Waverly, MI Rental Market Trends
Highlights
The average rent for an apartment in Waverly is $891, a 8% increase compared to the previous year, when the average rent was $826.
Average Rent in Waverly, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $891 | 8% | 874 sq. ft. |
The average size for a Waverly, MI apartment is 874 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.
Waverly, MI Apartment Rent Ranges
- $501-$70018%
- $701-$1,00060%
- $1,001-$1,50019%
- $1,501-$2,0004%
Waverly, MI Occupied Housing Units
- Renter-occupied Households44%
- Owner-occupied Households55%
4,907 or 44% of the households in Waverly, MI are renter-occupied while 6,229 or 55% are owner-occupied.
Waverly, MI Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Waverly, MI | $781 | $782 | $795 | $801 | $803 | $803 | $826 | $832 | $867 | $891 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Waverly Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Detroit | $1,075 | 3% |
| East Lansing | $1,281 | 2% |
| Grand Rapids | $1,073 | 4% |
| Ann Arbor | $1,584 | 5% |
| Lansing | $872 | 3% |
| Lansing City | $872 | 8% |
| Waverly | $891 | 8% |
| Okemos | $1,061 | 10% |
| Holt | $1,017 | 2% |
| Haslett | $801 | 1% |
| Dewitt | $920 | 2% |
For more information about the Waverly rental trends, check out our monthly rent report
Check out Michigan Cities, Michigan Neighborhoods and Michigan Zip Codes for more details on verified listings, including the Michigan Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!