Cheap Apartments for Rent in Waterloo, OR from $700 (9 Rentals)

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

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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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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Showing Results 1-9, 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 1 Bed unit found at BEAUTIFULLY RENOVATED STUDIOS priced from $795. McKinney Lane Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,187. 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$795
McKinney Lane ApartmentsChestnutStudio,1BA$1,187
Queen AnneTwo Bedroom - 60%2BR,2BA$1,260

Best Value Apartments for Rent in Waterloo, OR and Nearby

As of September 29, 2025 the best value apartment in the Waterloo area is the $1.54 price per square foot Three Bedroom-Two Bath Model at Park Plaza in the starting from $2,550. The second greatest value Waterloo apartment is the River (Timberridge) Model at Timber Ridge Place Apartment Homes starting at $2,260 with a $1.88 price per square foot in the Clover Ridge Station neighborhood. 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 PlazaThree Bedroom-Two Bath3BR,2BA$1.54
Timber Ridge Place Apartment HomesRiver (Timberridge)3BR,2BA$1.88
311-325 E Dodge St2 Bed / 1.5 Bath2BR,1.5BA$1.50
Parkside Apartments2 x 22BR,2BA$1.44
Queen AnneTwo Bedroom - 60%2BR,2BA$1.32
Hickory Lake1x1 ADA1BR,1BA$1.79
Aspen Place Apartments1 Bedroom1BR,1BA$1.79
Plumtree Apartments1x1 - Phase II1BR,1BA$2.05
Crystal Lake Apartments1 BR 1 Bath1BR,1BA$1.85
McKinney Lane ApartmentsChestnutStudio ,1BA$2.10

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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

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $795 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.

decorative image for Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide article

Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide

Written by: Amber Kanuckel

Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.