Cheap Apartments for Rent in Waterville, IA from $400 (22 Rentals)

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

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Waterville, IA Local Guide

Cheapest Available Waterville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterville, IA is a 2 Beds unit found at PDC Cottages priced from $573. Main Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here is today’s list of the most affordable Waterville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
PDC Cottages2 Bedroom 30%2BR,1BA$573
Main Street Apartments1 Bedroom, 1 Bath1BR,1BA$729
Gund Brewery LoftsStudioStudio,1BA$790
Grand River StationOne-Bedroom Affordable1BR,1BA$800
Cliffside ApartmentsOne Bedroom1BR,1BA$829

Best Value Apartments for Rent in Waterville, IA and Nearby

As of March 26, 2025 the best value apartment in the Waterville area is the $1.13 price per square foot 3 Bedroom Townhome Model at 5th Ward Residences in the starting from $1,632. The second greatest value Waterville apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,370 with a $1.14 price per square foot . Here is today’s list of the best values for Waterville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5th Ward Residences3 Bedroom Townhome3BR,2BA$1.13
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.14
The Driftless Apartments2 Bed 2 Bath (ages 55+) - 80% Income Limit2BR,2BA$1.39
Valley View TownhomesOne Bedroom Plus Den1BR,1BA$1.07
Arrowhead Apartments & TownhomesC-42BR,1BA$1.16
PDC Cottages1 Bedroom 80%1BR,1BA$0.94
Main Street Apartments1 Bedroom, 1 Bath w/ Den1BR,1BA$0.95
Prairie Bluff Apartments1B/1B1BR,1BA$1.31
Cliffside ApartmentsOne Bedroom1BR,1BA$1.38
Gund Brewery LoftsStudioStudio ,1BA$1.39

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waterville, IA Rentals by Map

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See the most popular apartments and homes in Waterville, IA

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Getting Around Waterville, IA

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

8 / 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 Waterville Apartments

What is the Cheapest Studio apartment in Waterville?

Currently the most affordable Cheap Studio Apartment in Waterville is at Gund Brewery Lofts listed at $790.

How much is rent for a Cheap One Bedroom Waterville Apartment?

The lowest price for a Cheap One Bedroom Waterville Apartment is $729 at Main Street Apartments.

What is the lowest price for a Cheap Two Bedroom Waterville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterville is starting from $573 at PDC Cottages.

What is the most affordable Waterville Three Bedroom Apartment?

The best deal on a cheap Waterville Three Bedroom Apartment rental is at PDC Cottages and starts from $626.

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.

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.