Apartments for Rent in Waverly, MI

Prices and availability in Waverly, MI were last updated on 15 Sep 2026.

The best apartments in Waverly, MI are: Delta Square Apartments - Lansing, MI, Westfield Club Apartments, Westwind Townhomes, Plumtree Apartments 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 $925 and $2,157.

The price range for a 2-bedroom apartment in Waverly, MI is between $925 and $2,736.

The price range for a 3-bedroom apartment in Waverly, MI is between $985 and $2,185.

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 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.

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.