Cheap Apartments for Rent in Waverly, KS from $400 (39 Rentals)

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

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.

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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.

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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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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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Showing Results 1-39, Page 1 of 1

Waverly, KS Local Guide

Cheapest Available Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waverly, KS is a Studio unit found at Parkview priced from $400. 811 State St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $525. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
ParkviewStudioStudio,1BA$400
811 State St2x2S2BR,2BA$525
Courtyard Apartments2 Bedroom 1 Bathroom2BR,1BA$525
Terra Park Apartments1 Bedroom 1 Bathroom - Terra Park1BR,1BA$551
Red Hawk Apartments1BR/1.0BA1BR,1BA$585
Bluestem ApartmentsTwo Bedroom2BR,1BA$600
Meadowlark Apartments1 Bed 1 Bath Remodeled1BR,1BA$608
White Lakes PlazaOne Bedroom One Bathroom1BR,1BA$685
Four Seasons0X1-ERStudio,1BA$708
Brookfield Apartments & Townhomes2BR2BR,1BA$837

Best Value Apartments for Rent in Waverly, KS and Nearby

As of May 26, 2026 the best value apartment in the Waverly area is the $0.50 price per square foot 4x4.5 Townhome Model at The Collective at Lawrence in the in the Centennial neighborhood starting from $845. The second greatest value Waverly apartment is the 3BR2B Model at Riverview Condominiums starting at $1,125 with a $0.85 price per square foot . 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.
The Collective at Lawrence4x4.5 Townhome4BR,4.5BA$0.50
Riverview Condominiums3BR2B3BR,2BA$0.85
Montara Village3 Bed/1 Bath Duplex W/ Basement3BR,1BA$1.00
Park 25 Apartments2 Bed - 2 Bath | 1104 sq. ft.2BR,2BA$1.00
Brookfield Apartments & Townhomes2BR2BR,1BA$0.91
811 State St2x2M2BR,2BA$0.86
Bluestem ApartmentsTwo Bedroom2BR,1BA$0.75
White Lakes PlazaOne Bedroom One Bathroom1BR,1BA$0.91
Meadowlark Apartments1 Bed 1 Bath Remodeled1BR,1BA$0.89
Courtyard Apartments2 Bedroom 1 Bathroom2BR,1BA$1.00

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.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 Parkview listed at $400.

How much is rent for a Cheap One Bedroom Waverly Apartment?

The lowest price for a Cheap One Bedroom Waverly Apartment is $551 at Terra Park Apartments.

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 Courtyard Apartments.

What is the most affordable Waverly Three Bedroom Apartment?

The best deal on a cheap Waverly Three Bedroom Apartment rental is at Parkview and starts from $950.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.