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Waverly, VA Home for Rent

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    $1,999

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,754 Sq Ft
    • Rental House in Waverly, VA

    318 Jasper Ln, Waverly, VA 23890

    Rental House in Waverly, VA offers a comfortable 3-bedroom, 2-bath layout with flexible living spaces. The large kitchen includes a refrigerator, stove and dishwasher, and flows to an adjacent den and living room for easy daily living and entertaining. A mud room provides washer and dryer hookups and extra storage, while a covered carport offers protected parking. Well-suited for those seeking

    318 Jasper Ln, Waverly, VA 23890

Why Live in Waverly

Waverly, Virginia, is a rural community established in 1854, located 23 miles south of Petersburg and 8 miles north of Wakefield. The area is characterized by its countryside living, historic homes, and farmland surrounding a small downtown district. The community has undergone revitalization efforts, including beautification projects and attracting new businesses. Allen W. Gibson Jr. Community Park is a local hub for recreation, featuring a playground, pickleball and tennis courts, picnic areas, and a community garden. The park also hosts events like Oktoberfest and a 5K run. Downtown Waverly has a mix of occupied and vacant brick storefronts, with dining options such as HonduMex Cuisine and fast-food establishments like McDonald's. For grocery essentials, residents visit Dollar General, while Wakefield Market, 7 miles away, offers a wider variety of fresh produce. Adams’ Peanuts & Country Store, located 5 miles south, sells locally harvested peanuts and other regional products. Homes in Waverly range from mid-20th century ramblers to farmhouse-style residences, with prices generally under $300,000. Sussex Central Elementary, a highly rated school, serves the community's children. Waverly is connected to the wider region via Route 40 and Route 460, with Richmond International Airport 55 miles away. The Miles B. Carpenter Folk Art Museum, featuring local artist's work, is undergoing renovations and is set to reopen by August 2025. Waverly has a lower crime rate compared to the national average, though it is prone to flooding and tornado warnings.

Frequently Asked Questions

How much does it cost to rent a home in Waverly, VA?
The median rent for a home in Waverly, VA is $1,999 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Waverly, VA?
To comfortably afford the median rent in Waverly, VA, a household needs to earn roughly $79,960 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,999 per month in Waverly, VA, renters typically need to show $5,997 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waverly, VA?
In Waverly, VA, the price-to-rent ratio is 8.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Waverly, VA are best for renting a home?
The best neighborhood for renting in Waverly, VA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Jamestown, Old Towne Petersburg, Mill Creek, New Town and Centerville, each with its own character and price range.

Rental Trends in Waverly, VA

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,999
Median Single Family Home Rent
$1,999
How to Rent a Home