Cheap Apartments for Rent in Waverly, VA from $700 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waverly.

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.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Windham Hills
2 Bedroom Apartments

Windham Hills

445 Roundtop AvePetersburg, VA 23803
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Bailey's Ridge
2 to 3 Bedroom Apartments

Bailey's Ridge

4750 Baileys Ridge LnPrince George, VA 23875
  • Utilities Included
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Freedman Point
2 to 3 Bedroom Apartments

Freedman Point

315 E Cawson StHopewell, VA 23860
  • Utilities Included

Navigating 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.

property at 101 S Main St

101 S Main St

HopewellVA23860

Waverly, VA Local Guide

Cheapest Available Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waverly, VA is a Studio unit found at Union Flats in the Petersburg Chesterfield neighborhood priced from $730. Studio 622 in the Old Towne Petersburg neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union FlatsStudioStudio,1BA$730
Studio 622StudioStudio,1BA$799
Puddledock Place II1 Bed, 1 bath1BR,1BA$880
Burr Lofts1BD; 1BTH1BR,1BA$895
Jesse Lee Apartments2BR2BR,2BA$899
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$909
Tanglewood ApartmentsShirley Classic1BR,1BA$975
Twin RiversHarbor2BR,1BA$980
The Lofts at Union Pen700s - One Bedroom1BR,1BA$995
The Bosco1BR/1.0BA1BR,1BA$999

Best Value Apartments for Rent in Waverly, VA and Nearby

As of June 20, 2025 the best value apartment in the Waverly area is the $0.91 price per square foot 1BR/1.0BA Model at The Bosco in the in the Petersburg Chesterfield neighborhood starting from $999. The second greatest value Waverly apartment is the 2 BR Townhouse Model at Canterbury Townhomes starting at $1,399 with a $1.33 price per square foot in the Petersburg Prince George neighborhood. Here is today’s list of the best values for Waverly apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Bosco1BR/1.0BA1BR,1BA$0.91
Canterbury Townhomes2 BR Townhouse2BR,1.5BA$1.33
Walnut HillB12BR,2BA$1.32
Aubrey Apartments2b1b2BR,1BA$1.30
Twin RiversHarbor2BR,1BA$1.09
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.01
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Jesse Lee Apartments2BR2BR,2BA$1.08
Perry Street LoftsB12BR,2BA$1.32
Puddledock Place II1 Bed, 1 bath1BR,1BA$1.17

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waverly, VA Rentals by Map

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Getting Around Waverly, VA

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Waverly Apartments

What is the Cheapest Studio apartment in Waverly?

Currently the most affordable Cheap Studio Apartment in Waverly is at Union Flats listed at $730.

How much is rent for a Cheap One Bedroom Waverly Apartment?

The lowest price for a Cheap One Bedroom Waverly Apartment is $825 at Union Flats.

What is the lowest price for a Cheap Two Bedroom Waverly Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waverly is starting from $899 at Jesse Lee Apartments.

What is the most affordable Waverly Three Bedroom Apartment?

The best deal on a cheap Waverly Three Bedroom Apartment rental is at Jesse Lee Apartments and starts from $1,020.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.