3

Waverly, IA Houses for Rent

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  • /22

    $725

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,650 Sq Ft
    • House for Rent

    108 5th St NE Unit Bed 1, Waverly, IA 50677

    Comfortable Furnished Room In A Welcoming Waverly HomeSettle into a private, fully furnished bedroom in a two-story home thoughtfully set up for comfort. Your room includes a cozy bed, dresser, and closet space, with plenty of natural light to make it feel like home. Central air and heating keep things comfortable year-round, and you'll have access to shared spaces including the kitchen,

    108 5th St NE Unit Bed 1, Waverly, IA 50677
  • /13

    $1,650 Per Month

    • 3 Beds
    • 1 Bath
    • 888 Sq Ft
    • House for Rent

    305 11th St SW, Waverly, IA 50677

    This 3-bedroom, 1-bath gem in Waverly is opening its doors on September 11! Everything inside is brand-new: flooring, paint, fixtures, appliances — a complete top-to-bottom refresh that feels modern, clean, and full of energy. And the location is unbeatable: walking distance to both the high school and middle school, plus just minutes from shopping, clinics, doctors’ offices and the golf

    305 11th St SW, Waverly, IA 50677
  • /10

    $1,275 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,254 Sq Ft
    • House for Rent

    314 1st Ave SE, Waverly, IA 50677

    Features of this 1,254 sq. ft. home include 3 bedrooms/ 1.5 bathroom, updated house in Waverly IA. This home sits on a 8,712 sq. ft. lot, and this property is 1 block off Bremer Ave. Tenant is responsible for all utilities, lawncare and snow removal. No animals, smoking or section 8. Contact Caliber Group today to schedule a showing!

    314 1st Ave SE, Waverly, IA 50677

Frequently Asked Questions

How much does it cost to rent a single-family home in Waverly, IA?
The median rent for a single-family home in Waverly, IA is $1,275 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Waverly, IA?
To comfortably afford the median rent in Waverly, IA, a household needs to earn roughly $37,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $925 per month in Waverly, IA, renters typically need to show $2,775 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waverly, IA?
In Waverly, IA, the price-to-rent ratio is 24.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Waverly, IA are best for renting a single-family home?
The best neighborhood for renting in Waverly, IA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a single-family home include Gates Park, Common Grounds, Riverfront, Edison and Church Row, each with its own character and price range.

Rental Home Trends

Number of Houses for Rent
3
Median Single Family Home Rent
$1,275
Median 3 Bedroom Single Family Home Rent
$1,463
Median 4 Bedroom Single Family Home Rent
$725
How to Rent a Home