Cheap Homes for Rent in Waverly, MD from $400 (122 Rentals)

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Search the lowest-cost Homes 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.

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.

property at 2317 Barclay St

$700 - $850

Total Monthly Price

Total Monthly Price

Base Rent
$700 - $850

Total Monthly Price
$700 - $850

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2317 Barclay St

BaltimoreMD21218
property at 219 Penn St

$720 - $820

Total Monthly Price

Total Monthly Price

Base Rent
$720 - $820

Total Monthly Price
$720 - $820

1 Bedroom, 1 Bath Townhome for Rent

Available Now

219 Penn St

BaltimoreMD21230
property at 646 W Conway St

$750 - $765

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $765

Total Monthly Price
$750 - $765

1 Bedroom, 1 Bath Townhome for Rent

Available Now

646 W Conway St

BaltimoreMD21230

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.

property at 2926 E Fayette St

$750 - $2,650

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $2,650

Total Monthly Price
$750 - $2,650

1 To 5 Bedroom Townhomes for Rent

Available Now

2926 E Fayette St

BaltimoreMD21224
property at 1729 N Caroline St

$750 - $825

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $825

Total Monthly Price
$750 - $825

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1729 N Caroline St

BaltimoreMD21213

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.

property at 1232 W Lafayette Ave

$780 - $1,098

Total Monthly Price

Total Monthly Price

Base Rent
$780 - $1,098

Total Monthly Price
$780 - $1,098

1 Bedroom, 1 Bath Home for Rent

Available Now

1232 W Lafayette Ave

BaltimoreMD21217
property at 1715 E Oliver St

$825 - $975

Total Monthly Price

Total Monthly Price

Base Rent
$825 - $975

Total Monthly Price
$825 - $975

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1715 E Oliver St

BaltimoreMD21213

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 $695. Columbus School Limited Partnership in the Inner Harbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. 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$695
Columbus School Limited Partnership1 Bedroom/1 Bath J1BR,1BA$720
Mulberry at ParkThree Bedroom3BR,2BA$739
Willow Apartment Homes1BR/1.0BA1BR,1BA$750
Goodnow Hill and Franconia Apartments1 bedroom Junior apartment1BR,1BA$778
Penn Square I1 Bedroom/1 Bath B1BR,1BA$797
1224 St Paul St0 Beds, 1 BathsStudio,1BA$825
221-223 E Preston St0 Beds, 1 BathsStudio,1BA$850
Oak Hill Townhomes0BR/1.0BAStudio,1BA$850

Best Value Apartments for Rent in Waverly, MD and Nearby

As of July 01, 2026 the best value apartment in the Waverly area is the $0.69 price per square foot 4 Bedroom / 2 Bathrooms (leased per bedroom) Model at HH Cresmont in the in the Burleith-Leighton neighborhood starting from $1,099. The second greatest value Waverly apartment is the 1017 Hollins St Model at 1017 Hollins St starting at $1,250 with a $1.04 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.
HH Cresmont4 Bedroom / 2 Bathrooms (leased per bedroom)4BR,2BA$0.69
1017 Hollins St1017 Hollins St1BR,1BA$1.04
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
2920 E Cold Spring Ln, Unit Room for rent2920 E Cold Spring Ln4BR,1BA$0.63
1719 Saint Paul St, Unit B1719 Saint Paul St1BR,1BA$1.00
Symphony Homes at Purdue1BR/1.0BA1BR,1BA$1.04
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Renaissance at Reservoir HillOne Bedroom1BR,1BA$1.15
Willow Apartment Homes1BR/1.0BA1BR,1BA$1.01
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

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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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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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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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.

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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 1758 Apartments for Rent in Waverly, MD with pricing that ranges from $500 to $18,000. There are also 541 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $475 to $5,000.

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 $5,000 with an average monthly rent of $1,986.

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 $739 to $5,920, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $4,950. Four Bedroom Single-Family rentals are also available starting from $550 and Four Bedroom Apartments start at $700.

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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.