Cheap Apartments for Rent in Waterloo, OR from $600 (8 Rentals)

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

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Waterloo, OR Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, OR is a 1 Bed unit found at BEAUTIFULLY RENOVATED STUDIOS priced from $695. McKinney Lane Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BEAUTIFULLY RENOVATED STUDIOS 1BR/1.0BA1BR,1BA$695
McKinney Lane ApartmentsChestnutStudio,1BA$1,199
Queen AnneTwo Bedroom - 60%2BR,2BA$1,260

Best Value Apartments for Rent in Waterloo, OR and Nearby

As of August 14, 2025 the best value apartment in the Waterloo area is the $1.93 price per square foot TWO BED TWO BATH A Model at Conifer Place in the starting from $1,874. The second greatest value Waterloo apartment is the Two Bedroom - 60% Model at Queen Anne starting at $1,260 with a $1.32 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.
Conifer PlaceTWO BED TWO BATH A2BR,2BA$1.93
Queen AnneTwo Bedroom - 60%2BR,2BA$1.32
Aspen Place Apartments2 Bedroom2BR,2BA$1.52
Parkview Manor Apartments2BR/1.0BA2BR,1BA$1.39
Cascade Ridge2x2 Standard2BR,2BA$1.73
Parkside Apartments1 x 11BR,1BA$1.53
Park PlazaOne Bedroom-One Bath1BR,1BA$1.84
Hickory Lake1x1 Special1BR,1BA$1.79
Crystal Lake Apartments1 BR 1 Bath1BR,1BA$1.85
The HavenBunk Space1BR,1BA$1.69

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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 McKinney Lane Apartments listed at $1,199.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $695 at BEAUTIFULLY RENOVATED STUDIOS .

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 $1,260 at Queen Anne.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Hickory Lake and starts from $1,895.

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.