Apartments for Rent in Waverly, MI

Prices and availability in Waverly, MI were last updated on 26 Aug 2026.

The best apartments in Waverly, MI are: Delta Square Apartments - Lansing, MI, Plumtree Apartments, Westfield Club Apartments, Canal 2 Apartments and Canal Club Apartments.

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

The price range for a 1-bedroom apartment in Waverly, MI is between $850 and $2,086.

The price range for a 2-bedroom apartment in Waverly, MI is between $980 and $2,789.

The price range for a 3-bedroom apartment in Waverly, MI is between $985 and $2,350.

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 average age of rental buildings in Waverly is 44 years old, with 3% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.