Apartments For Rent in Waverly, IA

15 rentals

Apartments For Rent Near Waverly, IA

We found 30 more apartments matching your filters just outside Waverly

What Locals Say about Waverly

  • Linnofficiall
    "It’s the best place I’ve lived in and I moved here from Memphis . I have no complaints honestly my son even loves his middle school"
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  • Rhini A.
    "The neighborhood is right by the middle school and high school creating an easy commute. Love the easy access to 218 "
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  • C.L.
    "A ton of fantastic Parades, downtown activities like Halloween and Santa’s house and a sweet little farmers market"
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  • Bnarchibld
    "I have lived in this neighborhood for 10 years and I love that kids can ride around the block and not cross a street"
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  • dschmalz8763
    "Waverly is a great place to raise children, as I was raised here. In my golden years it's now a great place to settle down. Not slow down I might add. As long as you are a nice person in this town, everybody has your back. I lost my first home that I bought in Waverly, about 8 years ago to a massive house fire. Figures, three years before I had it paid off. I was a local bartender at the time. My employer wouldn't here of me working that night, but insisted that I be at the bar that night. The community support for me was awesome! This town-city takes care of their own, and anyone else that would like to be a part of it. I feel so secure in this town, you don't worry about locks, as your neighbors are watching your house when you are away. When I first looked at my house at a one hour open house, the agent forgot to lock one door upstairs. I found that door, and took in a good friend to see the house that I was considering. She turned me in to the police, Yay Neighbor! We have been friends for years. Waverly is a great place, Just ignore the towns stupidity from time to time!"
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  • X
    "Waverly is surprising! Highest quality health care, police and fire services, schools and libraries, parks and rec center plus beautiful neighborhoods and more. And if you can't find it in Waverly, the metro is just 15 minutes via expressway."
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Average Rent Trends in Waverly, IA

Rent in Waverly, IA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Jun 2025$1,480
Jul 2025$1,200
Aug 2025$1,500
Sep 2025$1,320
Oct 2025$1,200
Nov 2025$1,320
Dec 2025$1,100
Jan 2026$1,480
Feb 2026$1,350
Mar 2026$1,350
Apr 2026$1,250
May 2026$1,156
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$525$800$1,490$725$1,150
Townhomes———$1,500$1,567
Apartments and Condos$525$750——$750
Houses——$1,350$725$1,350
See more information about local market trends in Waverly, IA

Frequently Asked Questions about Rentals in Waverly, IA

  • What is the average rent of an apartment in Waverly, IA?
    The average rent of an apartment in Waverly, IA is $1,250 per month. This is about 35% lower than the national average.
  • What is the average rent of a house in Waverly, IA?
    The average rent of a house in Waverly, IA is $1,490 per month. This is about 23% lower than the national average.
  • What is the average rent of a townhome in Waverly, IA?
    The average rent of a townhome in Waverly, IA is $1,500 per month. This is about 22% lower than the national average.
  • When is the average rent cheapest in Waverly, IA?
    In the last year, the average rent in Waverly, IA was lowest in Dec 2025 when it was $1,100 per month.
  • When is the average rent most expensive in Waverly, IA?
    In the last year, the average rent in Waverly, IA was highest in Aug 2025 when it was $1,500 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Waverly, IA?
    The average rent of a 1 bedroom apartment in Waverly, IA is $525 per month. That is about $595 less than the cost of a studio apartment.
  • How many available rental listings are in Waverly, IA?
    There are 16 available rental listings in Waverly, IA.
  • What are some zip codes in Waverly, IA?
    Waverly, IA includes zip codes such as: 50677.
  • What are some cities near Waverly, IA?
    Some nearby cities include: Plainfield, Tripoli, Denver, Janesville, Frederika. These cities may have more rental options to explore.