Cheap Apartments for Rent near Waterloo, OR from $600 (46 Rentals)

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

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Cascade Ridge
$1,350 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,065
Total Monthly Price
$1,350 - $2,065
Studio to 3 Bedroom Apartments Available Now

Cascade Ridge

701 N 5th StLebanon, OR 97355
Luxury
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Veri at Timberhill
Rent Specials
$1,420 - $1,895
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $1,895
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Veri at Timberhill

2380 NW Rolling Green DrCorvallis, OR 97330
Transit Friendly
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Wolf Ridge
2 to 3 Bedroom Apartments

Wolf Ridge

1301-1371 E Santiam StStayton, OR 97383
  • Utilities Included
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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

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.

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311-325 E Dodge St
2 Bedroom Apartments

311-325 E Dodge St

311 E Dodge StLebanon, OR 97355
  • Utilities Included

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 1-46, 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 4 Beds unit found at 7th Street Station priced from $949. Villa Chateau Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,245. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
7th Street Station4BR/4BA - A - Premium4BR,4BA$949
Villa Chateau Apartments2/1.5 A2BR,1BA$1,245
Parkview Manor Apartments2BR/1.0BA2BR,1BA$1,295
Cascade RidgeStudioStudio,1BA$1,350
Parkside Apartments1x11BR,1BA$1,378
McKinney Lane ApartmentsChestnutStudio,1BA$1,421
Park Plaza Apartments0BR/1.0BAStudio,1BA$1,455
The Lodges1X11BR,1BA$1,500
Veri at Timberhill1x1B1BR,1BA$1,510
Salem Crossings2 Bedroom 1.5 Bath - 791002BR,1BA$1,545

Best Value Apartments for Rent in Waterloo, OR and Nearby

As of August 13, 2026 the best value apartment in the Waterloo area is the $0.69 price per square foot 4BR/4BA - A - Premium Model at 7th Street Station in the starting from $949. The second greatest value Waterloo apartment is the 3 Bed, 3 Bath Classic Model at Yugo Corvallis Domain starting at $799 with a $0.65 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.
7th Street Station4BR/4BA - A - Premium4BR,4BA$0.69
Yugo Corvallis Domain3 Bed, 3 Bath Classic3BR,3BA$0.65
Timber Ridge Place Apartment HomesFalls Suite (Timberridge)2BR,2BA$1.77
Conifer PlaceTwo Bed Two Bath C2BR,2BA$1.71
Hickory Lake2x22BR,2BA$1.70
Salem Crossings2 Bedroom 1.5 Bath - 500852BR,1.5BA$1.61
Riverbend ApartmentsTwo-Bedroom Two-Bathroom - Mt. Sisters 952 SF2BR,2BA$1.72
Parkview Manor Apartments2BR/1.0BA2BR,1BA$1.39
Parkside Apartments1x11BR,1BA$1.62
Villa Chateau Apartments2/1.5 A2BR,1.5BA$1.66

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 Cascade Ridge listed at $1,350.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $1,378 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 $1,245 at Villa Chateau Apartments.

What is the most affordable Waterloo Three Bedroom Apartment?

The best deal on a cheap Waterloo Three Bedroom Apartment rental is at Parkside Apartments and starts from $1,783.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.