
Cheap Apartments for Rent in Waverly, VA from $600 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Waverly.


Union Flats

Cavalier Senior Apartments

Cavalier Apartments II

Total Monthly Price
Studio 622

Aubrey Apartments

Puddledock Place

Mill Creek, Mill Pond & Park Ave Apartments

Market St Lofts
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

TANGLEWOOD APARTMENTS

Viva Colina

Webster Court Apartments

Total Monthly Price
Woodmere Apartments

Total Monthly Price
Petersburg ArtistSpace Lofts

Crater Square

Madison Terrace Apartments

Star Lofts

Windham Hills
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.

Mayton Transfer Lofts

Freedman Point

Jesse Lee Apartments

The Bosco

High Street Lofts

The Residences at Southern Oaks

Perry Street Lofts

Candy Factory

1814 East Blvd
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 Nash Lofts

Walnut Hill

Burr Lofts

2356 Dellrose Dr

2107 Johnson St

Union Pen Lofts

Lofts on Market

Elora Gardens at Petersburg

11125 Chappell Crk Cir
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.

712 W Washington St

1528 Lincoln St

Hopewell Lofts

3805 Woodlawn St

13184 Longevity Rd

129 S Old Church St

Bailey's Ridge

5300 Jovern Dr

27 S Jefferson St
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.
Waverly, VA Local Guide

How much does it cost to rent an apartment in Waverly?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waverly Studio Apartments | $1,002 | $690 | $1,309 |
| Waverly 1 Bedroom Apartments | $1,280 | $731 | $1,919 |
| Waverly 2 Bedroom Apartments | $1,516 | $995 | $2,212 |
| Waverly 3 Bedroom Apartments | $1,764 | $1,222 | $2,100 |
| Waverly 4 Bedroom Apartments | $2,669 | $2,649 | $2,749 |
Browse Top Apartments in Waverly
See all Apartments in WaverlyExplore Waverly
Waverly, VA Local Guide
- Nearby Cities
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Cheapest Available Waverly Apartments for Rent and Nearby
 The cheapest available apartment rental in Waverly, VA is a 1 Bed unit found at Cavalier Apartments II priced from $731. Union Flats in the Petersburg Chesterfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Waverly apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cavalier Apartments II | 1 Bed, 1 bath | 1BR,1BA | $731 |
| Union Flats | One Bedroom One Bathroom | 1BR,1BA | $775 |
| Studio 622 | STU | Studio,1BA | $819 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $942 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR,1BA | $950 |
| TANGLEWOOD APARTMENTS | 1 BEDROOM - SILVER | 1BR,1BA | $975 |
| Viva Colina | 2BD | 2BR,1BA | $995 |
| Webster Court Apartments | Webster Court | 2BR,1BA | $1,000 |
| Crater Square | 1 Bedroom 1 Bath | 1BR,1BA | $1,014 |
| Windham Hills | 2BR | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Waverly, VA and Nearby
As of April 30, 2026 the best value apartment in the Waverly area is the $1.17 price per square foot 3 Beds, 2 baths Model at Cavalier Apartments II in the starting from $1,285. The second greatest value Waverly apartment is the B1 Model at Walnut Hill starting at $1,300 with a $1.32 price per square foot in the Petersburg Chesterfield 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. |
|---|---|---|---|
| Cavalier Apartments II | 3 Beds, 2 baths | 3BR,2BA | $1.17 |
| Walnut Hill | B1 | 2BR,2BA | $1.32 |
| Mill Creek, Mill Pond & Park Ave Apartments | Park Ave 2 Bed | 2BR,1BA | $1.28 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.19 |
| Aubrey Apartments | 2b1b | 2BR,1BA | $1.30 |
| Petersburg ArtistSpace Lofts | 1 Bedroom | 1BR,1BA | $1.19 |
| Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
| Freedman Point | Two Bedroom | 2BR,1.5BA | $1.27 |
| Jesse Lee Apartments | 2BR | 2BR,2BA | $1.31 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $1.26 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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
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, VA Rentals by Map
See the most popular apartments and homes in Waverly, VA
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 Studio 622 listed at $819.
How much is rent for a Cheap One Bedroom Waverly Apartment?
The lowest price for a Cheap One Bedroom Waverly Apartment is $731 at Cavalier Apartments II.
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 $995 at Viva Colina.
What is the most affordable Waverly Three Bedroom Apartment?
The best deal on a cheap Waverly Three Bedroom Apartment rental is at Puddledock Place and starts from $1,284.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.