What is the average apartment size in Waverly?

The average size for a Waverly, MI apartment is 878 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Waverly?

As of Sep / 2025, the average rent in Waverly is $1,211 per month, a 4.11% increase from last year’s average of $1,163.

What is the average apartment size in Waverly?

The typical apartment in Waverly offers about 878 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Waverly, MI Rental Market Trends

Q: What's the typical rent budget in Waverly?

The typical rent budget in Waverly ranges from $1,001 to $1,500 per month, with 52% of rentals in this range.

Q: Do most people rent or own in Waverly?

In Waverly, 44% of households rent while 56% own their homes, based on the latest U.S. Census data.

Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Waverly is $1,211, a 4.11% increase compared to the previous year, when the average rent was $1,163.

One-bedroom apartments provide 697 square feet for $1,032, balancing privacy and affordability.

Two-beedroom units at $1,280 offer 955 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,178 sq ft) for $1,559, suitable for larger households.

Average rent in Waverly, MI

Last updated: October 19, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,211	878 sq. ft.
Studio	n/a	n/a
1 Bed	$1,032	697 sq. ft.
2 Beds	$1,280	955 sq. ft.
3 Beds	$1,559	1,178 sq. ft.

Waverly, MI rent trends

Rental prices in Waverly, MI have increased by 4.11% over the past year. The average rent moved from $1,163 to $1,211.

What's the typical rent budget in Waverly, MI?

The largest share of rentals in Waverly, MI (52%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Waverly, MI?

5,027 or 44% of the households in Waverly, MI are renter-occupied while 6,341 or 56% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Waverly Compares to Other Cities

City	Average Rent
Waverly	$1,211
Farmington Hills	$1,495
Southfield	$1,381
Ypsilanti	$1,288
Detroit	$1,312
Ann Arbor	$2,039
Grand Rapids	$1,591
East Lansing	$1,706
Lansing	$1,198
Kalamazoo	$1,316

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Waverly apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.