Cheap Apartments for Rent in the Waterbury Neighborhood of Woodridge, IL from $1,200 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterbury area of Woodridge.

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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Villages of Greene Valley
1 to 2 Bedroom Apartments

Villages of Greene Valley

3211 Fox StWoodridge, IL 60517
Corporate Housing
  • Utilities Included
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The Maples
2 to 3 Bedroom Apartments

The Maples

8055 Janes AveWoodridge, IL 60517
  • Utilities Included

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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Waterbury, Woodridge, IL Local Guide

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 $1,305. Prentiss Creek at Downers Grove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,359. Here are the most affordable Waterbury apartments for rent in Chicago, IL:

Apartment ListingModel NameBed/BathPriced From
Windsor Lakes Apartment HomesStudio - 450 sqftStudio,1BA$1,305
Prentiss Creek at Downers Grove ApartmentsBrooklyn1BR,1BA$1,359
Edgewood Apartments1 Bed 1 Bath A1BR,1BA$1,490
Natural Falls Resort ApartmentsPlan L1BR,1BA$1,550
Villages of Greene ValleyD1BR,1BA$1,603

Best Value Apartments for Rent in Waterbury, IL

As of May 07, 2026 the best value apartment in the Waterbury area is the $1.50 price per square foot 2x2.5 Model at The Townhomes at Highcrest in the in the Waterbury neighborhood starting from $1,795. The second greatest value Waterbury apartment is the 7461 Blackburn Ave Model at 7461 Blackburn Ave, Unit #201 starting at $1,980 with a $1.71 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Townhomes at Highcrest2x2.52BR,2BA$1.50
7461 Blackburn Ave, Unit #2017461 Blackburn Ave2BR,2BA$1.71
Dynasty Pointe Apartments2 Bedroom Gas2BR,1BA$2.06
Brook on JanesPinehurst1BR,1BA$2.56
Thornberry Woods Apartment HomesA1-Cedar-Chestnut1BR,1BA$2.77
Prentiss Creek at Downers Grove ApartmentsBrooklyn1BR,1BA$1.81
Natural Falls Resort ApartmentsPlan L1BR,1BA$2.09
Edgewood Apartments1 Bed 1 Bath A1BR,1BA$2.06
Villages of Greene ValleyB1BR,1BA$2.39
Woodland Ridge ApartmentsLILY1BR,1BA$2.49

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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Quick 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.

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Pet Friendly Lifestyle
Waterbury, Woodridge, IL

Ranked #3

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,857.

What is the price of a cheap apartment in Waterbury?

The cheapest apartment in Waterbury is Windsor Lakes Apartment Homes which is listed at $1,345, while the average apartment in Waterbury costs $17,586.

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 50 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 $739 which is $16,847 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

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Chicago

Written by: Nicole Harms

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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Top Student Friendly Neighborhoods to Rent Near Colleges in Chicago

Written by: Nicole Harms

With world-class museums lining its streets, Chicago is a place people go to learn. It’s not surprising, therefore, that it’s also home to multiple colleges and universities with national and global reputations.

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Best Neighborhoods to Rent in Near Chicago's Top Employers

Written by: Nicole Harms

Whenever life takes me into the city, I’m always impressed with the sheer amount of industry and commerce that it holds. With all of that commerce comes a wide range of employment options.

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Explore the Windy City (But Watch for Falling Ice) - An Insider's Guide to Renting in Chicago

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From Lake Shore Drive to the O’Hare Airport, the city of Chicago is a study in diversity, resilience, and culture.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.