
Cheap Apartments for Rent in Waterford, MI from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


Adams Lake Apartments

Rivers Edge Apartments

Waterford Square

Colony Hill Apartments

Cass Lake Shore Club

Glengarry Park - Waterford Twp, MI

Ashton Pines

Round Hill 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.

33-35 Monroe St

Garden Court Apartments

Woodlake Hills

Bloomfield On The Green - West Bloomfield, MI

Crystal Lake Apartments

Independence Square Apartments

Chalet Villa Lakefront Community
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.

73 Mark Ave
Waterford, MI Local Guide

How much does it cost to rent an apartment in Waterford?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Waterford Studio Apartments | $766 | $550 | $1,083 |
Cheap Waterford 1 Bedroom Apartments | $1,217 | $685 | $2,500 |
Cheap Waterford 2 Bedroom Apartments | $1,406 | $800 | $3,500 |
Cheap Waterford 3 Bedroom Apartments | $1,703 | $1,375 | $2,295 |
Browse Top Apartments in Waterford
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Waterford, MI Local Guide
- Waterford Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Waterford, MI
Pricing Updated: 05/09/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Forestbrook | $1,853 | $693 | 100 |
Cheapest Available Waterford Apartments for Rent
 The cheapest available apartment rental in Waterford, MI is a 1 Bed unit found at Adams Lake Apartments in the Forestbrook neighborhood priced from $700. Garden Court Apartments in the East Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Waterford apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Adams Lake Apartments | 1 Bedroom Apartment | 1BR,1BA | $700 |
Garden Court Apartments | One Bedroom | 1BR,1BA | $775 |
Waterford Square | 2 Bedroom, 1 Bath Apartment | 2BR,1BA | $899 |
Huron Place | Studio | Studio,1BA | $899 |
Colony Hill Apartments | Two Bedroom | 2BR,1BA | $900 |
Heritage Park East | 1 Bedroom Apartment | 1BR,1BA | $910 |
Ashton Pines | Austrian | 1BR,1BA | $995 |
Cass Lake Shore Club | A1 | 1BR,1BA | $1,015 |
Bloomfield On The Green - West Bloomfield, MI | 1 Bed | 1 Bath Red | 1BR,1BA | $1,025 |
Round Hill Apartments | The Barrington | 2BR,1BA | $1,049 |
Best Value Apartments for Rent in Waterford, MI
As of May 09, 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 3 Bed 2 Bath Model at The Crossing at Auburn Hills starting at $1,375 with a $1.16 price per square foot in the East Side neighborhood. Here is today’s list of the best values for Waterford apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Baldwin Square Townhomes | Baldwin Square - GENERAL INFO | 3BR,2.5BA | $1.12 |
The Crossing at Auburn Hills | 3 Bed 2 Bath | 3BR,2BA | $1.16 |
Bridgewater Park of Clarkston | Cambridge | 3BR,2BA | $1.24 |
Colony Hill Apartments | Two Bedroom | 2BR,1BA | $0.90 |
Garden Court Apartments | Two Bedroom TH | 2BR,1.5BA | $1.10 |
Heritage Park East | 2 Bedroom Apartment | 2BR,1BA | $1.08 |
Glengarry Park - Waterford Twp, MI | The Sylvan | 2BR,1BA | $1.17 |
Adams Lake Apartments | 2 Bedroom Apartment | 2BR,1BA | $0.87 |
Waterford Square | 2 Bedroom, 1 Bathroom Apartment with Den | 2BR,1BA | $1.23 |
Round Hill Apartments | The Barrington | 2BR,1.5BA | $1.23 |
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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 $700 at Adams Lake 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 $800 at Adams Lake Apartments.
What is the most affordable Waterford Three Bedroom Apartment?
The best deal on a cheap Waterford Three Bedroom Apartment rental is at The Crossing at Auburn Hills and starts from $1,375.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.