
Cheap Homes for Rent in Waverly, MN from $1,100 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.


550 6th St NW
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.

4470 Denbigh Rd

212 Beach

211 Canal Dr

206 Atlantic Ln

611 Freeman Ave S
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

11424 Town Center Dr

301 Central Ave

1236 Heather Ln
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 | $1,778 | $1,100 | $2,802 |
Waverly 3 Bedroom Homes for Rent | $2,731 | $1,495 | $7,500 |
Waverly 4 Bedroom Homes for Rent | $2,410 | $1,350 | $2,949 |
Waverly 5 Bedroom Homes for Rent | $5,966 | $2,649 | $10,000+ |
Browse Top Homes for Rent in Waverly
Explore Waverly
Waverly, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Waverly Apartments for Rent and Nearby
 The cheapest available apartment rental in Waverly, MN is a 2 Beds unit found at Westcello Apartments in the Clemens Munsinger Gardens neighborhood priced from $775. Evergreen Square Apartments in the Willow Glen Carriage neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here is today’s list of the most affordable Waverly apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $775 |
Evergreen Square Apartments | 1 bedroom | 1BR,1BA | $990 |
Lake Point South Apartments | 1 Bedroom | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Waverly, MN and Nearby
As of June 05, 2025 the best value apartment in the Waverly area is the $1.29 price per square foot 2B/1B/Large Model at Silvercrest Apartments in the in the Clemens Munsinger Gardens neighborhood starting from $1,320. The second greatest value Waverly apartment is the 2 Bedroom + Den - CONTACT FOR AVAILABILITY Model at The Bluffs starting at $1,469 with a $1.47 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. |
---|---|---|---|
Silvercrest Apartments | 2B/1B/Large | 2BR,1BA | $1.29 |
The Bluffs | 2 Bedroom + Den - CONTACT FOR AVAILABILITY | 2BR,1BA | $1.47 |
Evergreen Square Apartments | 2 bedroom | 2BR,1BA | $1.27 |
Westcello Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.97 |
Village Place Apartments 55+ | 2 Bedroom | 2BR,1BA | $1.59 |
Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.41 |
Marywood Apartments | Two Bed/One Bath | 2BR,1BA | $1.44 |
Deephaven Apartments | 1 bed 1 bath | 1BR,1BA | $1.58 |
Lake Point South Apartments | 1 Bedroom | 1BR,1BA | $1.31 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.56 |
Quick 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.
Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 49 Apartments for Rent in Waverly, MN with pricing that ranges from $775 to $3,550. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $1,100 to $15,000.
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 $1,100 to $15,000 with an average monthly rent of $3,221.
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 $1,150 to $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $2,200.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.