Cheap Homes for Rent in Waverly, VA from $800 (8 Rentals)

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

property at 118 N Old Church St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

118 N Old Church St

PetersburgVA23803
property at 2400 Oaklawn Blvd

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available May 6

2400 Oaklawn Blvd

HopewellVA23860
property at 2107 Johnson St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Now

2107 Johnson St

HopewellVA23860

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.

property at 1528 Lincoln St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

1528 Lincoln St

PetersburgVA23803
property at 712 W Washington St

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

2 Bedroom, 1 Bath Townhome for Rent

Available Now

712 W Washington St

PetersburgVA23803
property at 3805 Woodlawn St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

3805 Woodlawn St

HopewellVA23860
property at 612 Cedar Level Rd

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

612 Cedar Level Rd

HopewellVA23860

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.

Waverly, VA Local Guide

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 ListingModel NameBed/BathPriced From
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$731
Union FlatsOne Bedroom One Bathroom1BR,1BA$775
Studio 622STUStudio,1BA$839

Best Value Apartments for Rent in Waverly, VA and Nearby

As of May 02, 2026 the best value apartment in the Waverly area is the $1.08 price per square foot 2X2 Model at IVY Gates in the starting from $1,485. The second greatest value Waverly apartment is the 3 Beds, 2 baths Model at Cavalier Apartments II starting at $1,285 with a $1.17 price per square foot . 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.
IVY Gates2X22BR,2BA$1.08
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
Liberty Pointe3 Bdrm3BR,2BA$1.14
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Mill Creek, Mill Pond & Park Ave ApartmentsPark Ave 2 Bed2BR,1BA$1.28
Aubrey Apartments2b1b2BR,1BA$1.30
Petersburg ArtistSpace Lofts1 Bedroom1BR,1BA$1.19
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Jesse Lee Apartments2BR2BR,2BA$1.31
Puddledock Place1 Bed, 1 bath1BR,1BA$1.26

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

Read Article
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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.

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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.

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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.

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Cash 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.

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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.

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

Explore Waverly, VA Rentals by Map

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Frequently Asked Questions about Waverly

What type of rentals are currently available in Waverly?

There are currently 49 Apartments for Rent in Waverly, VA with pricing that ranges from $690 to $2,709. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $895 to $2,895.

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 $895 to $2,895 with an average monthly rent of $1,807.

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 $1,200 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $2,609.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

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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.

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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.