Apartments 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 July 2025, Waverly's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waverly's average rent is 9.4% ($101) higher than the Iowa average of $1,077 and 33.6% ($597) lower than the U.S. average of $1,775.

Average Rent
$1,178
Monthly ChangeMonth Over Month Change
Decreased1.5% ($18)
Yearly ChangeYear Over Year Change
Increased0.9% ($11)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,105 Increased3.3% ($35) Increased14.4% ($139)
2 Beds $1,267 Decreased1.9% ($24) Increased10.9% ($125)
3 Beds $1,583 Decreased2.9% ($47) Increased15.3% ($210)
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 $1,178 per month.
Apartments in Waverly typically rent for between $774 and $2,058 per month, with an average of $1,178 per month.
In Waverly, the average rent for a 1-bedroom apartment is $1,105 per month, for a 2-bedroom apartment, $1,267 per month, and a 3-bedroom apartment is $1,583 per month.
The average rent in Waverly is 33.6% ($597) lower than the national average of $1,775 per month.
The average rent in Waverly has decreased by 1.5% ($18) in the last month and increased by 0.9% ($11) 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 12 rental properties available in Waverly, IA.
Based on the current averages, a household would need an annual income of $50,680 to comfortably afford a 2-bedroom apartment in Waverly.
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