Cheap Apartments for Rent in Waverly, MN from $600 (21 Rentals)

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

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The Bluffs
$1,078 - $1,488
Total Monthly Price

Total Monthly Price

Base Rent
$1,059 - $1,469
Required Monthly Fees
$19
Total Monthly Price
$1,078 - $1,488
1 to 2 Bedroom Apartments Available Now

The Bluffs

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

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
Senior Living
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

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

Deer Run Apartments

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

Vista Ridge

861 Vista BlvdWaconia, MN 55387
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
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Showing Results 1-21, Page 1 of 1

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 $975. 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$975
Shoreline Place2 bed / 1 ba2BR,1BA$1,059
The Bluffs1 Bedroom - Jefferson - CONTACT FOR AVAILABILITY1BR,1BA$1,078
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,120

Best Value Apartments for Rent in Waverly, MN and Nearby

As of October 27, 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 $1,488 with a $1.49 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$1.49
Evergreen Square Apartments3 bedroom3BR,1BA$1.40
Monticello VillageB32BR,2BA$1.56
Village Place Apartments 55+2 Bedroom2BR,1BA$1.59
Westcello Apartments2 Beds, 1 bath2BR,1BA$1.13
Marywood ApartmentsTwo Bed/One Bath2BR,1BA$1.51
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1.58
Howard Lake Apartments1 Bed1BR,1BA$1.40

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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 Rivertown Residential Suites listed at $1,252.

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 $795 at Howard Lake 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 $1,399.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.