Cheap Apartments for Rent in Waterman, IL from $400 (40 Rentals)

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Waterman Gardens
1 to 2 Bedroom Apartments

Waterman Gardens

215 E Duffy RdWaterman, IL 60556
  • Utilities Included
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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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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311 W Roosevelt St
2 Bedroom Apartments

311 W Roosevelt St

311 W Roosevelt StDekalb, IL 60115
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Waterman, IL Local Guide

Cheapest Available Waterman Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterman, IL is a 1 Bed unit found at Fox Hill Senior Living in the Raintree Village Duplexes neighborhood priced from $656. The Terraces at Dekalb on Ridge Drive in the Devonaire Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Waterman apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fox Hill Senior Living1x1-H-SS1BR,1BA$656
The Terraces at Dekalb on Ridge DriveRidge Drive StudioStudio,1BA$725
Ashbury CourtSTStudio,1BA$815
103 W Railroad St1 Bed, 1 bath1BR,1BA$850
The Terraces at Dekalb on Normal RoadNormal Road 1 Bed1BR,1BA$895
Varsity Square Apartments1 Bedroom without Dining Room1BR,1BA$896
University Heights Apartments2T2BR,1BA$1,050
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1,050
Eco Park33BR,2BA$1,290
Isaac Executive SuitesJunior One BedroomStudio,1BA$1,400

Best Value Apartments for Rent in Waterman, IL and Nearby

As of April 07, 2026 the best value apartment in the Waterman area is the $0.98 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Devonaire Farms neighborhood starting from $2,150. The second greatest value Waterman apartment is the Accera Model at Bristol Bay of Yorkville starting at $2,595 with a $1.74 price per square foot in the Blackberry Crossing West neighborhood. Here is today’s list of the best values for Waterman apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mason Townhouse Suites4 TH4BR,3BA$0.98
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.74
Cortland EstatesThree Bedroom3BR,2BA$1.33
University Heights Apartments2T2BR,1BA$1.21
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1.39
Fox Hill Senior Living1x1-H-SS1BR,1BA$0.91
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$2.86
Varsity Square Apartments1 Bedroom without Dining Room1BR,1BA$1.79
Ashbury CourtSTStudio ,1BA$1.98
University Plaza ApartmentsA1 Floor Plan1BR,1BA$3.15

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 Waterman, IL Rentals by Map

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Frequently Asked Questions about Cheap Waterman Apartments

What is the Cheapest Studio apartment in Waterman?

Currently the most affordable Cheap Studio Apartment in Waterman is at The Terraces at Dekalb on Ridge Drive listed at $725.

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

The lowest price for a Cheap One Bedroom Waterman Apartment is $656 at Fox Hill Senior Living.

What is the lowest price for a Cheap Two Bedroom Waterman Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterman is starting from $925 at The Terraces at Dekalb on Ridge Drive.

What is the most affordable Waterman Three Bedroom Apartment?

The best deal on a cheap Waterman Three Bedroom Apartment rental is at The Terraces at Dekalb on Ridge Drive and starts from $1,250.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.