108 5th St NE
WaverlyIA50677
Cheap Homes for Rent in Waverly, IA from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
1315 State St
Cedar FallsIA50613
1254 W Mullan Ave
WaterlooIA50701
1918 Olive St
Cedar FallsIA50613
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.
403 W 6th St
Cedar FallsIA50613
205 Maplewood St
WaterlooIA50703
1120 Washington St
Cedar FallsIA50613
1124 Kern St
WaterlooIA50703
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.
213 Cottage St
WaterlooIA50703
Showing Results 1-9, Page 1 of 1
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 | $1,042 | $775 | $1,320 |
| Waverly 3 Bedroom Homes for Rent | $1,466 | $1,000 | $2,290 |
| Waverly 4 Bedroom Homes for Rent | $1,600 | $725 | $2,200 |
| Waverly 5 Bedroom Homes for Rent | $2,200 | $1,700 | $2,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Waverly
Explore Waverly
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 Residences on College Hill in the Downtown Cedar Falls neighborhood priced from $350. Gold Falls Villa Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. 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 | 4 Bed 1 Bath Apartment | 4BR,1BA | $350 |
| Gold Falls Villa Apartments | 1 BR/ 1 Bath Remodeled | 1BR,1BA | $745 |
| Kent Circle | Updated Cozy 1 Bedroom / 1 Bath Apartment in SW... | 1BR,1BA | $760 |
Best Value Apartments for Rent in Waverly, IA and Nearby
As of April 22, 2026 the best value apartment in the Waverly area is the $1.02 price per square foot Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... Model at Pineview Place Apartments in the starting from $1,220. The second greatest value Waverly apartment is the 1st Month Free Model at Riverwalk Residences starting at $1,250 with a $1.19 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. |
|---|---|---|---|
| Pineview Place Apartments | Beautiful HUGE 3 Bedroom/2 Bath Apartment in Gr... | 3BR,2BA | $1.02 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Rolling Meadows Apartments | 3 bedroom/2bath | 3BR,2BA | $0.96 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Cedar Village Community | 2 Bed 1 Bath | 2BR,1BA | $1.08 |
| Residences on College Hill | 4 Bed 1 Bath Apartment | 4BR,1BA | $0.39 |
| Thunder Ridge Apartments | Conveniently Located 2 Bedroom/1 Bathroom Apart... | 2BR,1BA | $1.34 |
| Leavitt Park Apartments - Waterloo, IA | ***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ... | 2BR,1BA | $1.31 |
| Union at North Crossing | 1 Bed 1 Bath | 1BR,1BA | $1.23 |
| University Manor | 1 BR/ 1 BA (NOW ) | 1BR,1BA | $1.34 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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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!
Explore Waverly, IA Rentals by Map
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 $460 to $2,700. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $725 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 $725 to $2,800 with an average monthly rent of $1,416.
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 $2,700, 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 $460.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.