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 August 2025, Waverly's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waverly's average rent is 6.7% ($74) higher than the Iowa average of $1,103 and 34.2% ($613) lower than the U.S. average of $1,790.

Average Rent

$1,177

Monthly ChangeMonth Over Month Change

0.1% ($1)

Yearly ChangeYear Over Year Change

13% ($135)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,107	0.2% ($2)	18% ($169)
2 Beds	$1,262	0.4% ($5)	13.8% ($153)
3 Beds	$1,550	2.1% ($33)	16.3% ($217)

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.

What is the average rent in Waverly, IA?

The average rent in Waverly, IA is $1,177 per month.

What is the rental price range for apartments in Waverly, IA?

Apartments in Waverly typically rent for between $775 and $2,015 per month, with an average of $1,177 per month.

What is the average rent for different bedroom sizes in Waverly, IA?

In Waverly, the average rent for a 1-bedroom apartment is $1,107 per month, for a 2-bedroom apartment, $1,262 per month, and a 3-bedroom apartment is $1,550 per month.

How do rent prices in Waverly, IA compare with the national average?

The average rent in Waverly is 34.2% ($613) lower than the national average of $1,790 per month.

How have rent prices in Waverly, IA changed recently?

The average rent in Waverly has decreased by 0.1% ($1) in the last month and increased by 13.0% ($135) over the past year.

How competitive is the rental market in Waverly, IA?

The rental market in Waverly, IA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Waverly, IA?

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.

How many rental properties are available in Waverly, IA?

There are currently 10 rental properties available in Waverly, IA.

Can I afford to rent an apartment in Waverly, IA?

Based on the current averages, a household would need an annual income of $50,480 to comfortably afford a 2-bedroom apartment in Waverly.