
Cheap Apartments for Rent in the Waterbury Neighborhood of Elyria, OH from $500 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterbury area of Elyria.


Sherwood Forest Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Chestnut Acres Apartments

College Park Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Rosewood Park Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Colonial Manor Apartments

Willow Ridge Apartments
Cleveland's Best Affordable Neighborhoods
Learn about Cleveland and the best places to live with original content written by our Cleveland, OH Local Expert Sandy Baker

Hidden Creek Apartments
Waterbury, Elyria, OH Local Guide

How much does it cost to rent an apartment in Waterbury?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterbury Studio Apartments | $607 | $605 | $610 |
Waterbury 1 Bedroom Apartments | $823 | $595 | $1,495 |
Waterbury 2 Bedroom Apartments | $1,280 | $630 | $2,149 |
Waterbury 3 Bedroom Apartments | $1,159 | $925 | $1,460 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 3 mile radius of the Waterbury Neighborhood of Elyria, OH.
See all Apartments in ElyriaExplore Elyria
Waterbury, Elyria, OH Local Guide
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Cheapest Available Waterbury Apartments for Rent
 The cheapest available apartment rental in the Waterbury area of Cleveland, OH is a 1 Bed unit found at Willow Ridge Apartments priced from $725. Hidden Creek Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $865. Here are the most affordable Waterbury apartments for rent in Cleveland, OH:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Willow Ridge Apartments | One Bedroom One Bath - Call for Availability | 1BR,1BA | $725 |
Hidden Creek Apartments | Two Bedroom | 2BR,1BA | $865 |
Rosewood Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $900 |
Best Value Apartments for Rent in Waterbury, OH
As of May 10, 2025 the best value apartment in the Waterbury area is the $1.38 price per square foot 2 Bed 2 Bath Model at Spencer Court in the in the Woodgate Farms neighborhood starting from $1,725. The second greatest value Waterbury apartment is the 2 Bed/1.5 Bath Model at 601-605 Abbe Rd starting at $975 with a $0.83 price per square foot in the North Elyria 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. |
---|---|---|---|
Spencer Court | 2 Bed 2 Bath | 2BR,2BA | $1.38 |
601-605 Abbe Rd | 2 Bed/1.5 Bath | 2BR,1.5BA | $0.83 |
Hunters Crossing Apartments | One Bedroom | 1BR,1BA | $1.78 |
Hidden Creek Apartments | Two Bedroom | 2BR,1BA | $1.11 |
Rosewood Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.61 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleWaterbury, Elyria, OH
Ranked #1
Among neighborhoods in Elyria, OH for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Waterbury, Elyria, OH
North Ridgeville High School
North Ridgeville Middle School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including Waterbury, Elyria, and the greater Cleveland area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Waterbury Apartments
What is the lowest price for a Cheap Two Bedroom Waterbury Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterbury is starting from $825 at Willow Ridge Apartments.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.