Apartments for Rent in Waverly, MI

Prices and availability in Waverly, MI were last updated on 16 May 2026.

The best apartments in Waverly, MI are: 917 Delta Village Apartments, Willow Ponds Townhomes, Verndale Apartments, Ivan Woods and 911 Delta Village Apartments.

The average rent in Waverly, MI is $1,154.

The price range for a 1-bedroom apartment in Waverly, MI is between $875 and $2,226.

The price range for a 2-bedroom apartment in Waverly, MI is between $985 and $2,889.

The price range for a 3-bedroom apartment in Waverly, MI is between $1,274 and $2,226.

In Waverly 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 12% of Waverly's apartments are found in large buildings of 50 units or more, 79% are located in smaller apartment complexes with less than 50 units, and 8% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Waverly are about 44 years old, on average. Of these, 3% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Waverly come in a range of sizes and floorplans. Studio apartments represent 0.2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in Waverly. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.