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

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-50, Page 1 of 3

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$695
Columbus School1 bdr1BR,1BA$701
Oak Hill TownhomesStudio ApartmentStudio,1BA$830
Goodnow Hill and Franconia Apartments1 bedroom Junior apartment1BR,1BA$836
Avon1 Beds, 1 Baths1BR,1BA$850
Vivo Living BaltimoreThe Petite StudioStudio,1BA$875

Best Value Apartments for Rent in Waverly, MD and Nearby

As of September 12, 2025 the best value apartment in the Waverly area is the $0.78 price per square foot 4833 Belair Rd Model at 4833 Belair Rd, Unit 1-B in the in the Morgan State University neighborhood starting from $1,399. The second greatest value Waverly apartment is the 800 E North Ave Model at 800 E North Ave, Unit B starting at $1,750 with a $1.03 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.
4833 Belair Rd, Unit 1-B4833 Belair Rd3BR,1BA$0.78
800 E North Ave, Unit B800 E North Ave3BR,1BA$1.03
Prosper On FayetteThe Belvedere4BR,4BA$0.88
Calvert Property1BR/1.0BA1BR,1BA$1.00
Renaissance at Reservoir HillTwo Bedrooms One Bath2BR,1BA$0.81
834 N Carey St, Unit 3834 N Carey St1BR,1BA$0.85
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
Penn Square2 bdr2BR,1BA$0.80
Columbus School2 bdr2BR,1BA$1.10
Mary Harvin House1 bdr1BR,1BA$0.83

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Waverly, MD

Ranked #20

Among cities in Maryland for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Waverly, MD Rentals by Map

Decorative image of map

See the most popular apartments and homes in Waverly, MD

View Map
Waverly, MD Apartments Map
View Map
Waverly, MD Rental Homes Map

Frequently Asked Questions about Waverly

What type of rentals are currently available in Waverly?

There are currently 1747 Apartments for Rent in Waverly, MD with pricing that ranges from $695 to $7,500. There are also 531 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $550 to $5,850.

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 $5,850 with an average monthly rent of $2,063.

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 $1,085 to $5,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,895. Four Bedroom Single-Family rentals are also available starting from $910 and Four Bedroom Apartments start at $1,175.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.