Cheap Apartments for Rent in Waterford, PA from $500 (21 Rentals)

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

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Waterford, PA Local Guide

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 ListingModel NameBed/BathPriced From
Willow Commons ApartmentsOne Bedroom1BR,1BA$538
University Gate4 Bed Upgraded4BR,2BA$620
Lighthouse Apartments1 bedroom1BR,1BA$750
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$800
The Reserve at MillcreekOne Bedroom C1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lena CourtTownhouse with Full Basement2BR,1.5BA$1.13
University Gate3 Bed upgraded3BR,2BA$0.62
Willow Commons ApartmentsOne Bedroom1BR,1BA$0.60
Westgate Apartments2 Bed2BR,1.5BA$0.92
Modern Tool Square2BR/1.0BA2BR,1BA$1.47
401 Hillcrest DriveNice 2 Bedroom Flat2BR,1BA$1.06
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$1.21
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31
Lighthouse Apartments1 bedroom1BR,1BA$1.15
The Reserve at MillcreekOne Bedroom C1BR,1BA$1.49

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Best Local Schools in
Waterford, PA

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See the most popular apartments and homes in Waterford, PA

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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.

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.

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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.

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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.