1918 Olive St
Cedar FallsIA50613
Cheap Homes for Rent in Waverly, IA from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
538 Sherman Ave
WaterlooIA50703
603 Iowa 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.
close
View Me
$9502 Bedroom Apartments Available Now
92 5th Ave NW, Unit #3
92 5th Ave NWWaverly, IA 50677
604 W Seerley Blvd
Cedar FallsIA50613
32506 320th St
New HartfordIA50660
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.
Showing Results 1-6, 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 | $1,327 | $850 | $2,000 |
| Waverly 3 Bedroom Homes for Rent | $1,649 | $1,250 | $2,200 |
| Waverly 4 Bedroom Homes for Rent | $1,680 | $1,100 | $2,700 |
| Waverly 5 Bedroom Homes for Rent | $2,250 | $1,700 | $2,800 |
Browse Top Homes for Rent in Waverly
Explore 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 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 $652. 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 | $652 |
| 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 June 06, 2026 the best value apartment in the Waverly area is the $0.99 price per square foot Pointe West - 2-bedroom apartments Model at Pointe West Apartments in the starting from $1,090. The second greatest value Waverly apartment is the 4BR/1.0BA Model at 2311 Olive Street starting at $1,195 with a $1.09 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. |
|---|---|---|---|
| Pointe West Apartments | Pointe West - 2-bedroom apartments | 2BR,2BA | $0.99 |
| 2311 Olive Street | 4BR/1.0BA | 4BR,1BA | $1.09 |
| Hillcrest Park Apartments-Student Housing | 4BR/2BA | 4BR,2BA | $0.42 |
| Riverwalk Residences | 1st Month Free | 2BR,2BA | $1.19 |
| Kinsale Condominiums | Two Bedroom w/ Garage | 2BR,1BA | $1.02 |
| Cedar Village Community | 2 Bed 1 Bath | 2BR,1BA | $1.08 |
| 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 |
| Elmcrest | 2 Bedrooms | 2BR,1BA | $1.38 |
| University Manor | 1 BR/ 1 BA (June & Aug '25) | 1BR,1BA | $1.27 |
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.
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.
Let everyone know!
Do you know the Waverly area?
If you’re an expert on all things Waverly, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 55 Apartments for Rent in Waverly, IA with pricing that ranges from $460 to $2,400. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $750 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 $750 to $2,800 with an average monthly rent of $1,531.
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 $1,250 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,100 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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.