Cheap Apartments for Rent in the Waverly Neighborhood of Columbia, SC from $700 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waverly area of Columbia.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Palms on Main
Rent Specials
$1,242 - $2,371
Total Monthly Price

Total Monthly Price

Base Rent
$1,242 - $2,371
Total Monthly Price
$1,242 - $2,371
1 to 2 Bedroom Apartments Available Now

The Palms on Main

1155 Lady StColumbia, SC 29201
Furnished
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property at 1600 Park Cir

$850 - $1,680

1 To 2 Bedroom Rentals

Available Now

1600 Park Cir

ColumbiaSC29201

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property at 2009 Greene St

$1,050 - $1,800

1 To 2 Bedroom Rentals

Available Now

2009 Greene St

ColumbiaSC29205
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2411 Blossom St
Studio to 3 Bedroom Apartments

2411 Blossom St

2411 Blossom StColumbia, SC 29205
Student Housing
  • Utilities Included
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801 King St
2 Bedroom Apartments

801 King St

801 King StColumbia, SC 29205

Local Expert's Top 8: Affordable Columbia, SC Neighborhoods for Quality Living

Moving to Columbia, SC? Explore 8 affordable neighborhoods to rent that are known for strong schools, convenient shopping, and easy access to local natural highlights like Lake Murray.

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Showing Results 1-38, Page 1 of 1

Cheapest Available Waverly Apartments for Rent

 

The cheapest available apartment rental in the Waverly area of Columbia, SC is a Studio unit found at The Dylan priced from $750. Cornell Arms Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Waverly apartments for rent in Columbia, SC:

Apartment ListingModel NameBed/BathPriced From
The DylanA50Studio,1BA$750
Cornell Arms ApartmentsStudio One BedroomStudio,1BA$950
Main Street LivingBarringer: StudioStudio,1BA$1,010
Hub Columbia4x34BR,3BA$1,070
1321 Lofts1 Bedroom 1 Bath1BR,1BA$1,113
The Carolinian2 Bedroom 1 Bath2BR,1BA$1,250
Senate PlazaStudioStudio,1BA$1,350
Hampton House1 Bedroom without Balcony1BR,1BA$1,350
The Land Bank Loft ApartmentsThe Adams1BR,1BA$1,499

Best Value Apartments for Rent in Waverly, SC

As of May 03, 2026 the best value apartment in the Waverly area is the $0.90 price per square foot 4x4 Oasis Model at Hub Columbia in the in the Waverly neighborhood starting from $1,260. The second greatest value Waverly apartment is the 2A Model at The Palms on Main starting at $2,371 with a $2.16 price per square foot in the Waverly neighborhood. Here is today’s list of the best values for Waverly apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hub Columbia4x4 Oasis4BR,4BA$0.90
The Palms on Main2A2BR,2BA$2.16
The Carolinian2 Bedroom 1 Bath2BR,1BA$1.39
The Lady6E1BR,1BA$2.42
2446 Washington St, Unit 2446 Washington Street2446 Washington St1BR,1BA$2.00
The Land Bank Loft ApartmentsThe Adams1BR,1BA$2.21
Hampton House1 Bedroom with Balcony1BR,1BA$2.23
Devine DistrictT-1SStudio ,1BA$2.70
Main Street LivingBarringer: StudioStudio ,1BA$2.38
Cornell Arms ApartmentsStudio One BedroomStudio ,1BA$2.60

Frequently Asked Questions about Cheap Waverly Apartments

What is a cheap apartment in Waverly?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waverly is under $1,499.

What is the price of a cheap apartment in Waverly?

The cheapest apartment in Waverly is 1321 Lofts which is listed at $1,113, while the average apartment in Waverly costs $3,474.

What types of apartments are the cheapest in Waverly?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 35 regular apartments in Waverly that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Local Experts Top 8: Affordable Columbia, SC Neighborhoods for Quality Living article

Local Experts Top 8: Affordable Columbia, SC Neighborhoods for Quality Living

Written by: Kama Offenberger

I'm Kama, the ApartmentHomeLiving.com Local Expert for Columbia, South Carolina.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.