Cheap Apartments for Rent near Waverly, AL from $540 (33 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Auburn Flats
$1,129 - $1,524
Total Monthly Price

Total Monthly Price

Base Rent
$1,129 - $1,524
Total Monthly Price
$1,129 - $1,524
1 to 3 Bedroom Apartments Available Now

Auburn Flats

2260 E University DrAuburn, AL 36830
Corporate Housing
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Grayton on Dean
$1,137 - $1,667
Total Monthly Price

Total Monthly Price

Base Rent
$1,137 - $1,667
Total Monthly Price
$1,137 - $1,667
1 to 3 Bedroom Apartments Available Now

Grayton on Dean

420 N Dean RdAuburn, AL 36830
Family Friendly
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The Domain On Donahue
$1,200 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,500
Total Monthly Price
$1,200 - $1,500
2 Bedroom Apartments Available Soon

The Domain On Donahue

1001 N Donahue DrAuburn, AL 36832
Student Housing
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  • Utilities Included
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Village at Lakeside
$1,237 - $1,676
Total Monthly Price

Total Monthly Price

Base Rent
$1,237 - $1,676
Total Monthly Price
$1,237 - $1,676
2 to 3 Bedroom Apartments Available Now

Village at Lakeside

1309 Gatewood DrAuburn, AL 36830
Corporate Housing
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Club 34
$1,250 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,550
Total Monthly Price
$1,250 - $1,550
1 to 3 Bedroom Apartments Available Now

Club 34

1000 N Donahue DrAuburn, AL 36832
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 2038 Lee Rd 137

$505

4 Bedroom, 3.5 Bath Home for Rent

Available Now

2038 Lee Rd 137

AuburnAL36832

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Chelsea
2 to 3 Bedroom Apartments

Chelsea

459 Chelsea LnSayre, PA 18840
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Woodland Hills
1 to 2 Bedroom Apartments

Woodland Hills

830 N Donahue DrAuburn, AL 36832
  • Utilities Included
property at 528 Genelda Ave

$1,200 - $1,700

1 To 2 Bedroom Rentals

Available Now

528 Genelda Ave

AuburnAL36832

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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Showing Results 1-33, Page 1 of 1

Waverly, AL Local Guide

Cheapest Available Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waverly, AL is a 2 Beds unit found at Timber Trail in the North Auburn neighborhood priced from $240. The Quarters Auburn in the North Auburn neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $695. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Timber Trail2BRMR2BR,1BA$240
The Quarters Auburn4x44BR,4BA$695
Yugo Auburn North4 Bed, 4.5 Bath Renovated4BR,4BA$699
Atlas at Richland Road3BR/2.5BA - Duplex - Furnished3BR,2BA$749
Woodbend Apartments1 Bed 1 Bath1BR,1BA$815
The Reserve at Opelika1 Bed 1 Bath1BR,1BA$885
Oakley Cove Apartments2 Beds, 1 bath2BR,1BA$1,025
Courtyard Apartments2 Bed 1 Bath2BR,1BA$1,030
Summer Brooke Apartmentsone bedroom1BR,1BA$1,100
Shepherds Cove Apartments3 Bed x 2 Bath3BR,2BA$1,135

Best Value Apartments for Rent in Waverly, AL and Nearby

As of August 26, 2026 the best value apartment in the Waverly area is the $0.58 price per square foot Sanders Model at 423 Sanders St in the in the Downtown Auburn neighborhood starting from $1,300. The second greatest value Waverly apartment is the 4 Beds, 4.5 baths Model at 406 N Donahue Dr starting at $1,300 with a $0.62 price per square foot in the Downtown Auburn 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.
423 Sanders StSanders5BR,5.5BA$0.58
406 N Donahue Dr4 Beds, 4.5 baths4BR,4.5BA$0.62
Midtown Auburn4x3.5 Cottage4BR,3.5BA$0.57
Creekside of Auburn4 Bedroom Townhome4BR,4BA$0.51
The Domain On DonahueClasTwo Bedroom Two and 1/2 Bath Premium2BR,2.5BA$0.83
Yugo Auburn North2 Bed, 2.5 Bath Classic2BR,2.5BA$0.64
The Quarters Auburn2x22BR,2BA$0.89
Shepherds Cove Apartments3 Bed x 2 Bath3BR,2BA$1.08
Timber Trail2BR2BR,1BA$0.84
Evergreen Auburn2 Bed/ 1 Bath2BR,1BA$0.96

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Waverly, AL Rentals by Map

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Frequently Asked Questions about Cheap Waverly Apartments

What is the Cheapest Studio apartment in Waverly?

Currently the most affordable Cheap Studio Apartment in Waverly is at The Residences at Arbor Lake listed at $1,300.

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

The lowest price for a Cheap One Bedroom Waverly Apartment is $815 at Woodbend Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Waverly is starting from $240 at Timber Trail.

What is the most affordable Waverly Three Bedroom Apartment?

The best deal on a cheap Waverly Three Bedroom Apartment rental is at The Quarters Auburn and starts from $725.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.