
Cheap Apartments for Rent in Waterloo, OH from $400 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterloo.


The Prichard

1429 3rd Ave

Fort Gay Apartments

1510 7th Ave

University Suites

Hickory Way Apartments

Carriage Hill

Riverside Landing
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.

Hudson Place

Barnett Commons

Patriot Walker (FKA Village Hill)

Lynwood Ter

Monticello Village

Garden Park Apartments

The Cloister

Brook Side Apartments

Southmoor Hills
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.

Breck Gardens

Campus Heights Student

The Ridge Apartments & Townhomes

Herd Flats - Campus Housing

Patriot Glen (FKA Olde English I)

Royal Oaks at Pea Ridge

Providence Hill Apartments

9 Riddle MHP

Imperial Lofts
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.

4547-4535 Piedmont Rd

Mary Lane Estates

Maury Village Apartments

518 9th Ave

Holly Hills Apartments

Fox Run Crossing

607 20th St

4 Circle Dr

Main Street Apartments
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.

2435 1st Ave

(Transitioned) Westmoreland

80 Township Rd 1118

6785 Mud River Rd

Greentree Apartments

Emerald Gardens

2228 Washington Ave

82 Township Rd 1118

3348 8th Street Rd
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.

60 US-60

752 3rd St

100 Blue Jacket Cir

1311 Huntington Ave
Waterloo, OH Local Guide

How much does it cost to rent an apartment in Waterloo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterloo Studio Apartments | $935 | $750 | $1,400 |
| Waterloo 1 Bedroom Apartments | $945 | $450 | $3,150 |
| Waterloo 2 Bedroom Apartments | $1,177 | $640 | $3,087 |
| Waterloo 3 Bedroom Apartments | $1,333 | $740 | $2,350 |
| Waterloo 4 Bedroom Apartments | $1,124 | $890 | $1,284 |
Browse Top Apartments in Waterloo
See all Apartments in WaterlooExplore Waterloo
Waterloo, OH Local Guide
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Cheapest Available Waterloo Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterloo, OH is a 1 Bed unit found at HAWK'S NEST ACT APARTMENTS ATHENS priced from $450. The Prichard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $503. Here is today’s list of the most affordable Waterloo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| HAWK'S NEST ACT APARTMENTS ATHENS | Single bed | 1BR,1BA | $450 |
| The Prichard | The Grand | 1BR,1BA | $503 |
| 1429 3rd Ave | 1 Bedroom | 1BR,1BA | $550 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $600 |
| Hickory Way Apartments | 2 Bdr | 2BR,1BA | $640 |
| Carriage Hill | 2 BEDROOM | 2BR,1BA | $712 |
| Riverside Landing | 2 Bed / 1 Bath | 2BR,1BA | $715 |
| Barnett Commons | 2 Bed 55+ | 2BR,1BA | $740 |
| Lynwood Ter | 2 bed | 2BR,1BA | $750 |
| Patriot Walker (FKA Village Hill) | STUDIO | 1BR,1BA | $750 |
Best Value Apartments for Rent in Waterloo, OH and Nearby
As of May 28, 2026 the best value apartment in the Waterloo area is the $0.90 price per square foot 3 Bed/1.5 Bath Townhouse Model at 3811-3850 Sleepy Hollow Dr in the in the Teays Valley Hurricane neighborhood starting from $1,350. The second greatest value Waterloo apartment is the York - Renovated Model at The Summit at Coates Run starting at $880 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3811-3850 Sleepy Hollow Dr | 3 Bed/1.5 Bath Townhouse | 3BR,1.5BA | $0.90 |
| The Summit at Coates Run | York - Renovated | 3BR,3BA | $0.75 |
| Sawgrass Greene | 3 Bedroom Unit | 3BR,1.5BA | $0.94 |
| Carriage Hill | 2 BEDROOM | 2BR,1.5BA | $0.68 |
| Riverside Landing | 3 Bed / 2 Bath | 3BR,2BA | $0.95 |
| Hickory Way Apartments | 2 Bdr | 2BR,1BA | $0.77 |
| HAWK'S NEST ACT APARTMENTS ATHENS | Single bed | 1BR,1BA | $0.60 |
| Marshall Apartments | 2 bedroom | 2BR,1BA | $0.86 |
| Fort Gay Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.95 |
| The Prichard | The Classic | 1BR,1BA | $0.80 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterloo, OH Rentals by Map
See the most popular apartments and homes in Waterloo, OH
Frequently Asked Questions about Cheap Waterloo Apartments
What is the Cheapest Studio apartment in Waterloo?
Currently the most affordable Cheap Studio Apartment in Waterloo is at Patriot Walker (FKA Village Hill) listed at $750.
How much is rent for a Cheap One Bedroom Waterloo Apartment?
The lowest price for a Cheap One Bedroom Waterloo Apartment is $450 at HAWK'S NEST ACT APARTMENTS ATHENS.
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 $640 at Fort Gay Apartments.
What is the most affordable Waterloo Three Bedroom Apartment?
The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Carriage Hill and starts from $834.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.