1021 N Walnut St
LansingMI48906
Cheap Homes for Rent near Waverly, MI from $750 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
917 Seymour Ave
LansingMI48906
1016 N Capitol Ave
LansingMI48906
220 W Lapeer St
LansingMI48933
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1222 Parkview St
LansingMI48912
412 W César E. Chávez Ave
LansingMI48906
3407 W Mt Hope Ave
LansingMI48911
801 N Capitol Ave
LansingMI48906
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.
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Waverly, MI Local Guide
Classic Camaro by Scott Calleja is licensed under CC BY 2.0
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Cheapest Available Waverly Apartments for Rent and Nearby
The cheapest available apartment rental in Waverly, MI is a 1 Bed unit found at Windemere Apartments in the North Lansing neighborhood priced from $734. Colonial Place Apartments in the Downtown Lansing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Waverly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windemere Apartments | 1 Bed, 1 bath | 1BR,1BA | $734 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $750 |
| Shiawassee Apartments | Studio | One Bath | Studio,1BA | $750 |
Best Value Apartments for Rent in Waverly, MI and Nearby
As of August 22, 2026 the best value apartment in the Waverly area is the $0.96 price per square foot Three Bedroom Model at Cambridge Manor in the in the Lansing Eaton neighborhood starting from $1,395. The second greatest value Waverly apartment is the Two Bed | Two Bath | $500 Off Move-In Costs! Model at Potomac Village starting at $1,200 with a $1.20 price per square foot in the Lansing Eaton 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. |
|---|---|---|---|
| Cambridge Manor | Three Bedroom | 3BR,2BA | $0.96 |
| Potomac Village | Two Bed | Two Bath | $500 Off Move-In Costs! | 2BR,1BA | $1.20 |
| The "Wave" | Two Bedroom Premium | 2BR,1BA | $1.08 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Skyline Apartments | Two Bed | One Bath | First Month's Rent FREE! | 2BR,1BA | $1.41 |
| Covington Woods 55+ Living | 2 Bedroom (Small) | 2BR,1BA | $1.29 |
| Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
| Abigail Senior | The Phebe 60% | 1BR,1BA | $1.20 |
| Delta Square Apartments - Lansing, MI | 1 Bedroom / 1 Bathroom | 1BR,1BA | $1.31 |
| Windemere Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.30 |
Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 30 Apartments for Rent in Waverly, MI with pricing that ranges from $479 to $2,723. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $750 to $2,750.
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 $1,290 to $2,015, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,135 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,725.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.