
Cheap Apartments for Rent near Waverly, AL from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Waverly.


Timber Trail

The Quarters Auburn

Atlas at Richland Road

Woodbend Apartments

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The Reserve at Opelika

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Courtyard Apartments
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.

Oakley Cove Apartments

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Shepherds Cove Apartments

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Summer Brooke Apartments

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Auburn Flats

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Village West Apartments II

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Grayton on Dean

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Club 34
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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The Domain On Donahue

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Shelton Mill Townhomes

Paces at the Estates Apartments

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Village at Lakeside

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The Avery at Auburn

The Residences at Arbor Lake

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1322 North Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2038 Lee Rd 137

Mountain View Apartments

Chelsea

Woodland Hills

1150 Gentry Dr

1110 Chinook St

449 N Donahue Dr
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Waverly, AL Local Guide

How much does it cost to rent an apartment in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly Studio Apartments | $1,615 | $1,300 | $1,925 |
| Waverly 1 Bedroom Apartments | $1,356 | $815 | $2,308 |
| Waverly 2 Bedroom Apartments | $1,566 | $145 | $2,700 |
| Waverly 3 Bedroom Apartments | $1,795 | $709 | $3,549 |
| Waverly 4 Bedroom Apartments | $1,999 | $540 | $5,000 |
Browse Top Apartments in Waverly
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Waverly, AL Local Guide
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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 $590. Here is today’s list of the most affordable Waverly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Timber Trail | 2BRMR | 2BR,1BA | $240 |
| The Quarters Auburn | 4x4 | 4BR,4BA | $590 |
| Yugo Auburn North | 4 Bed, 3.5 Bath | 4BR,3BA | $619 |
| Atlas at Richland Road | 3BR/2.5BA - Duplex - Furnished | 3BR,2BA | $709 |
| Woodbend Apartments | 1 Bed 1 Bath | 1BR,1BA | $815 |
| The Reserve at Opelika | 1 Bed 1 Bath | 1BR,1BA | $865 |
| Courtyard Apartments | 1 Bed 1 Bath | 1BR,1BA | $920 |
| Oakley Cove Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,025 |
| Summer Brooke Apartments | one bedroom | 1BR,1BA | $1,100 |
| Auburn Flats | One Bedroom | 1BR,1BA | $1,104 |
Best Value Apartments for Rent in Waverly, AL and Nearby
As of July 12, 2026 the best value apartment in the Waverly area is the $0.57 price per square foot 4x3.5 Cottage Model at Midtown Auburn in the in the North Auburn neighborhood starting from $1,035. The second greatest value Waverly apartment is the Greenwich Model at The Standard at Auburn starting at $1,638 with a $0.93 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Midtown Auburn | 4x3.5 Cottage | 4BR,3.5BA | $0.57 |
| The Standard at Auburn | Greenwich | 5BR,5BA | $0.93 |
| Creekside of Auburn | 4 Bedroom Townhome | 4BR,4BA | $0.51 |
| The Quarters Auburn | 4x4 | 4BR,4BA | $0.42 |
| Logan Square | C2 | 3BR,3BA | $0.65 |
| Yugo Auburn North | 2 Bed, 2.5 Bath Classic | 2BR,2.5BA | $0.64 |
| 319 Bragg | 3 Bedroom 3 Bathroom C1 | 3BR,3BA | $1.11 |
| 1322 North Apartments | Renovated Three Bedroom | 3BR,2BA | $1.34 |
| Timber Trail | 2BR | 2BR,1BA | $0.84 |
| Woodbend Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.24 |
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.
Read ArticleReal 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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How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waverly, AL Rentals by Map
See the most popular apartments and homes in Waverly, AL
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 Atlas at Richland Road and starts from $709.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.