Cheap Apartments for Rent in Waverly, MN from $600 (24 Rentals)

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

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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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The Bluffs
$1,063 - $1,473
Total Monthly Price

Total Monthly Price

Base Rent
$1,059 - $1,469
Required Monthly Fees
$4

Total Monthly Price
$1,063 - $1,473
1 to 2 Bedroom Apartments Available Now

The Bluffs

700 7th St EMonticello, MN 55362
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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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Linden Wood Apartments
1 to 2 Bedroom Apartments

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
  • Utilities Included
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included
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Deer Run Apartments
2 to 3 Bedroom Apartments

Deer Run Apartments

650 Shoreline DrHoward Lake, MN 55349
  • Utilities Included
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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
  • Utilities Included

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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included

Waverly, MN Local Guide

Cheapest Available Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waverly, MN is a 1 Bed unit found at Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $675. Westcello Apartments in the Clemens Munsinger Gardens neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Howard Lake Apartments1 Bed1BR,1BA$675
Westcello Apartments2 Beds, 1 bath2BR,1BA$775
9080 County Road 502 Bedroom2BR,1BA$975
Prairie VillageTimber Lea Terrace 2 Bedroom2BR,1BA$1,015
Evergreen Square Apartments1 bedroom1BR,1BA$1,040

Best Value Apartments for Rent in Waverly, MN and Nearby

As of September 09, 2025 the best value apartment in the Waverly area is the $1.45 price per square foot Twin Home - *Income Qualified Model at Country Club Villas in the in the Clemens Munsinger Gardens neighborhood starting from $1,650. The second greatest value Waverly apartment is the 2 Bedroom + Den - CONTACT FOR AVAILABILITY Model at The Bluffs starting at $1,473 with a $1.47 price per square foot in the Clemens Munsinger Gardens 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.
Country Club VillasTwin Home - *Income Qualified2BR,2BA$1.45
The Bluffs2 Bedroom + Den - CONTACT FOR AVAILABILITY2BR,1BA$1.47
Prairie VillagePrairie Village 3 Bedroom3BR,2BA$1.20
Evergreen Square Apartmentslg 2 bedroom2BR,2BA$1.35
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Lone Oak Apartments2B/1B/Medium2BR,1BA$1.22
Westcello Apartments2 Beds, 1 bath2BR,1BA$0.97
9080 County Road 502 Bedroom2BR,1BA$1.15
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Howard Lake Apartments1 Bed1BR,1BA$1.40

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

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Getting Around Waverly, MN

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Waverly Apartments

What is the Cheapest Studio apartment in Waverly?

Currently the most affordable Cheap Studio Apartment in Waverly is at The Willows of Annandale listed at $1,195.

How much is rent for a Cheap One Bedroom Waverly Apartment?

The lowest price for a Cheap One Bedroom Waverly Apartment is $675 at Howard Lake Apartments.

What is the lowest price for a Cheap Two Bedroom Waverly Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waverly is starting from $775 at Westcello Apartments.

What is the most affordable Waverly Three Bedroom Apartment?

The best deal on a cheap Waverly Three Bedroom Apartment rental is at Prairie Village and starts from $1,180.

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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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.

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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.

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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.

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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.