Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • * washer and dryer in unit
  • * outdoor parking
  • * whirlpool appliances: dishwasher, range, refrigerator, microwave

Location

48 Water Lily Dr, Bozeman, MT 59718, USA
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Management

Peak Investments LLC

Property Overview

Water Lily Apartments presents a compelling option for renters, featuring an impressive Zumper expert rating of 8.3, highlighting its excellent amenities and strategic location, with ratings of 8 and 9, respectively. With a competitive price rating of 10, it reflects strong value for money, sitting in the 71.43 percentile among similar properties. Notably, the property is pet-friendly, supported by nearby pet services, adding to its appeal for diverse lifestyles.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Water Lily Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Water Lily Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Dishwasher

Great for

  • Pet owners

Floor plans

2BR/2.0BA2 bed2 bath955 sqft$1,595 /mo1 unit available2 bedrooms and 2 bathrooms. Master bedroom with attached bath. Washer and dryer in unit. Whirlpool appliances, including dishwasher, range, refrigerator, and microwave. Patios on first floor units, balconies for second floor units. Outdoor parking Air conditioner in each unit. Water, sewer, and trash included in rent. Pets allowed with deposit and fee addendum. Security deposit: one month's rent Town & Country new location nearby. Water Lily Apartments community features nearby walking trails, playgrounds, and abundant open space. Please provide a brief summary by email of each tenant and their relationship with each other.

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Amenities for Water Lily Apartments

Appliances

DishwasherIn-Unit Laundry
Microwave

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units8
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About Water Lily Apartments

HomeApartments in Bozeman Water Lily Apartments

2 bedrooms and 2 bathrooms. Master bedroom with attached bath. Washer and dryer in unit. Whirlpool appliances, including dishwasher, range, refrigerator, and microwave. Patios on first floor units, balconies for second floor units. Outdoor parking Air conditioner in each unit. Water, sewer, and trash included in rent. Pets allowed with deposit and fee addendum. Security deposit: one month's rent Town & Country new location nearby. Water Lily Apartments community features nearby walking trails, playgrounds, and abundant open space. Please provide a brief summary by email of each tenant and their relationship with each other.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Water Lily Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Water Lily Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Water Lily Apartments
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Water Lily Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Water Lily Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Water Lily Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Water Lily Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Water Lily Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Water Lily Apartments is great for:

Pet owners

  • 1 pet hospital in the area
  • 1 pet grooming service nearby
  • 1 pet supply store near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Water Lily Apartments compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Dishwasher
Dishwasher available in kitchen

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Bozeman

2-bedroom apartments at Water Lily Apartments cost about 13% less than the average rent price for 2-bedroom apartments in Bozeman.

Median rents as of Oct 18 2025.
Bozeman
A table of studio rental data trends in Bozeman
MonthMedian Rent
November 2023$1,583
December 2023$1,468
January 2024$1,508
February 2024$1,625
March 2024$1,730
April 2024$1,700
May 2024$1,734
June 2024$1,660
July 2024$1,690
August 2024$1,870
September 2024$1,910
October 2024$1,994
November 2024$1,860
December 2024$1,703
January 2025$1,743
February 2025$1,700
March 2025$1,721
April 2025$1,826
May 2025$1,910
June 2025$1,952
July 2025$1,807
August 2025$1,744
September 2025$1,683
October 2025$1,526

Affordability calculator

Can I afford to live at 48 Water Lily Dr?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$63,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $63,800 annually to afford this 2-bedrooms monthly rent price of $1,595.
For more information on rent affordability, visit our rent calculator.

Schools near Water Lily Apartments

Meadowlark Elementary School

4415 durston

bozeman, MT, 59718

PK, K-5Public
B+
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Internet available near Water Lily Apartments

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Bozeman near 48 Water Lily Dr

Walking

4/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 48 Water Lily Dr, Bozeman

Groceries

2/10
No grocery stores within walking distance

Shopping

4/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

5/10
At least one elementary school within a 30-minute walk

High schools

4/10
No high schools within a 30-minute walk

Nightlife

4/10
Few or no bars within walking distance

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