Cheap Homes for Rent in Waverly, VA from $700 (7 Rentals)

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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.

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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.

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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. Studio 622 in the Old Towne Petersburg neighborhood has the second lowest priced unit, which is a Studio 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
Studio 622STUStudio,1BA$775
Star LoftsStudioStudio,1BA$865

Best Value Apartments for Rent in Waverly, VA and Nearby

As of October 28, 2025 the best value apartment in the Waverly area is the $1.15 price per square foot 2 Bedroom Model at Petersburg ArtistSpace Lofts in the in the Petersburg Chesterfield neighborhood starting from $1,393. The second greatest value Waverly apartment is the Three Bedroom Model at Freedman Point starting at $1,536 with a $1.36 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.
Petersburg ArtistSpace Lofts2 Bedroom2BR,1.5BA$1.15
Freedman PointThree Bedroom3BR,2BA$1.36
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
Farmingdale TownhousesJamestown2BR,1.5BA$1.34
Walnut HillB12BR,2BA$1.32
Bailey's Ridge2 Bed 2 Bath2BR,2BA$1.24
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Webster Court ApartmentsWebster Court2BR,1BA$1.15
Jesse Lee Apartments2BR2BR,2BA$1.31
Puddledock Place1 Bed, 1 bath1BR,1BA$1.26

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 47 Apartments for Rent in Waverly, VA with pricing that ranges from $731 to $2,440. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waverly ranging from $750 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 $750 to $2,895 with an average monthly rent of $1,663.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.