Pinnacle Villages - Waverly
1200 Leitha Ter,
Waverly, IA 50677
$1,630 - $1,710
2-3 Beds
Waverly
Waverly, IA Area Guide
An up-and-coming suburb on the banks of Cedar River
Cedar River
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Great Schools
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College
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Parks
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Suburban
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For renters who enjoy a sense of seclusion, a close-knit community, and wide open spaces, Waverly is a great place to consider putting down roots. Excellent public schools of Waverly-Shell Rock Community Schools sit in this town. Waverly is also home to Wartburg College, a private university and educational hub for the community. This campus provides jobs, educational growth, and a college town vibe.
Along Bremer Avenue, check out local and chain dining and shopping options, including Duos Coffee & Ice Cream. Cedar River runs directly through Waverly, where residents enjoy fishing and boating. On the banks of the river, be sure to check out the Shades of Rhythm Amphitheater, known for public performing arts events and private parties. Though housing in Waverly is extremely affordable, there are some modern apartments becoming available in this up-and-coming city.
Rent Trends
As of March 2026, the average apartment rent in Waverly, IA is $510 for a studio, $506 for one bedroom, $917 for two bedrooms, and $1,425 for three bedrooms. Apartment rent in Waverly has increased by 1.0% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$506/month
643 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Waverly, IA is for everyday living.
Car-Dependent
35
/ 100
This area is considered a car-dependent area and most errands will require a car.
Somewhat Bikeable
46
/ 100
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Scores provided by Walk Score
Schools
Margaretta Carey Elementary School
Public
Grades K-5
Public
Grades K-5
Waverly-Shell Rock Middle School
Public
Grades K-8
Public
Grades K-5
Waverly-Shell Rock Middle School
Public
Grades K-8
Waverly-Shell Rock Senior High School
Public
Grades 9-12
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.