421 1st St SE
WaverlyIA50677
Cheap Apartments for Rent in Waverly, IA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Waverly.
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Rent Specials
$800 - $9751 to 3 Bedroom Apartments Available Now
Rolling Meadows Apartments
701 16th St SWWaverly, IA 50677
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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.
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$675 - $1,145Studio to 3 Bedroom Apartments Available Now
Russell Lamson
209 W 5th StWaterloo, IA 50701
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$715 - $1,2151 to 2 Bedroom Apartments Available Now
Gold Falls Villa Apartments
1824 University DrCedar Falls, IA 50613
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$7753 Bedroom Apartments Available Now
1224-1282 W Mullan Ave
1224-1282 W Mullan AveWaterloo, IA 50701
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$795Studio Apartments Available Now
228 Spaces - Furnished Micro-Living Apartments
4117 University AveCedar Falls, IA 50613
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$845 - $1,0501 Bedroom Apartments Available Now
Brentwood Estates - Furnished & Unfurnished
123 Brentwood DrCedar Falls, IA 50613
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$850 - $1,200Studio to 1 Bedroom Apartments Available Now
Falls Edge Studios
4711 University AveCedar Falls, IA 50613
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$895 - $1,2001 to 2 Bedroom Apartments Available Now
Thunder Ridge Apartments
2206 Thunder Ridge BlvdCedar Falls, IA 50613
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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$900 - $1,2331 to 3 Bedroom Apartments Available Now
Union at North Crossing
3330 E 4th StWaterloo, IA 50703
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113 Maplewood St
WaterlooIA50703
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804 W 18th St
Cedar FallsIA50613
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.
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Waverly, IA Local Guide
Waverly, Iowa by Billwhittaker is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly Studio Apartments | $920 | $675 | $1,300 |
| Waverly 1 Bedroom Apartments | $1,115 | $295 | $1,800 |
| Waverly 2 Bedroom Apartments | $1,288 | $525 | $2,500 |
| Waverly 3 Bedroom Apartments | $1,231 | $775 | $1,690 |
| Waverly 4 Bedroom Apartments | $595 | $295 | $895 |
Browse Top Apartments in Waverly
See all Apartments in WaverlyExplore Waverly
Waverly, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waverly Apartments for Rent and Nearby
The cheapest available apartment rental in Waverly, IA is a 4 Beds unit found at Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $295. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Waverly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences on College Hill | Private Bedroom in a 4BR Unit-Furnished Common ... | 4BR,1BA | $295 |
| Russell Lamson | Studio | Studio,1BA | $675 |
| Gold Falls Villa Apartments | 1 BR/ 1 Bath | 1BR,1BA | $720 |
| Le Chateau | 1BR/1.0BA | 1BR,1BA | $725 |
| 1106-1110 Kent Circle | Kent Circle 1 Bed/1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Waverly, IA and Nearby
As of August 29, 2025 the best value apartment in the Waverly area is the $0.70 price per square foot 3 BR/ 1 BA Model at 1224-1282 W Mullan Ave in the in the Downtown Waterloo neighborhood starting from $775. The second greatest value Waverly apartment is the 1st Month Free Model at Riverwalk Residences starting at $1,300 with a $1.23 price per square foot in the Downtown Waterloo 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. |
|---|---|---|---|
| 1224-1282 W Mullan Ave | 3 BR/ 1 BA | 3BR,1BA | $0.70 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.23 |
| Pineview Place Apartments | 2 Bedroom/1 Bath | 2BR,1BA | $1.03 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.00 |
| 2557 W 3rd St | 2 BR/ 1 BA | 2BR,1BA | $1.18 |
| Residences on College Hill | Luxury 4-Bedroom 1-Bath Apartment! | 4BR,1BA | $1.11 |
| 1150 Home Park Blvd | 2BR/1.0BA | 2BR,1BA | $1.09 |
| University Manor | 1 BR/ 1 BA (Sept '25 ) | 1BR,1BA | $1.26 |
| Le Chateau | 1BR/1.0BA | 1BR,1BA | $1.20 |
| Gold Falls Villa Apartments | 1 BR/ 1 Bath | 1BR,1BA | $1.20 |
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Best Local Schools in Waverly, IA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Waverly, IA
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
46 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Russell Lamson listed at $675.
How much is rent for a Cheap One Bedroom Waverly Apartment?
The lowest price for a Cheap One Bedroom Waverly Apartment is $295 at Residences on College Hill.
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 $525 at Residences on College Hill.
What is the most affordable Waverly Three Bedroom Apartment?
The best deal on a cheap Waverly Three Bedroom Apartment rental is at 1224-1282 W Mullan Ave and starts from $775.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.