Rentometer, Inc. | Data as of 12/04/2025
Waverly, Iowa offers a vibrant rental market that caters to a variety of lifestyles, from young professionals to families and students attending nearby Luther College. The city’s blend of historic downtown charm and modern amenities creates a welcoming environment for renters seeking both convenience and community. Tree‑lined streets, local boutiques, and a thriving arts scene provide residents with plenty of options for dining, shopping, and recreation, while easy access to the Iowa River and city parks adds ample outdoor appeal.
Apartment living dominates the local rental landscape, with a range of one‑ and two‑bedroom units available throughout the city’s key neighborhoods. One‑bedroom apartments typically sit in the $800‑$900 range, offering affordable options for singles or couples, whereas two‑bedroom units trend toward the $1300‑$1600 range, providing extra space for families or roommates. Many of these rentals are located near popular landmarks such as the historic downtown district, Waverly City Park, and the vibrant student hub around Luther College, making daily commutes and leisure activities easily accessible.
Beyond apartments, Waverly’s rental market benefits from a supportive community atmosphere and a steady demand that encourages well‑maintained properties and responsive landlords. Prospective renters will appreciate the city’s blend of small‑town friendliness with the cultural and educational resources typical of a university town, making Waverly an attractive destination for anyone looking to settle into a dynamic yet affordable Iowa community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,350 | $1,600 | $850 - $1,600 | $850 - $1,600 |
In the current period, the average rent in Waverly was
$1,350 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.