Cheap Apartments for Rent in Waterford, MI from $500 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waterford.

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Heritage Park West
1 to 2 Bedroom Apartments

Heritage Park West

3500 Watkins Lake RdWaterford, MI 48328
  • Utilities Included
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Pine Lake Apartments
1 to 2 Bedroom Apartments

Pine Lake Apartments

3620 Windmill DrWaterford, MI 48329
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Embassy West Apartments
1 to 2 Bedroom Apartments

Embassy West Apartments

5331-5379 Highland RdWaterford, MI 48327
  • Utilities Included
property at 327 Liberty St

327 Liberty St

PontiacMI48341
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Sue Kay Apartments
1 Bedroom Apartments

Sue Kay Apartments

8200 Pontiac Lake RdWhite Lake, MI 48386
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Monroe Manor
1 Bedroom Apartments

Monroe Manor

59 Monroe StPontiac, MI 48341
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White Lake
3 Bedroom Apartments

White Lake

1415 Fisk RdWhite Lake, MI 48386
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Showing Results 1-31, Page 1 of 1

Waterford, MI Local Guide

Cheapest Neighborhoods for Apartments in Waterford, MI

Pricing Updated: 04/14/2025

Current apartment rentals in the Waterford, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Waterford Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Forestbrook$1,425$69358

Cheapest Available Waterford Apartments for Rent

 

The cheapest available apartment rental in Waterford, MI is a 1 Bed unit found at Garden Court Apartments in the East Side neighborhood priced from $775. Ashton Pines has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Waterford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Court ApartmentsOne Bedroom1BR,1BA$775
Ashton PinesAustrian1BR,1BA$899
Waterford Square2 Bedroom, 1 Bath Apartment2BR,1BA$899
Huron PlaceStudioStudio,1BA$899
Colony Hill ApartmentsTwo Bedroom2BR,1BA$900
Round Hill ApartmentsThe Arlington1BR,1BA$909
Heritage Park East1 Bedroom Apartment1BR,1BA$910
Cass Lake Shore ClubA11BR,1BA$940
Bloomfield On The Green - West Bloomfield, MI1 Bed | 1 Bath Red1BR,1BA$1,025
Cherokee Hills ApartmentsCedar1BR,1BA$1,065

Best Value Apartments for Rent in Waterford, MI

As of April 15, 2025 the best value apartment in the Waterford area is the $1.12 price per square foot Baldwin Square - GENERAL INFO Model at Baldwin Square Townhomes in the in the Hills at Indianwood neighborhood starting from $1,785. The second greatest value Waterford apartment is the The Augusta Model at Greens Lake Apartments starting at $1,230 with a $1.03 price per square foot . Here is today’s list of the best values for Waterford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Baldwin Square TownhomesBaldwin Square - GENERAL INFO3BR,2.5BA$1.12
Greens Lake ApartmentsThe Augusta2BR,1.5BA$1.03
Garden Court ApartmentsTwo Bedroom TH2BR,1.5BA$1.10
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
Heritage Park East2 Bedroom Apartment2BR,1BA$1.08
Glengarry Park - Waterford Twp, MIThe Sylvan2BR,1BA$1.33
Waterford Square2 Bedroom, 1 Bathroom Apartment with Den2BR,1BA$1.23
Bloomfield On The Green - West Bloomfield, MI1 Bed | 1 Bath Red1BR,1BA$1.28
Cherokee Hills ApartmentsCedar1BR,1BA$1.33
Round Hill ApartmentsThe Arlington1BR,1BA$1.28

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Location, Location, Location!

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Getting Around Waterford, MI

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Waterford Apartments

How much is rent for a Cheap One Bedroom Waterford Apartment?

The lowest price for a Cheap One Bedroom Waterford Apartment is $775 at Garden Court Apartments.

What is the lowest price for a Cheap Two Bedroom Waterford Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterford is starting from $875 at Garden Court 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.