
Cheap Apartments for Rent in Waverly, MN from $600 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Waverly.


Westcello Apartments

9080 County Road 50

Pintail Ponds Apartment Homes

Lone Oak Apartments

Prairie Village

Evergreen Square Apartments
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.

Shoreline Place

Total Monthly Price
The Bluffs

The Preserve at Pintail Ponds

Hidden Cove Apartments

Dockside Apartments on Lake Minnetonka

Maple Tree Villa Apartments
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.

The Crossings at Willems Way

Langdon Lake Apartments

Silvercrest Apartments

The Willows of Annandale

604 White St SW
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.
Waverly, MN Local Guide

How much does it cost to rent an apartment in Waverly?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Waverly Studio Apartments | $1,283 | $975 | $1,615 |
Waverly 1 Bedroom Apartments | $1,473 | $675 | $2,341 |
Waverly 2 Bedroom Apartments | $1,750 | $775 | $3,284 |
Waverly 3 Bedroom Apartments | $2,304 | $1,180 | $2,990 |
Waverly 4 Bedroom Apartments | $3,350 | $3,350 | $3,350 |
Browse Top Apartments in Waverly
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Waverly, MN Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Howard Lake Apartments | 1 Bed | 1BR,1BA | $675 |
Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $775 |
9080 County Road 50 | 2 Bedroom | 2BR,1BA | $975 |
Prairie Village | Timber Lea Terrace 2 Bedroom | 2BR,1BA | $1,015 |
Evergreen Square Apartments | 1 bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Country Club Villas | Twin Home - *Income Qualified | 2BR,2BA | $1.45 |
The Bluffs | 2 Bedroom + Den - CONTACT FOR AVAILABILITY | 2BR,1BA | $1.47 |
Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1.20 |
Evergreen Square Apartments | lg 2 bedroom | 2BR,2BA | $1.35 |
Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
Lone Oak Apartments | 2B/1B/Medium | 2BR,1BA | $1.22 |
Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.97 |
9080 County Road 50 | 2 Bedroom | 2BR,1BA | $1.15 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
Howard Lake Apartments | 1 Bed | 1BR,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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

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.

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.

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.