4407 Wilshire Blvd
MoundMN55364
Cheap Homes for Rent in Waverly, MN from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.
157 Mindy Ln
MontroseMN55363
4474 Denbigh Rd
MoundMN55364
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.
636 Danielson Ct
Maple LakeMN55358
409 2nd Ave NW
BuffaloMN55313
9219 Overlook Ln
MonticelloMN55362
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 | $1,926 | $1,350 | $2,712 |
| Waverly 3 Bedroom Homes for Rent | $3,845 | $1,495 | $10,000+ |
| Waverly 4 Bedroom Homes for Rent | $3,625 | $1,650 | $8,700 |
| Waverly 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Waverly 6 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
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 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 |
| Solace on Lake Minnetonka | Harrison | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Waverly, MN and Nearby
As of January 25, 2026 the best value apartment in the Waverly area is the $1.52 price per square foot 2 Bedroom 2 Bathroom Model at Pintail Ponds Apartment Homes in the in the Clemens Munsinger Gardens neighborhood starting from $1,600. The second greatest value Waverly apartment is the 2 Bedroom + Den Model at The Bluffs starting at $1,523 with a $1.52 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 | 2BR,2BA | $1.52 |
| The Bluffs | 2 Bedroom + Den | 2BR,1BA | $1.52 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,1BA | $1.52 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| 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 |
| Cottages of Annandale - 55+ Community | 1B1B | 1BR,1BA | $1.51 |
| Lakecrest Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.51 |
| 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.
Read Article
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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 59 Apartments for Rent in Waverly, MN with pricing that ranges from $675 to $3,615. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $1,300 to $10,500.
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 $1,300 to $10,500 with an average monthly rent of $2,907.
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 $3,615, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $10,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $2,500.
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
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.