Cheap Homes for Rent in Waverly, MD from $400 (112 Rentals)

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

property at 428 N Lakewood Ave

$550 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$550 - $800
Total Monthly Price
$550 - $800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

428 N Lakewood Ave

BaltimoreMD21224

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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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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Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

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property at 646 W Conway St

$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230

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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property at 1012 E 36th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Townhome for Rent

Available Soon

1012 E 36th St, Unit 3

1012 E 36th St
BaltimoreMD21218
property at 6106 Maylane Dr

$770 - $850

Total Monthly Price

Total Monthly Price

Base Rent
$770 - $850
Total Monthly Price
$770 - $850

1 Bedroom, 1 Bath Townhome for Rent

Available Soon

6106 Maylane Dr

BaltimoreMD21212

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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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 Studio unit found at Parkside Gardens Apartments and Townhouses in the Patterson Place neighborhood priced from $730. Goodnow Hill and Franconia Apartments in the Morgan State University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $765. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parkside Gardens Apartments and TownhousesStudio apartmentStudio,1BA$730
Goodnow Hill and Franconia Apartments1 bedroom Junior apartment1BR,1BA$765
Penn Square I1 Bedroom/1 Bath A1BR,1BA$797
Oak Hill Townhomes0BR/1.0BAStudio,1BA$825
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
HI-1001 W Lafayette Ave1/11BR,1BA$900
22 LightOne Bedroom1BR,1BA$915

Best Value Apartments for Rent in Waverly, MD and Nearby

As of April 01, 2026 the best value apartment in the Waverly area is the $0.96 price per square foot 1005 N Arlington Ave Model at 1005 N Arlington Ave, Unit Arlington A in the in the Inner Harbor neighborhood starting from $2,400. The second greatest value Waverly apartment is the 2026 Druid Hill Ave Model at 2026 Druid Hill Ave, Unit Unit 2 starting at $1,950 with a $0.85 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.
1005 N Arlington Ave, Unit Arlington A1005 N Arlington Ave4BR,3BA$0.96
2026 Druid Hill Ave, Unit Unit 22026 Druid Hill Ave3BR,3BA$0.85
HH Cresmont4 Bedroom / 2 Bathrooms (leased per bedroom)4BR,2BA$0.66
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
1720 McCulloh St, Unit 41720 McCulloh St1BR,1BA$0.85
1718 McCulloh St, Unit 11718 McCulloh St1BR,1BA$0.95
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
HI-1001 W Lafayette Ave1/11BR,1BA$1.13
20 N Carey St, Unit 320 N Carey StStudio ,1BA$1.13
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Beyond the Classroom: Discovering Baltimore's Best Student Friendly Neighborhoods

Baltimore Student Housing - Find your perfect rental! Explore top neighborhoods near Baltimore colleges & universities for vibrant student living.

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Quick Rent Budget Calculator

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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!

Explore Waverly, MD Rentals by Map

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Frequently Asked Questions about Waverly

What type of rentals are currently available in Waverly?

There are currently 1760 Apartments for Rent in Waverly, MD with pricing that ranges from $500 to $8,213. There are also 592 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $475 to $6,000.

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 $475 to $6,000 with an average monthly rent of $1,842.

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 $1,040 to $4,715, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $3,950. Four Bedroom Single-Family rentals are also available starting from $600 and Four Bedroom Apartments start at $1,059.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.