
Cheap Apartments for Rent in the Waterbury Neighborhood of Woodridge, IL from $1,200 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterbury area of Woodridge.


Edgewood Apartments

Woodland Ridge Apartments

The Townhomes at Highcrest

Natural Falls Resort Apartments
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.

Myers Commons Apartments Senior 62+

Courts of the Falling Waters

Total Monthly Price
Prentiss Creek at Downers Grove Apartments

Furnished Studio-Chicago - Darien

Brook on Janes
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.
Waterbury, Woodridge, IL Local Guide

How much does it cost to rent an apartment in Waterbury?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterbury Studio Apartments | $1,399 | $1,270 | $1,983 |
| Waterbury 1 Bedroom Apartments | $1,958 | $1,265 | $3,746 |
| Waterbury 2 Bedroom Apartments | $2,254 | $1,575 | $4,713 |
| Waterbury 3 Bedroom Apartments | $3,672 | $2,250 | $9,639 |
| Waterbury 4 Bedroom Apartments | $17,565 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Waterbury Neighborhood of Woodridge, IL.
See all Apartments in WoodridgeExplore Woodridge
Waterbury, Woodridge, IL Local Guide
- Nearby Woodridge neighborhoods
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Cheapest Available Waterbury Apartments for Rent
 The cheapest available apartment rental in the Waterbury area of Chicago, IL is a Studio unit found at Windsor Lakes Apartment Homes priced from $1,270. Prentiss Creek at Downers Grove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,446. Here are the most affordable Waterbury apartments for rent in Chicago, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Lakes Apartment Homes | Studio - 510 sqft | Studio,1BA | $1,270 |
| Prentiss Creek at Downers Grove Apartments | Brooklyn | 1BR,1BA | $1,446 |
| Edgewood Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1,510 |
Best Value Apartments for Rent in Waterbury, IL
As of June 23, 2026 the best value apartment in the Waterbury area is the $2.20 price per square foot Ripple Model at The Retreat at Seven Bridges in the in the Green Trails neighborhood starting from $3,076. The second greatest value Waterbury apartment is the 2x2.5 Model at The Townhomes at Highcrest starting at $1,725 with a $1.44 price per square foot in the Waterbury neighborhood. Here is today’s list of the best values for Waterbury apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Retreat at Seven Bridges | Ripple | 3BR,2BA | $2.20 |
| The Townhomes at Highcrest | 2x2.5 | 2BR,2BA | $1.44 |
| Natural Falls Resort Apartments | Model K2 | 2BR,2BA | $2.02 |
| Villages of Greene Valley | A | 2BR,1BA | $2.01 |
| Thornberry Woods Apartment Homes | A2-Cottonwood | 1BR,1BA | $2.26 |
| Dynasty Pointe Apartments | 2 Bedroom Gas | 2BR,1BA | $2.06 |
| Prentiss Creek at Downers Grove Apartments | Brooklyn | 1BR,1BA | $1.93 |
| Edgewood Apartments | 1 Bed 1 Bath B | 1BR,1BA | $2.11 |
| Woodland Ridge Apartments | LILY | 1BR,1BA | $2.62 |
| Windsor Lakes Apartment Homes | Studio - 510 sqft | Studio ,1BA | $2.48 |
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.
Pet Friendly LifestyleWaterbury, Woodridge, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Chicago, Illinois. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Waterbury Apartments
What is a cheap apartment in Waterbury?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterbury is under $1,811.
What is the price of a cheap apartment in Waterbury?
The cheapest apartment in Waterbury is Windsor Lakes Apartment Homes which is listed at $1,415, while the average apartment in Waterbury costs $17,565.
What types of apartments are the cheapest in Waterbury?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Waterbury that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Waterbury?
Cheap apartments in Waterbury have an average cost of $728 which is $16,837 cheaper than the average rent for all rentals in Waterbury.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago
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I’m Nicole, your ApartmentHomeLiving.com Local Expert for Chicago, IL. As a resident of the Chicago area for over 20 years, I’ve learned which neighborhoods are great and which are best avoided.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.