
Cheap Apartments for Rent in Waterville, IA from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.


Collective on 4th

WEDGEWOOD COMMONS

Main Street Apartments

Grand River Station

The Millennial
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.

Cliffside Apartments

The Hub on 6th

5th Ward Residences

131 S Vine St

17 5th St NW

2 1st St NE
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.

302 Royal St

27 2nd Ave SE

919 Vine St

121 1st St NW

706 3rd Ave SW

731 7th Ave NE
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.
Waterville, IA Local Guide

How much does it cost to rent an apartment in Waterville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterville Studio Apartments | $1,042 | $745 | $1,180 |
| Waterville 1 Bedroom Apartments | $1,170 | $759 | $1,649 |
| Waterville 2 Bedroom Apartments | $1,431 | $571 | $2,399 |
| Waterville 3 Bedroom Apartments | $1,575 | $665 | $2,575 |
Browse Top Apartments in Waterville
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Waterville, IA Local Guide
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Cheapest Available Waterville Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterville, IA is a 1 Bed unit found at LINTON VILLAGE priced from $540. The Hub on 6th in the Downtown La Crosse neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Waterville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINTON VILLAGE | 1 Bedroom 1 Bathroom | 1BR,1BA | $540 |
| The Hub on 6th | Studio | Studio,1BA | $850 |
| WEDGEWOOD COMMONS | Studio | Studio,1BA | $900 |
| Riverview Apartments | One Bedroom | 1BR,1BA | $919 |
| Gund Brewery Lofts | 1 Bedroom 1 Bathroom | 1BR,1BA | $935 |
Best Value Apartments for Rent in Waterville, IA and Nearby
As of January 07, 2026 the best value apartment in the Waterville area is the $1.16 price per square foot Two Bedroom (A2) Model at Arrow Ridge in the starting from $1,395. The second greatest value Waterville apartment is the 2 Bedroom | 2 Bath Corner Model at 5th Ward Residences starting at $1,378 with a $1.28 price per square foot . Here is today’s list of the best values for Waterville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arrow Ridge | Two Bedroom (A2) | 2BR,1BA | $1.16 |
| 5th Ward Residences | 2 Bedroom | 2 Bath Corner | 2BR,2BA | $1.28 |
| Valley View Townhomes | One Bedroom Plus Den | 1BR,1BA | $1.12 |
| Prairie Bluff Apartments | 2B/2B | 2BR,2BA | $1.39 |
| LINTON VILLAGE | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.58 |
| Lawler School Lofts | 2BR/1B | 2BR,1BA | $1.06 |
| Wild Grove Apartments - 702 NICC | 2 Bed Updated | 2BR,1BA | $1.09 |
| Grand River Station | 1B/1B | 1BR,1BA | $1.38 |
| Rock Avenue Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.23 |
| St. Vallerie Apartments | 1 Bed | 1BR,1BA | $1.39 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterville, IA Rentals by Map
See the most popular apartments and homes in Waterville, IA
Frequently Asked Questions about Cheap Waterville Apartments
What is the Cheapest Studio apartment in Waterville?
Currently the most affordable Cheap Studio Apartment in Waterville is at The Hub on 6th listed at $850.
How much is rent for a Cheap One Bedroom Waterville Apartment?
The lowest price for a Cheap One Bedroom Waterville Apartment is $540 at LINTON VILLAGE.
What is the lowest price for a Cheap Two Bedroom Waterville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterville is starting from $950 at Wild Grove Apartments - 702 NICC.
What is the most affordable Waterville Three Bedroom Apartment?
The best deal on a cheap Waterville Three Bedroom Apartment rental is at Lawler School Lofts and starts from $969.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!