Cheap Apartments for Rent in Waterford, MI from $500 (35 Rentals)

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Heritage Park West
1 to 2 Bedroom Apartments

Heritage Park West

3500 Watkins Lake RdWaterford, MI 48328
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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
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327 Liberty St
$9251 Bedroom, 1 Bath RentalsAvailable Now

327 Liberty St

Pontiac, MI 48341
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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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Waterford, MI Local Guide

Cheapest Neighborhoods for Apartments in Waterford, MI

Pricing Updated: 02/22/2025

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$1,783$6931095

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. Waterford Square in the Forestbrook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Waterford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garden Court ApartmentsOne Bedroom1BR,1BA$775
Waterford Square1 Bedroom, 1 Bath Apartment1BR,1BA$799
Huron PlaceStudioStudio,1BA$899
Colony Hill ApartmentsTwo Bedroom2BR,1BA$900
Heritage Park East2 Bedroom Apartment2BR,1BA$904
Round Hill ApartmentsThe Arlington1BR,1BA$909
Ashton PinesAustrian1BR,1BA$909
Rivers Edge ApartmentsPrimrose1BR,1BA$916
Crescent ManorDeluxe 2 Bedroom2BR,1BA$950

Best Value Apartments for Rent in Waterford, MI

As of February 22, 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 2564 Premont Ave Model at 2564 Premont Ave, Unit 2 starting at $875 with a $0.73 price per square foot in the Seminole Hills neighborhood. 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
2564 Premont Ave, Unit 22564 Premont Ave2BR,1BA$0.73
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
Garden Court ApartmentsTwo Bedroom TH2BR,1.5BA$1.10
Heritage Park East2 Bedroom Apartment2BR,1BA$0.95
Crescent ManorDeluxe 2 Bedroom2BR,1BA$1.00
Greens Lake ApartmentsThe Oakmont1BR,1BA$1.28
Woodlake Hills2Bed1Bath2BR,1BA$1.18
Ashton PinesAustrian1BR,1BA$1.21
Round Hill ApartmentsThe Arlington1BR,1BA$1.28

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterford, MI Rentals by Map

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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

Frequently Asked Questions about Cheap Waterford Apartments

What is the Cheapest Studio apartment in Waterford?

Currently the most affordable Cheap Studio Apartment in Waterford is at Huron Place listed at $899.

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.

What is the most affordable Waterford Three Bedroom Apartment?

The best deal on a cheap Waterford Three Bedroom Apartment rental is at Waterford Pines and starts from $1,668.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.