Cheap Apartments for Rent in Waterloo, OR from $600 (40 Rentals)

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

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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Veri at Timberhill
Rent Specials
$1,395 - $1,845
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,845
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Veri at Timberhill

2380 NW Rolling Green DrCorvallis, OR 97330
Pet Friendly
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  • Customer Reviewed
  • 3D Tour

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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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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Wolf Ridge
2 to 3 Bedroom Apartments

Wolf Ridge

1301-1371 E Santiam StStayton, OR 97383
  • 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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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.

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Showing Results 1-40, 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. Queen Anne has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,052. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Vicinity2.S2BR,1BA$999
Queen AnneOne Bedroom - 60%1BR,1BA$1,052
McKinney Lane ApartmentsChestnutStudio,1BA$1,255
The Park at Fifth1 Bed 640-7101BR,1BA$1,299
Park PlazaStudioStudio,1BA$1,300
Aspen Place Apartments1 Bedroom - Outside Gate1BR,1BA$1,300
Parkside Apartments1 x 11BR,1BA$1,305
Villa Chateau Apartments2/1.5 A2BR,1BA$1,395
Veri at TimberhillStudioStudio,1BA$1,395
1335 North1 Bed 1 Bath1BR,1BA$1,395

Best Value Apartments for Rent in Waterloo, OR and Nearby

As of May 14, 2026 the best value apartment in the Waterloo area is the $1.78 price per square foot 3x2 Standard Model at Cascade Ridge in the starting from $1,800. The second greatest value Waterloo apartment is the 2 Bedroom 1.5 Bath - 50085 Model at Salem Crossings starting at $1,625 with a $1.63 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.
Cascade Ridge3x2 Standard3BR,2BA$1.78
Salem Crossings2 Bedroom 1.5 Bath - 500852BR,1.5BA$1.63
Conifer PlaceTwo Bed Two Bath A2BR,2BA$1.93
Crystal Lake Apartments2BR 2 Bath2BR,2BA$1.70
Parkside Apartments1 x 11BR,1BA$1.53
Meadows ApartmentsMEA 2X1 W/STACKABLE WD2BR,1BA$1.81
Hickory Lake1x11BR,1BA$1.79
Villa Chateau Apartments2/1.5 A2BR,1.5BA$1.86
Queen AnneOne Bedroom - 60%1BR,1BA$1.44
Aspen Place Apartments1 Bedroom - Outside Gate1BR,1BA$1.79

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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Quick 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.

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

Explore Waterloo, OR Rentals by Map

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See the most popular apartments and homes in Waterloo, OR

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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 $1,255.

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

The lowest price for a Cheap One Bedroom Waterloo Apartment is $1,052 at Queen Anne.

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.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.

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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.