
Cheap Homes for Rent near Waverly, MN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.


510 2nd St N

8551 Elm St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

303 Angel Ave SW

1402 2nd Ave S

231 Camden Ave S
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

116 Rockford Ave E
Waverly, MN Local Guide

How much does it cost to rent a home in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly 2 Bedroom Homes for Rent | $1,842 | $900 | $2,500 |
| Waverly 3 Bedroom Homes for Rent | $2,761 | $1,475 | $7,500 |
| Waverly 4 Bedroom Homes for Rent | $4,032 | $2,495 | $8,950 |
| Waverly 5 Bedroom Homes for Rent | $5,013 | $3,045 | $8,000 |
| Waverly 6 Bedroom Homes for Rent | $11,995 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Waverly
Explore Waverly
Waverly, MN Local Guide
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Cheapest Available Waverly Homes for Rent and Nearby
 The cheapest available rental home in Waverly, MN is a 4 Beds home found at 13XX Peitz Ave in the Waterford Heartland Row neighborhood priced from $2,495. 10128 45th Pl NE in the Meadow Pond neighborhood has the second lowest priced home, which is a 4 Beds rental home currently listed from $2,649. Here is today’s list of the most affordable Waverly homes for rent:
| Home Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 13XX Peitz Ave | 13XX Peitz Ave | 4BR, 2BA | $2,495 |
| 10128 45th Pl NE | 10128 45th Pl NE | 4BR, 2BA | $2,649 |
| 6351 Brighton Ave SE | 6351 Brighton Ave SE | 4BR, 2BA | $3,200 |
Best Value Homes for Rent in Waverly, MN and Nearby
As of September 22, 2026 the best value rental home in the Waverly area is the $1.11 price per square foot 6351 Brighton Ave SE Model at 6351 Brighton Ave SE in the Wright Far Western Suburbs neighborhood starting from $3,200. The second greatest value Waverly rental home is the 10128 45th Pl NE Model at 10128 45th Pl NE in the Meadow Pond neighborhood starting at $2,649 with a $1.18 price per square foot. Here is today’s list of the best values for Waverly homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6351 Brighton Ave SE | 6351 Brighton Ave SE | 4BR, 2BA | $1.11 |
| 10128 45th Pl NE | 10128 45th Pl NE | 4BR, 2.5BA | $1.18 |
| 13XX Peitz Ave | 13XX Peitz Ave | 4BR, 2BA | $1.23 |
| 1038 White Tail Ln | 1038 White Tail Ln | 3BR, 2.5BA | $1.08 |
| 1579 Serenity Ln | 1579 Serenity Ln | 3BR, 2BA | $1.80 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waverly, MN Rentals by Map
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 $3,890. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $900 to $11,995.
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 $11,995 with an average monthly rent of $3,390.
How much are larger Three and Four Bedroom Rentals in Waverly?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waverly range from $1,230 to $3,890, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,249.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.