Cheap Homes for Rent in Waterloo, AL from $500 (12 Rentals)

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Waterloo, AL Local Guide

Cheapest Available Waterloo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterloo, AL is a 2 Beds unit found at Greenleaf Apartments priced from $517. Shadybrook Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $612. Here is today’s list of the most affordable Waterloo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenleaf Apartments2 Beds, 1 bath2BR,1BA$517
Shadybrook ApartmentsTwo-Bedoom2BR,1BA$612
West Tennessee Street0BR/1.0BAStudio,1BA$625
Cypress Ridge1 Bedroom 1 Bathroom1BR,1BA$650
STONEBROOK VILLAGE1 Bedroom 1 Bathroom1BR,1BA$725

Best Value Apartments for Rent in Waterloo, AL and Nearby

As of April 15, 2025 the best value apartment in the Waterloo area is the $0.71 price per square foot 2BR/2.0BA Model at Harvest Hills Apartments in the starting from $900. The second greatest value Waterloo apartment is the Flat Model at The Oakley at Deerfield starting at $1,250 with a $1.00 price per square foot . Here is today’s list of the best values for Waterloo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Harvest Hills Apartments2BR/2.0BA2BR,2BA$0.71
The Oakley at DeerfieldFlat2BR,2BA$1.00
Seville Place Apartment Village2 BR/2 BA2BR,2BA$0.87
Monarch Creek2 Bedroom Two Bathroom-Deluxe2BR,2BA$0.86
Shadybrook ApartmentsTwo-Bedoom2BR,1BA$0.63
Brookfield Apartment Homes2 Bedroom 1.5 Bathroom2BR,1.5BA$0.89
North Village2 Bedroom 1.5 Bathroom2BR,1.5BA$0.99
The Oakley at Spring CreekOne Bedroom1BR,1BA$0.98
Greenleaf Apartments2 Beds, 1 bath2BR,1BA$0.73
STONEBROOK VILLAGE1 Bedroom 1 Bathroom1BR,1BA$1.04

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Frequently Asked Questions about Waterloo

What type of rentals are currently available in Waterloo?

There are currently 44 Apartments for Rent in Waterloo, AL with pricing that ranges from $462 to $1,773. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterloo ranging from $595 to $2,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterloo ranges from $595 to $2,800 with an average monthly rent of $1,299.

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.