128 Lafayette St
WaterlooIA50703
Cheap Homes for Rent in Waverly, IA from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
108 5th St NE, Unit Bed 1
108 5th St NE
WaverlyIA50677
307 Riehl St
WaterlooIA50703
603 Iowa St
Cedar FallsIA50613
806 Cedar River Dr NW
WaverlyIA50677
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$9502 Bedroom Apartments Available Now
92 5th Ave NW, Unit #3
92 5th Ave NWWaverly, IA 50677
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.
409 Norwood Ave
WaterlooIA50703
804 W 18th St
Cedar FallsIA50613
108 N Main St
TripoliIA50676
1603 Main St
Cedar FallsIA50613
1529 Linda Dr
Cedar FallsIA50613
1926 E 4th St
WaterlooIA50703
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.
747 Boston Ave
WaterlooIA50703
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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 a home in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly 2 Bedroom Homes for Rent | $1,124 | $725 | $1,300 |
| Waverly 3 Bedroom Homes for Rent | $1,524 | $1,000 | $2,290 |
| Waverly 4 Bedroom Homes for Rent | $1,811 | $725 | $2,700 |
| Waverly 5 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Waverly, IA Local Guide
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Cheapest Available Waverly Apartments for Rent and Nearby
The cheapest available apartment rental in Waverly, IA is a 4 Beds unit found at The Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $350. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Waverly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $350 |
| Russell Lamson | Studio | Studio,1BA | $695 |
| Le Chateau | 2BR/1.5BA | 2BR,1BA | $795 |
| University Manor | 1 BR/ 1 BA (Aug '25) | 1BR,1BA | $815 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Waverly, IA and Nearby
As of July 22, 2026 the best value apartment in the Waverly area is the $1.23 price per square foot Palace Apartments - Two Bedrooms Model at Palace Apartments in the starting from $1,600. The second greatest value Waverly apartment is the 4BR/2BA Model at Hillcrest Park Apartments-Student Housing starting at $552 with a $0.50 price per square foot . 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. |
|---|---|---|---|
| Palace Apartments | Palace Apartments - Two Bedrooms | 2BR,1BA | $1.23 |
| Hillcrest Park Apartments-Student Housing | 4BR/2BA | 4BR,2BA | $0.50 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Rolling Meadows Apartments | 3 bedroom/2bath | 3BR,2BA | $0.96 |
| Pineview Place Apartments | Prime Waterloo Living: 2-Bedroom / 1-Bath Apart... | 2BR,1BA | $1.05 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| Cedar Village Community | 2 Bed 1 Bath | 2BR,1BA | $1.08 |
| The Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $0.39 |
| 807 5th St NW, Unit 2B | 807 5th St NW | 2BR,1BA | $0.93 |
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 Article
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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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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See the most popular apartments and homes in Waverly, IA
Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 56 Apartments for Rent in Waverly, IA with pricing that ranges from $552 to $2,500. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $700 to $2,800.
What is the current price range for Rental Homes in Waverly?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waverly ranges from $700 to $2,800 with an average monthly rent of $1,591.
How much are larger Three and Four Bedroom Rentals in Waverly?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waverly range from $975 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,290. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $552.
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
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.
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.