Homes for Rent in Waverly, IA

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What to Know About

Life in Waverly & Beyond

Waverly shares many of the great qualities that make Iowa a desirable place to live.

Iowa is known as the "Hawkeye State" and America's heartland. This beautiful state is famous for its rolling hills, fertile farmland, and vibrant cities. Immerse yourself in Iowa's rich history by visiting the Herbert Hoover Presidential Library and Museum, Amana Colonies, or developing your skills at the University of Iowa and Iowa State University. Iowa also has a vibrant cultural scene, with dozens of professional theaters, art galleries, and museums spread throughout the state.

Iowa is a haven for outdoor enthusiasts, offering a variety of activities such as hiking the scenic Loess Hills, camping and fishing in its state parks and lakes, and winter sports like skiing and snowboarding. Explore famous attractions like the State Capitol Building, the Des Moines Art Center, and the historic town of Cedar Rapids. With its friendly communities, affordable living, and thriving economy, Iowa offers a high quality of life and a strong sense of community, making it an ideal place for those looking for a fulfilling lifestyle.

Discover why Iowa is a place that is sure to steal your heart and capture your imagination. Experience the best of what the Midwest offers, and you'll see why it's such a great place to live.

Rental Market Trends

Waverly, IA

As of May 2025, Waverly's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waverly's average rent is 8.7% ($95) higher than the Iowa average of $1,095 and 33.6% ($603) lower than the U.S. average of $1,793.

Average Rent
$1,190
Monthly ChangeMonth Over Month Change
Increased1% ($12)
Yearly ChangeYear Over Year Change
Increased5.5% ($62)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,057 Increased1.8% ($19) Increased23.5% ($201)
2 Beds $1,285 Increased0.8% ($10) Increased12.4% ($142)
3 Beds $1,575 Increased2.3% ($36) Increased21.2% ($276)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waverly Rental Market FAQs

Explore rental prices, market trends, and availability in Waverly, IA.

The average rent in Waverly, IA is $1,190 per month.
Homes in Waverly typically rent for between $740 and $2,048 per month, with an average of $1,190 per month.
In Waverly, the average rent for a 1-bedroom home is $1,057 per month, for a 2-bedroom home, $1,285 per month, and a 3-bedroom home is $1,575 per month.
The average rent in Waverly is 33.6% ($603) lower than the national average of $1,793 per month.
The average rent in Waverly has increased by 1.0% ($12) in the last month and increased by 5.5% ($62) over the past year.
The rental market in Waverly, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Waverly, IA, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 10 rental properties available in Waverly, IA.
Based on the current averages, a household would need an annual income of $51,400 to comfortably afford a 2-bedroom home in Waverly.
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