8330 Cedar St
RockfordMN55373
Cheap Homes for Rent in Waverly, MN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
54 Birch Ave S
Maple LakeMN55358
604 White St SW
WatertownMN55388
60 Birch Ave S
Maple LakeMN55358
157 Mindy Ln, Unit 29
157 Mindy Ln
MontroseMN55363
4470 Denbigh Rd
MoundMN55364
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.
628 Danielson Ct
Maple LakeMN55358
322 Creekside Dr
BuffaloMN55313
763 Rockford Ave E
DelanoMN55328
860 Independence Dr
Big LakeMN55309
4165 Orleans Dr NE
Saint MichaelMN55376
424 Cedar Pl
Maple LakeMN55358
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.
Showing Results 1-12, Page 1 of 1
Waverly, MN Local Guide
Minnesota Flags by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly 2 Bedroom Homes for Rent | $1,648 | $900 | $2,900 |
| Waverly 3 Bedroom Homes for Rent | $4,009 | $1,495 | $10,000+ |
| Waverly 4 Bedroom Homes for Rent | $3,585 | $1,600 | $7,500 |
| Waverly 5 Bedroom Homes for Rent | $3,996 | $2,995 | $5,495 |
| Waverly 6 Bedroom Homes for Rent | $14,995 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen Square Apartments | 1 bedroom | 1BR,1BA | $1,089 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Winsted Fields Apartments | C-2 ADA | 1BR,1BA | $1,125 |
| Westcello Apartments | 2 Bed/1 Bath | 2BR,1BA | $1,150 |
| Lakecrest Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Waverly, MN and Nearby
As of June 22, 2026 the best value apartment in the Waverly area is the $1.59 price per square foot C2 Model at Monticello Crossings in the in the Clemens Munsinger Gardens neighborhood starting from $2,236. The second greatest value Waverly apartment is the B7 Model at Monticello Village starting at $1,681 with a $1.59 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. |
|---|---|---|---|
| Monticello Crossings | C2 | 3BR,2BA | $1.59 |
| Monticello Village | B7 | 2BR,2BA | $1.59 |
| Pintail Ponds Apartment Homes | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.52 |
| The Bluffs | 2 Bedroom + Den - Jefferson | 2BR,1BA | $1.42 |
| Evergreen Square Apartments | 2 bedroom 1 bath | 2BR,1BA | $1.41 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.44 |
| Village Place Apartments of Buffalo | Two Bedroom | 2BR,2BA | $1.58 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
| Westcello Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.40 |
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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in Waverly, MN
Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 61 Apartments for Rent in Waverly, MN with pricing that ranges from $675 to $4,010. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $900 to $14,995.
What is the current price range for Rental Homes in Waverly?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waverly ranges from $900 to $14,995 with an average monthly rent of $4,855.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.
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.
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.