Cheap Homes for Rent in Waterford, MI from $700 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Waterford, MI Local Guide

Cheapest Neighborhoods for Apartments in Waterford, MI

Pricing Updated: 03/25/2025

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$1,850$6931120

Cheapest Available Waterford Apartments for Rent and Nearby

 

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
Ashton PinesAustrian1BR,1BA$849

Best Value Apartments for Rent in Waterford, MI and Nearby

As of March 25, 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
Garden Court ApartmentsTwo Bedroom TH2BR,1.5BA$1.10
Colony Hill ApartmentsTwo Bedroom2BR,1BA$0.90
Chalet Villa Lakefront Community2 Bed / 1.5 Bath Clarkston Lakefront Community2BR,1.5BA$1.15
Heritage Park East2 Bedroom Apartment2BR,1BA$1.08
Waterford Square2 Bedroom, 1 Bathroom Apartment with Den2BR,1BA$1.23
Woodlake Hills2Bed1Bath2BR,1BA$1.18
Bloomfield On The Green - West Bloomfield, MI1 Bed | 1 Bath Red1BR,1BA$1.28
Round Hill ApartmentsThe Arlington1BR,1BA$1.28

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Waterford

What type of rentals are currently available in Waterford?

There are currently 183 Apartments for Rent in Waterford, MI with pricing that ranges from $550 to $3,500. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterford ranging from $795 to $5,750.

What is the current price range for Rental Homes in Waterford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterford ranges from $795 to $5,750 with an average monthly rent of $2,331.

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.