
Cheap Homes for Rent in Waverly, KY from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.


10455 Old Hwy 62 E

1231 Culver Ave

1207 Tree Top Ln

896 Claymark Way

605 W Michigan St

1609 Rheinhardt Ave
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.

437 S Bosse Ave

408 S Bosse Ave

1021 Jefferson Ave

512 S Lincoln Park Dr

640 Jefferson Ave

213 Taylor Ave

1004 N Governor St
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.

924 SE 6th St

715 E Riverside Dr

32 W Tennessee St

1330 SE 2nd St

1807 S Kerth Ave

1404 Delmar Ave

1604 Marbo Ave
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.
Waverly, KY Local Guide

How much does it cost to rent a home in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly 2 Bedroom Homes for Rent | $1,115 | $725 | $1,495 |
| Waverly 3 Bedroom Homes for Rent | $1,308 | $800 | $2,800 |
| Waverly 4 Bedroom Homes for Rent | $1,381 | $1,000 | $1,650 |
Browse Top Homes for Rent in Waverly
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Waverly, KY Local Guide
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Cheapest Available Waverly Apartments for Rent and Nearby
 The cheapest available apartment rental in Waverly, KY is a 1 Bed unit found at Graystone Henderson in the Henderson North End neighborhood priced from $625. Embassy Apartments in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here is today’s list of the most affordable Waverly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Graystone Henderson | 1 Bedroom | 1BR,1BA | $625 |
| Embassy Apartments | 0.1 | Studio,1BA | $660 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $725 |
| Devonshire Gardens I & II | II 1 Bed 1 Bath B | 1BR,1BA | $770 |
| Foxfire West Apartments | 1.1 | 1BR,1BA | $785 |
Best Value Apartments for Rent in Waverly, KY and Nearby
As of June 18, 2026 the best value apartment in the Waverly area is the $1.02 price per square foot 2bed2bath Model at 1210 Char Lee Dr in the in the Howell neighborhood starting from $1,280. The second greatest value Waverly apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 price per square foot in the Evansville West Side 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. |
|---|---|---|---|
| 1210 Char Lee Dr | 2bed2bath | 2BR,2BA | $1.02 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Indian Woods | The Oak | 2BR,1BA | $0.95 |
| North Park | Berkshire | 2BR,1.5BA | $1.05 |
| Colonial Manor Apartments | 2X1 | 2BR,1BA | $1.15 |
| Addison Place | St Charles | 2BR,1BA | $1.06 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Parkside Apartments | 2 Bedroom | 2BR,1BA | $1.03 |
| Abbey Court Apartments | Cambridge | 1BR,1BA | $1.15 |
| Devonshire Gardens I & II | II 1 Bed 1 Bath B | 1BR,1BA | $1.15 |
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 ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 53 Apartments for Rent in Waverly, KY with pricing that ranges from $580 to $3,420. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $550 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 $550 to $2,800 with an average monthly rent of $1,045.
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 $1,190 to $1,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.
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

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.

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.