Cheap Apartments for Rent in Waterman, IL from $600 (38 Rentals)

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Waterman Gardens
1 to 2 Bedroom Apartments

Waterman Gardens

215 E Duffy RdWaterman, IL 60556
  • Utilities Included
  • Smoke Free
property at 142 E Lincoln Hwy

$1,550 - $1,625

3 To 4 Bedroom Rentals

Available Aug 31

142 E Lincoln Hwy

WatermanIL60556

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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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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Fox Hill Senior Living
1 to 2 Bedroom Apartments

Fox Hill Senior Living

1536 Sycamore RdYorkville, IL 60560
Senior Living
  • Utilities Included
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311 W Roosevelt St
2 Bedroom Apartments

311 W Roosevelt St

311 W Roosevelt StDekalb, IL 60115
  • Utilities Included

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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Showing Results 1-38, Page 1 of 1

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 Amber Manor in the Dekalb neighborhood priced from $789. The Terraces at Dekalb in the Dekalb neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,075. Here is today’s list of the most affordable Waterman apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amber Manor1 BD 1 BTH A 60%1BR,1BA$789
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1,075
Eco Park22BR,2BA$1,185
Isaac Executive SuitesJunior One BedroomStudio,1BA$1,400
City Hall Suites1 BD | 1 BA1BR,1BA$1,400
Yorkville ApartmentsB2BR,1BA$1,550
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$1,578
Mason Townhouse Suites4 TH4BR,3BA$2,050
Hunter Star PropertiesHunter Star - 8 Bedroom 2.5 Bath8BR,2BA$2,100
Bristol Bay of YorkvilleAccera2BR,2BA$2,600

Best Value Apartments for Rent in Waterman, IL and Nearby

As of August 26, 2026 the best value apartment in the Waterman area is the $0.93 price per square foot 4 TH Model at Mason Townhouse Suites in the in the Dekalb neighborhood starting from $2,050. The second greatest value Waterman apartment is the Accera Model at Bristol Bay of Yorkville starting at $2,600 with a $1.75 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$0.93
Bristol Bay of YorkvilleAccera2BR,2.5BA$1.75
Eco Park22BR,2BA$1.39
Yorkville ApartmentsB2BR,1BA$1.82
The Terraces at DekalbLincoln Hwy 2 Bed2BR,1BA$1.43
Amber Manor1 BD 1 BTH A 60%1BR,1BA$1.13
Countryside Village Apartments1 Bed, 1 bath1BR,1BA$2.86

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 Waterman Apartments

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

The lowest price for a Cheap One Bedroom Waterman Apartment is $789 at Amber Manor.

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 $1,009 at Amber Manor.

What is the most affordable Waterman Three Bedroom Apartment?

The best deal on a cheap Waterman Three Bedroom Apartment rental is at Eco Park and starts from $1,355.

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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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.