Pinnacle Villages - Waverly
1200 Leitha Ter,
Waverly, IA 50677
2-3 Beds | $1,700 - $1,800
Rental Market Trends in Waverly, IA
Updated September 2026
The average rent in Waverly, IA is $509/month.
Rent in Waverly is 69% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$509/month
Average Rent
643 Sq Ft
Average Size
+1.2%
Change / Year
18
Available Apartments
Waverly rent varies by unit size and layout:
- Studio apartments in Waverly average $517 per month.
- One-bedroom apartments in Waverly average $509 per month.
- Two-bedroom apartments in Waverly average $923 per month.
- Three-bedroom apartments in Waverly average $1,360 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Waverly, IA?
In the past year, rent has increased by 1.2%, which averages out to $7 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Waverly, IA
September 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
43%
Below $700/month
14%
$700 - $1,000/month
14%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Waverly, IA?
Because the average rent in Waverly is $509, you’ll want to make about $1,696 per month or $20,352 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Waverly, IA compare to other nearby cities and neighborhoods?
Use the tool below to compare Waverly, IA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Waverly Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Waverly?
The average rent in Waverly is $509 per month, which is 69.4% lower than the national average of $1,665.
Are rents going up or down in Waverly?
Rents in Waverly, IA are increasing, with prices up 1.2% year-over-year and $7 more per month.
What rent range is most common in Waverly?
In Waverly, IA, 43% of apartments fall below $700/month, though prices may vary depending on location and other factors.
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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.