
Cheap Homes for Rent in Waverly, VA from $1,100 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Waverly.


1409 Surry Ave

712 W Washington St

214 Belvidere St

806 Arlington Rd

2906 Maple St

424 Round Top Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

507 Hill Ave

232 High St

1052 7th St

507 S 18th Ave

460 Highland Ave

1144 E Normandale Ave

24816 Sawmill Rd
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Waverly, VA 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 | $1,310 | $1,150 | $1,750 |
| Waverly 3 Bedroom Homes for Rent | $1,771 | $1,250 | $2,441 |
| Waverly 4 Bedroom Homes for Rent | $2,534 | $2,295 | $2,800 |
| Waverly 5 Bedroom Homes for Rent | $3,775 | $2,150 | $5,400 |
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Waverly, VA Local Guide
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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 in the Petersburg neighborhood priced from $731. Studio 622 in the Petersburg neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $834. 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 |
| Studio 622 | STU | Studio,1BA | $834 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $942 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR,1BA | $950 |
| The Lofts at Union Pen | 600s - One Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Waverly, VA and Nearby
As of August 07, 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 in the Petersburg neighborhood starting from $1,285. The second greatest value Waverly apartment is the B2 Model at Pinetree starting at $1,185 with a $1.10 price per square foot in the Petersburg 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 |
| Pinetree | B2 | 2BR,2BA | $1.10 |
| Jesse Lee Apartments | 3BR | 3BR,2BA | $1.19 |
| Farmingdale Townhouses | Williamsburg | 2BR,1BA | $1.29 |
| 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 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| Webster Court Apartments | Webster Court | 2BR,1BA | $1.15 |
| The Bosco | 1BR/1.0BA | 1BR,1BA | $1.22 |
| Puddledock Place | 1 Bed, 1 bath | 1BR,1BA | $1.26 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waverly
What type of rentals are currently available in Waverly?
There are currently 50 Apartments for Rent in Waverly, VA with pricing that ranges from $690 to $2,890. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $1,150 to $5,400.
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 $1,150 to $5,400 with an average monthly rent of $1,818.
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 $1,222 to $2,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,441. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $2,390.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.