Cheap Apartments for Rent in Waterford, PA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.

Carleton Court Apartments

Plymouth Apartments

Laurel Springs Apartments

Northview Heights Apartments

401 Hillcrest Drive

Cider Mill Apartments

Carriage Hill Townhouses

1121 Raspberry St

533 E 9th St

3704 E Lake Rd

2636 Cochran St

718 E 33rd St

625 W 22nd St
Waterford, PA Local Guide

How much does it cost to rent an apartment in Waterford?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waterford Studio Apartments | $912 | $825 | $1,025 |
Waterford 1 Bedroom Apartments | $1,098 | $600 | $4,900 |
Waterford 2 Bedroom Apartments | $1,483 | $670 | $5,500 |
Waterford 3 Bedroom Apartments | $1,476 | $560 | $3,535 |
Waterford 4 Bedroom Apartments | $587 | $555 | $620 |
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Waterford, PA Local Guide
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Cheapest Available Waterford Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterford, PA is a 1 Bed unit found at Willow Commons Apartments in the East Suburban Erie neighborhood priced from $538. University Gate in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Waterford apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Willow Commons Apartments | One Bedroom | 1BR,1BA | $538 |
University Gate | 4 Bed Upgraded | 4BR,2BA | $620 |
Lighthouse Apartments | 1 bedroom | 1BR,1BA | $750 |
Maple Lane Apartments | 1 Bed, 1 bath | 1BR,1BA | $800 |
The Reserve at Millcreek | One Bedroom C | 1BR,1BA | $820 |
Best Value Apartments for Rent in Waterford, PA and Nearby
As of March 26, 2025 the best value apartment in the Waterford area is the $1.13 price per square foot Townhouse with Full Basement Model at Lena Court in the in the West Suburban Erie neighborhood starting from $1,350. The second greatest value Waterford apartment is the 3 Bed upgraded Model at University Gate starting at $630 with a $0.62 price per square foot in the East Suburban Erie 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. |
---|---|---|---|
Lena Court | Townhouse with Full Basement | 2BR,1.5BA | $1.13 |
University Gate | 3 Bed upgraded | 3BR,2BA | $0.62 |
Willow Commons Apartments | One Bedroom | 1BR,1BA | $0.60 |
Westgate Apartments | 2 Bed | 2BR,1.5BA | $0.92 |
Modern Tool Square | 2BR/1.0BA | 2BR,1BA | $1.47 |
401 Hillcrest Drive | Nice 2 Bedroom Flat | 2BR,1BA | $1.06 |
Maple Lane Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.21 |
Northview Heights Apartments | One Bedroom | 1BR,1BA | $1.31 |
Lighthouse Apartments | 1 bedroom | 1BR,1BA | $1.15 |
The Reserve at Millcreek | One Bedroom C | 1BR,1BA | $1.49 |
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Best Local Schools in Waterford, PA
Fort Leboeuf Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Waterford, PA
Walk Score®
13 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
22 / 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
What is the Cheapest Studio apartment in Waterford?
Currently the most affordable Cheap Studio Apartment in Waterford is at Laurel Springs Apartments listed at $825.
How much is rent for a Cheap One Bedroom Waterford Apartment?
The lowest price for a Cheap One Bedroom Waterford Apartment is $538 at Willow Commons 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 $670 at University Gate.
What is the most affordable Waterford Three Bedroom Apartment?
The best deal on a cheap Waterford Three Bedroom Apartment rental is at University Gate and starts from $630.
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.

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.

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.

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.

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.