Cheap Apartments for Rent in Waverly, MN from $700 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waverly.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Linden Wood Apartments
1 to 2 Bedroom Apartments

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
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Deer Run Apartments
2 Bedroom Apartments

Deer Run Apartments

650 Shoreline DrHoward Lake, MN 55349
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
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Showing Results 1-26, Page 1 of 1

Waverly, MN Local Guide

Cheapest Available Waverly Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waverly, MN is a 2 Beds unit found at Westcello Apartments in the Clemens Munsinger Gardens neighborhood priced from $775. Evergreen Square Apartments in the Willow Glen Carriage neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here is today’s list of the most affordable Waverly apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westcello Apartments2 Beds, 1 bath2BR,1BA$775
Evergreen Square Apartments1 bedroom1BR,1BA$990
Lake Point South Apartments1 Bedroom1BR,1BA$1,045
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,070
The Bluffs1 Bedroom- CONTACT FOR AVAILABILITY1BR,1BA$1,168
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Rivertown Residential Suites0BR/1.0BAStudio,1BA$1,233
Block 52StudioStudio,1BA$1,265
Savanna VistaStudioStudio,1BA$1,295
Lakecrest Apartments1 Bedroom 1 Bathroom1BR,1BA$1,299

Best Value Apartments for Rent in Waverly, MN and Nearby

As of May 12, 2025 the best value apartment in the Waverly area is the $1.59 price per square foot C2 Model at Monticello Crossings in the in the Clemens Munsinger Gardens neighborhood starting from $2,245. The second greatest value Waverly apartment is the 3B/1B Model at Lone Oak Apartments starting at $1,300 with a $1.27 price per square foot in the Willow Glen Carriage neighborhood. Here is today’s list of the best values for Waverly apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Monticello CrossingsC23BR,2BA$1.59
Lone Oak Apartments3B/1B3BR,1BA$1.27
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.25
The Bluffs2 Bedroom2BR,1BA$1.38
Evergreen Square Apartments2 bedroom2BR,1BA$1.27
Westcello Apartments2 Beds, 1 bath2BR,1BA$0.97
Village Place Apartments 55+2 Bedroom2BR,1BA$1.59
Deephaven Apartments1 bed 1 bath1BR,1BA$1.58
Lake Point South Apartments1 Bedroom1BR,1BA$1.31
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.53

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waverly, MN Rentals by Map

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See the most popular apartments and homes in Waverly, MN

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Getting Around Waverly, MN

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Waverly Apartments

What is the Cheapest Studio apartment in Waverly?

Currently the most affordable Cheap Studio Apartment in Waverly is at Rivertown Residential Suites listed at $1,233.

How much is rent for a Cheap One Bedroom Waverly Apartment?

The lowest price for a Cheap One Bedroom Waverly Apartment is $990 at Evergreen Square Apartments.

What is the lowest price for a Cheap Two Bedroom Waverly Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waverly is starting from $775 at Westcello Apartments.

What is the most affordable Waverly Three Bedroom Apartment?

The best deal on a cheap Waverly Three Bedroom Apartment rental is at Lone Oak Apartments and starts from $1,300.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.