8330 Cedar St
RockfordMN55373
Cheap Homes for Rent in Waverly, MN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
211 Canal Dr
RockfordMN55373
11448 Town Center Dr
Saint MichaelMN55376
438 Lake Trail
WinstedMN55395
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.
416 S Olive St
WaconiaMN55387
401 7th Ave S
BuffaloMN55313
604 White St SW
WatertownMN55388
1026 White Tail Ln
MontroseMN55363
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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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 | $1,724 | $900 | $2,727 |
| Waverly 3 Bedroom Homes for Rent | $2,508 | $1,789 | $7,500 |
| Waverly 4 Bedroom Homes for Rent | $3,928 | $2,300 | $8,700 |
| Waverly 5 Bedroom Homes for Rent | $4,750 | $3,500 | $6,000 |
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
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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 $975. 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 Subsidized units | 1BR,1BA | $675 |
| Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $975 |
| Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
Best Value Apartments for Rent in Waverly, MN and Nearby
As of December 10, 2025 the best value apartment in the Waverly area is the $1.32 price per square foot 2 Bedroom 2 Bathroom +DEN Model at Pintail Ponds Apartment Homes in the in the Clemens Munsinger Gardens neighborhood starting from $1,655. The second greatest value Waverly apartment is the 2 Bedroom + Den Model at The Bluffs starting at $1,484 with a $1.48 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. |
|---|---|---|---|
| Pintail Ponds Apartment Homes | 2 Bedroom 2 Bathroom +DEN | 2BR,2BA | $1.32 |
| The Bluffs | 2 Bedroom + Den | 2BR,1BA | $1.48 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.25 |
| Monticello Village | B3 | 2BR,2BA | $1.53 |
| Village Place Apartments 55+ | 2 Bedroom | 2BR,1BA | $1.59 |
| Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.13 |
| Marywood Apartments | Two Bed/One Bath | 2BR,1BA | $1.51 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
| Shoreline Place | 2 bed / 1 ba (updated) | 2BR,1BA | $1.60 |
| Howard Lake Apartments | 1 Bed Subsidized units | 1BR,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.
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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.
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Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 53 Apartments for Rent in Waverly, MN with pricing that ranges from $675 to $3,569. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $900 to $8,700.
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 $8,700 with an average monthly rent of $3,227.
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 $1,350 to $3,569, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,789 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,895.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.