Cheap Apartments for Rent in Waterloo, OR from $600 (28 Rentals)

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

property at 1010 S 4th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

1010 S 4th St

LebanonOR97355

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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.

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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.

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Wolf Ridge
2 to 3 Bedroom Apartments

Wolf Ridge

1301-1371 E Santiam StStayton, OR 97383
  • 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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Rivergreen Landing
1 to 3 Bedroom Apartments

Rivergreen Landing

3350 Southeast Midvale DriveCorvallis, OR 97333
  • Utilities Included
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The Park at Fifth
1 to 3 Bedroom Apartments

The Park at Fifth

625 NW 5th StCorvallis, OR 97330

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.

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Showing Results 1-28, Page 1 of 1

Waterloo, OR Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, OR is a 2 Beds unit found at The Vicinity priced from $999. McKinney Lane Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,220. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Vicinity2x12BR,1BA$999
McKinney Lane ApartmentsChestnutStudio,1BA$1,220
Parkside Apartments1 x 11BR,1BA$1,305
Villa Chateau Apartments2/1.5 A2BR,1BA$1,395
The BanksPebble StudioStudio,1BA$1,435
Creekside Meadows1x1B1BR,1BA$1,515
Salem Crossings2 Bedroom 1.5 Bath - 705342BR,1BA$1,545
Cascade Ridge2x2 Standard2BR,2BA$1,550
Hickory Lake2x2 Special Rate2BR,2BA$1,595
The Park at Fifth2 Bed 640-7502BR,1BA$1,599

Best Value Apartments for Rent in Waterloo, OR and Nearby

As of June 29, 2026 the best value apartment in the Waterloo area is the $1.62 price per square foot Two Bedroom-Two Bath Model at Park Plaza in the starting from $1,810. The second greatest value Waterloo apartment is the Two Bed Two Bath B Model at Conifer Place starting at $1,849 with a $1.76 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.
Park PlazaTwo Bedroom-Two Bath2BR,2BA$1.62
Conifer PlaceTwo Bed Two Bath B2BR,2BA$1.76
Eagle Pointe2 Bed 2 Bath B2BR,2BA$1.74
Hickory Lake2x22BR,2BA$1.70
Salem Crossings2 Bedroom 1.5 Bath - 500852BR,1.5BA$1.61
Crystal Lake Apartments2BR 2 Bath2BR,2BA$1.70
Riverbend ApartmentsTwo-Bedroom Two-Bathroom - Mt. Sisters 952 SF2BR,2BA$1.71
Cascade Ridge2x2 Standard2BR,2BA$1.81
Parkside Apartments1 x 11BR,1BA$1.53
Villa Chateau Apartments2/1.5 A2BR,1.5BA$1.86

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.

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Real 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.

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

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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 $1,220.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $1,305 at Parkside Apartments.

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 $999 at The Vicinity.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Crystal Lake Apartments and starts from $1,750.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.

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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.