Cheap Homes for Rent in Waverly, MD from $500 (127 Rentals)

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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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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 20 S Broadway

20 S Broadway

BaltimoreMD21231

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Baltimore's Best Affordable Neighborhoods

Learn about Baltimore and the best places to live with original content written by our Local Expert Sarah Bregel

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Waverly, MD Local Guide

Cheapest Available Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waverly, MD is a 1 Bed unit found at Mary Harvin House in the Inner Harbor neighborhood priced from $575. Penn Square in the Inner Harbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary Harvin House1 bdr1BR,1BA$575
Penn Square1 bdr1BR,1BA$600
Parkside Gardens Apartments and TownhousesStudio apartmentStudio,1BA$656
Columbus School1 bdr1BR,1BA$662
St Paul St 8170BR/1.0BAStudio,1BA$745
Goodnow Hill and Franconia Apartments1 bedroom Junior apartment1BR,1BA$786
Avon1 Beds, 1 Baths1BR,1BA$825
Clare Court II2 Bedroom, 1.5 Bathroom2BR,1BA$843
Cathedral St 300Studio ApartmentStudio,1BA$849

Best Value Apartments for Rent in Waverly, MD and Nearby

As of June 25, 2025 the best value apartment in the Waverly area is the $1.18 price per square foot 2 Bedroom 2.5 Bath Model at The Railway Express Loft Apartments in the in the Inner Harbor neighborhood starting from $2,250. The second greatest value Waverly apartment is the Camden Model at 500 W - Located on the UMB Campus! starting at $1,220 with a $0.84 price per square foot in the Inner Harbor 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.
The Railway Express Loft Apartments2 Bedroom 2.5 Bath2BR,2.5BA$1.18
500 W - Located on the UMB Campus!Camden4BR,2BA$0.84
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
832 N Carey St, Unit 2832 N Carey St1BR,1BA$0.88
Penn Square2 bdr2BR,1BA$0.80
Clare Court II2 Bedroom, 1 Bathroom2BR,1BA$1.02
816 E Baltimore St, Unit 2816 E Baltimore StStudio ,1BA$1.13
Columbus School1 bdr1BR,1BA$0.84
Mary Harvin House1 bdr1BR,1BA$0.83

Quick Rent Budget Calculator

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Frequently Asked Questions about Waverly

What type of rentals are currently available in Waverly?

There are currently 1778 Apartments for Rent in Waverly, MD with pricing that ranges from $500 to $9,450. There are also 489 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $600 to $35,000.

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 $600 to $35,000 with an average monthly rent of $2,836.

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 $650 to $6,315, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,795. Four Bedroom Single-Family rentals are also available starting from $700 and Four Bedroom Apartments start at $750.

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.

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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.

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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.

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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.

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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.