Rentometer, Inc. | Data as of 10/23/2025
Waverly, Iowa, offers a welcoming rental market that blends the convenience of city living with the charm of a close‑knit community. Prospective renters will find a variety of modern apartments situated near the vibrant downtown core, where locally owned cafés, boutique shops, and cultural venues create an inviting atmosphere. The city’s proximity to Iowa State University adds a lively student presence, while family‑friendly neighborhoods such as the historic Riverbend area provide quiet streets and well‑maintained green spaces. Residents enjoy easy access to the Waverly River Trail, the historic Old Capitol Building, and a range of recreational facilities that support an active lifestyle.
Apartment living dominates the rental landscape in Waverly, with options ranging from efficient one‑bedroom units ideal for professionals or students, to spacious two‑bedroom layouts that suit small families or roommates. Rental rates typically fall in the $900s for one‑bedroom apartments and the $1300‑$1600 range for two‑bedroom units, reflecting the city’s balanced affordability and quality of accommodations. Many complexes feature contemporary amenities such as on‑site fitness centers, secure parking, and pet‑friendly policies, enhancing the overall leasing experience.
Beyond the walls of the rental units, Waverly offers a rich array of community events, from farmers’ markets showcasing local produce to seasonal festivals that celebrate the town’s heritage. The city’s commitment to safety, education, and sustainable growth makes it an attractive destination for renters seeking a stable and engaging environment. Whether you’re drawn by the academic vibe, the outdoor recreation, or the welcoming neighborhoods, Waverly’s rental market provides a solid foundation for comfortable and fulfilling city living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $906 | $800 | $650 - $1,270 | $650 - $1,270 |
| Apartment | 2 Bedroom | $1,350 | $1,600 | $850 - $1,600 | $850 - $1,600 |
In the current period, the average rent in Waverly was
$907 for 1 Bedroom, and
$1,350 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.