AFFORDABLE RENTON APARTMENTS Studios, One, Two- And Three-Bedroom Floor Plans Enjoy all the perks of brand new apartment living, but at an affordable price point. Quartz countertops, luxury vinyl plank flooring, in-home laundry, large windows that maximize your natural light — with even more great features available in select homes. Watershed provides rent-restricted housing for residents who fall within specific income limits, based on Renton's AMI (area median income). To determine your eligibility please contact our leasing office today!