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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

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As of November 2026, Waverly's rental market is balanced, with rentals spending about 39 days on the market, slower than in Iowa (27), and rents up 2.0% over the past year. Waverly's average rent is 9.1% ($110) higher than the Iowa average of $1,203 and 35.5% ($723) lower than the U.S. average of $2,036.

Average Rent
$1,313
Monthly ChangeMonth Over Month Change
Increased0.28% ($4)
Yearly ChangeYear Over Year Change
Increased2.0% ($26)
Days on Market
39
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $977 Increased0.46% ($4) Increased4.3% ($41)
2 Beds $1,287 Increased0.58% ($7) Increased2.5% ($31)
3 Beds $1,405 Decreased0.43% ($6) Increased1.1% ($15)
Nearby Cities Average Rent Avg. Rent vs. WaverlyAverage Rent vs. Waverly Days on Market
Cedar Falls $1,368 Increased4.2% ($55) 37 days
Parkersburg $1,164 Decreased11.3% ($149) 27 days
Based on rentals advertised on RentalSource in and around Waverly.
Frequently Asked Questions
Waverly Rental Market FAQs

Explore rental prices, market conditions, and affordability in Waverly, IA.

The average rent in Waverly, IA is about $1,313 per month.
In Waverly, the average rent is about $977 per month for a 1-bedroom apartment, about $1,287 for a 2-bedroom apartment and about $1,405 for a 3-bedroom apartment.
The average rent in Waverly is 35.5% ($723) lower than the national average of $2,036 per month.
The rental market in Waverly, IA is currently balanced, with rentals spending about 39 days on the market, slower than in Iowa (27), and rents up 2.0% over the past year.
Based on the current averages, a household would need an annual income of about $51,500 to comfortably afford a 2-bedroom apartment in Waverly.
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