Apartments for Rent in Waverly, MI

Prices and availability in Waverly, MI were last updated on 24 Aug 2026.

The best apartments in Waverly, MI are: Delta Square Apartments - Lansing, MI, Plumtree Apartments, Westfield Club Apartments, Westwind Townhomes and Canal 2 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 $2,104.

The price range for a 2-bedroom apartment in Waverly, MI is between $995 and $1,959.

The price range for a 3-bedroom apartment in Waverly, MI is between $985 and $2,370.

In Waverly, 44% of the residents are renting compared to 56% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Waverly's rentals, 79% are small-scale complexes with under 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.

Studio apartments in Waverly are around 0.2% of rentals, while 1-bedroom floor plans represent 42% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.