
Cheap Apartments for Rent near Waterville, WA from $600 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.


College Park Apartments

Two Bedroom Apartments

Rainier Apartments

University Park & Place

Cascade Village

Leavenworth Haus

Alderwood Manor

Baker Apartments

The Vintage
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.

Heron Creek Apartments

The Weston Apartments

Solara

Total Monthly Price
Pioneer Meadows

Modern Heights

Autumn Haus

Greenpointe Townhomes

Central Park Villas

The Gateway

Park View Apartments
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.

Riverfront Village

Total Monthly Price
Sagecrest

Central Park Apartments

Courtyard 465

Total Monthly Price
411 6th Street Northeast

Deer Haven Apartments

Total Monthly Price
Riverly

Cedarwood

227 Main Ave E

802 N Grape Dr
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.

Glacier Apartments

The Den

3849 McKee Ln

40505 Basin St NW

Juniper Apartments

The Orchard on Eastmont

11 Ivy St NE

Mission View Flats

Aspen Heights

LIVEasy Street
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.

924 S Division St

527 Canterbury Ln

1535 Castlerock Ave

320 F St NE

616 Nancy Ln

516 Main Ave W

1004 W Kristine St

1229 Maple St

Emerson Ave

Columbia Crest
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.
Waterville, WA Local Guide

How much does it cost to rent an apartment in Waterville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterville Studio Apartments | $1,397 | $1,015 | $1,675 |
| Waterville 1 Bedroom Apartments | $1,571 | $900 | $2,595 |
| Waterville 2 Bedroom Apartments | $1,812 | $849 | $2,860 |
| Waterville 3 Bedroom Apartments | $1,835 | $724 | $3,170 |
| Waterville 4 Bedroom Apartments | $1,486 | $1,061 | $2,200 |
Browse Top Apartments in Waterville
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Waterville, WA Local Guide
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Cheapest Available Waterville Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterville, WA is a 2 Beds unit found at The Cape at Interlake priced from $600. College Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Waterville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Cape at Interlake | Bellflower | 2BR,2BA | $600 |
| College Park Apartments | 1 bed 1 bath | 1BR,1BA | $900 |
| Two Bedroom Apartments | 2 Bed, 1 Bath Apartments for Rent! -July FREE w... | 2BR,1BA | $950 |
| Rainier Apartments | 1x1 | 1BR,1BA | $993 |
| Leavenworth Haus | Eltz EF | Studio,1BA | $1,020 |
| Alderwood Manor | 2 BR/ 1 BA | 2BR,1BA | $1,130 |
| University Park & Place | 2 Bed 1 Bath - Place | 2BR,1BA | $1,194 |
| The Vintage | The Ciena | 1BR,1BA | $1,195 |
| The Weston Apartments | Phase II A | 2BR,2BA | $1,250 |
| Solara | Arezza | 1BR,1BA | $1,280 |
Best Value Apartments for Rent in Waterville, WA and Nearby
As of July 23, 2026 the best value apartment in the Waterville area is the $1.44 price per square foot 3x2 Exceptional Model at Modern Heights in the in the Sage Vista neighborhood starting from $1,600. The second greatest value Waterville apartment is the 3 Bed 2 Bath Columbia Model at Heron Creek Apartments starting at $1,428 with a $1.30 price per square foot in the Sage Vista neighborhood. 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. |
|---|---|---|---|
| Modern Heights | 3x2 Exceptional | 3BR,2BA | $1.44 |
| Heron Creek Apartments | 3 Bed 2 Bath Columbia | 3BR,2BA | $1.30 |
| The Cape at Interlake | Newton | 3BR,2BA | $0.65 |
| The Gateway | Two Bedroom, Two Bath | 2BR,2BA | $1.44 |
| The Weston Apartments | Phase II A | 1BR,1BA | $1.45 |
| The Verge | 2x2 | 2BR,2BA | $1.00 |
| Alderwood Manor | 2 BR/ 1 BA | 2BR,1BA | $1.33 |
| Pioneer Meadows | 1x1 | 1BR,1BA | $1.68 |
| Two Bedroom Apartments | 2 Bed, 1 Bath Apartments for Rent! -July FREE w... | 2BR,1BA | $1.25 |
| University Park & Place | 2 Bed 1 Bath - Place | 2BR,1BA | $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.
Read ArticleReal 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.
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, WA Rentals by Map
See the most popular apartments and homes in Waterville, WA
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 Leavenworth Haus listed at $1,020.
How much is rent for a Cheap One Bedroom Waterville Apartment?
The lowest price for a Cheap One Bedroom Waterville Apartment is $900 at College Park Apartments.
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 $600 at The Cape at Interlake.
What is the most affordable Waterville Three Bedroom Apartment?
The best deal on a cheap Waterville Three Bedroom Apartment rental is at The Cape at Interlake and starts from $696.
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

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.

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.