV App Incl.) | Studio,1BA | $900 |
| Braeside Apartments | Studio | Studio,1BA | $1,029 |
Best Value Apartments for Rent in Waterloo, NY and Nearby
As of June 23, 2026 the best value apartment in the Waterloo area is the $1.66 price per square foot Creekwood Townhomes 3BR 2.5 BA Model at Creekwood Townhomes in the in the Victor Farmington neighborhood starting from $2,800. The second greatest value Waterloo apartment is the 3 Bedroom Townhome- WAITLIST AD Model at Parkside Townhomes starting at $2,064 with a $1.35 price per square foot in the Victor Farmington neighborhood. Here is today’s list of the best values for Waterloo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Creekwood Townhomes | Creekwood Townhomes 3BR 2.5 BA | 3BR,2.5BA | $1.66 |
| Parkside Townhomes | 3 Bedroom Townhome- WAITLIST AD | 3BR,2.5BA | $1.35 |
| The Links at CenterPointe Townhomes | Two Bedroom 2.5 Bath Townhome - 1,356 sqft | 2BR,2.5BA | $1.54 |
| Villas of Victor and Regency Townhomes | Two Bedroom 2 Bath (Villas of Victor) | 2BR,2BA | $1.68 |
| Saratoga Crossing Apartments & Townhomes | One Bedroom- 1038 sqft | 1BR,1BA | $1.81 |
| Northside Apartments | 2bedroom 1bath | 2BR,1BA | $1.41 |
| The Retreat Luxury Apartments | Wilson | 1BR,1BA | $2.01 |
| Evergreen Hills | Affordable 1 Bedroom | 1BR,1BA | $1.28 |
| Sheridan Park and Holiday Manor | S1bdrm | 1BR,1BA | $1.81 |
| Camelot Square Apartments | Studio 6/15 (Heat, Internet & TV App Incl.) | Studio ,1BA | $1.97 |
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 Waterloo, NY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Waterloo, NY
Frequently Asked Questions about Waterloo
What type of rentals are currently available in Waterloo?
There are currently 91 Apartments for Rent in Waterloo, NY with pricing that ranges from $900 to $4,600. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $795 to $12,000.
What is the current price range for Rental Homes in Waterloo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo ranges from $795 to $12,000 with an average monthly rent of $3,927.
How much are larger Three and Four Bedroom Rentals in Waterloo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterloo range from $1,080 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,775 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,995.
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

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.

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.

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.

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.