Cheap Apartments for Rent in Waverly, MN from $600 (51 Rentals)

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

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The Bluffs
$1,120 - $1,523
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,105 - $1,508
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Bluffs

700 7th St EMonticello, MN 55362
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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.

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Rivertown Apartments
$1,295 - $1,813
Total Monthly Price

Total Monthly Price

Base Rent
$1,276 - $1,794
Required Monthly Fees
$19
Total Monthly Price
$1,295 - $1,813
Studio to 2 Bedroom Apartments Available Now

Rivertown Apartments

212 Locust StMonticello, MN 55362
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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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The Otto
Rent Specials
$1,364 - $2,396
Total Monthly Price

Total Monthly Price

Base Rent
$1,356 - $2,388
Required Monthly Fees
$8
Total Monthly Price
$1,364 - $2,396
1 to 2 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
Luxury
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The Dylan Apartments
$1,432 - $2,379
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,417 - $2,364
Required Monthly Fees
$15
Total Monthly Price
$1,432 - $2,379
Studio to 3 Bedroom Apartments Available Now

The Dylan Apartments

11910 Town Center drSaint Michael, MN 55376
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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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Monticello Crossings
$1,456 - $3,021
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,010
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Monticello Crossings

2205 Meadow Oak AveMonticello, MN 55362
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The Uptown Apartments
$1,605 - $2,260
Total Monthly Price

Total Monthly Price

Base Rent
$1,545 - $2,200
Required Monthly Fees
$60
Total Monthly Price
$1,605 - $2,260
1 to 2 Bedroom Apartments Available Jul 8

The Uptown Apartments

233 S Olive StWaconia, MN 55387
Senior Living
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Wilford - NOW OPEN!
$1,623 - $3,218
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550 - $3,145
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Wilford - NOW OPEN!

140 S Elm StWaconia, MN 55387
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Juniper
Rent Specials
$1,683 - $3,318
Total Monthly Price

Total Monthly Price

Base Rent
$1,660 - $3,295
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
Furnished
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Linden Wood Apartments
1 to 2 Bedroom Apartments

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
Senior Living
  • Utilities Included
property at 8330 Cedar St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

8330 Cedar St

RockfordMN55373
property at 54 Birch Ave S

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Condo for Rent

Available Now

54 Birch Ave S

Maple LakeMN55358
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included

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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9080 County Road 50
Studio to 2 Bedroom Apartments

9080 County Road 50

9080 County Road 50Rockford, MN 55373
  • 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
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388
property at 60 Birch Ave S

$1,240

Total Monthly Price

Total Monthly Price

Base Rent
$1,240
Total Monthly Price
$1,240

2 Bedroom, 1 Bath Condo for Rent

Available Now

60 Birch Ave S

Maple LakeMN55358
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3rd Ave Apartments
1 Bedroom Apartments

3rd Ave Apartments

1009 3rd Ave NEBuffalo, MN 55313
  • Utilities Included
property at 4470 Denbigh Rd

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

3 Bedroom, 1 Bath Townhome for Rent

Available Aug 12

4470 Denbigh Rd

MoundMN55364
property at 301 3rd St E

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675
Total Monthly Price
$1,675

2 Bedroom, 1 Bath Home for Rent

Available Now

301 3rd St E

MonticelloMN55362

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Evergreen Square Apartments in the Willow Glen Carriage neighborhood priced from $1,089. Riverwalk Apartments in the Highland Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Evergreen Square Apartments1 bedroom1BR,1BA$1,089
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Winsted Fields ApartmentsC-2 ADA1BR,1BA$1,125
Westcello Apartments2 Bed/1 Bath2BR,1BA$1,150
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Dockside Apartments & Boat Slips - Lake MinnetonkaThe Marina1BR,1BA$1,205
Block 52StudioStudio,1BA$1,265
Rivertown ApartmentsBaltimore - CONTACT FOR AVAILABILITYStudio,1BA$1,295
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1,330

Best Value Apartments for Rent in Waverly, MN and Nearby

As of June 14, 2026 the best value apartment in the Waverly area is the $1.64 price per square foot C2 Model at Monticello Crossings in the in the Clemens Munsinger Gardens neighborhood starting from $2,316. The second greatest value Waverly apartment is the 2 Bedroom 2 Bathroom Model at Pintail Ponds Apartment Homes starting at $1,600 with a $1.52 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.
Monticello CrossingsC23BR,2BA$1.64
Pintail Ponds Apartment Homes2 Bedroom 2 Bathroom2BR,2BA$1.52
Evergreen Square Apartments2 bedroom 1 bath2BR,1BA$1.41
The Bluffs2 Bedroom2BR,1BA$1.45
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Village Place Apartments of BuffaloTwo Bedroom2BR,2BA$1.58
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1.58
Westcello Apartments2 Bed/1 Bath2BR,1BA$1.40
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1.64

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

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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 Block 52 listed at $1,265.

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

The lowest price for a Cheap One Bedroom Waverly Apartment is $1,089 at Evergreen Square 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 $1,150 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 Evergreen Square Apartments and starts from $1,469.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.