Cheap Homes for Rent in Waverly, IA from $900 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-14, Page 1 of 1

Waverly, IA Local Guide

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 ListingModel NameBed/BathPriced From
Residences on College HillPrivate 1-Bedroom Apartment in a Spacious 4-Bed...4BR,1BA$295
Russell LamsonStudioStudio,1BA$675
1106-1110 Kent CircleUpdated Cozy 1 Bedroom / 1 Bath Apartment in SW...1BR,1BA$750
University Manor1 BR/ 1 BA (Sept'25 )1BR,1BA$770
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$800

Best Value Apartments for Rent in Waverly, IA and Nearby

As of June 22, 2025 the best value apartment in the Waverly area is the $1.41 price per square foot Pinnacle Villages - Waverly Model at Pinnacle Villages - Waverly in the starting from $1,690. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle Villages - WaverlyPinnacle Villages - Waverly3BR,2.5BA$1.41
Riverwalk Residences1st Month Free2BR,2BA$1.23
Pineview Place ApartmentsPrime Waterloo Living: 2-Bedroom / 1-Bath Apart...2BR,1BA$1.03
Kinsale CondominiumsTwo Bedroom w/ Garage2BR,1BA$1.00
Le Chateau2BR/1.5BA2BR,1.5BA$0.90
Residences on College HillLarge 4-Bedroom Apartment, Perfect for Roommate...4BR,1BA$1.33
Leavitt Park Apartments - Waterloo, IA2 Bed 1 Bath | Leavitt Park Apartments2BR,1BA$1.28
Union at North Crossing1 Bed 1 Bath1BR,1BA$1.30
University Manor1 BR/ 1 BA (Sept '25 )1BR,1BA$1.26
Rolling Meadows Apartments- 1 Bedroom/1 Bath Apartment in Excellent Loca...1BR,1BA$1.40

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Waverly

What type of rentals are currently available in Waverly?

There are currently 46 Apartments for Rent in Waverly, IA with pricing that ranges from $295 to $3,433. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $990 to $3,433.

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 $990 to $3,433 with an average monthly rent of $1,774.

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 $1,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $990 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $295.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.