Waverly City renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Waverly City is about $878 per month. This puts it in the 67th percentile compared to the state average cost of rent, which is $964. Households in Waverly City have a median income of $4,466 per month so the average renter in Waverly City is spending roughly 20% of their earnings on housing.
Nationally, and in Waverly City, home values are the data point most closely correlated with the cost of rent. The median price of a home in Waverly City is $131,524 right now, which is lower than nearby cities, meaning that rents in Waverly City also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Waverly City while lower rent rates are often available in southwestern areas.
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