Apartments for Rent in Waverly, MI

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

The best apartments in Waverly, MI are: Delta Square Apartments - Lansing, MI, Waters Edge Apartments, Westfield Club Apartments, Plumtree Apartments and Westwind Townhomes.

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

The price range for a 1-bedroom apartment in Waverly, MI is between $850 and $2,116.

The price range for a 2-bedroom apartment in Waverly, MI is between $870 and $3,222.

The price range for a 3-bedroom apartment in Waverly, MI is between $1,200 and $2,518.

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.

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.