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Highlights

  • Pet Friendly
  • Dishwasher
  • Private patio/balcony
  • Washer/dryer hookups
  • Smoke-free community
  • Washer/dryer set
  • Spacious floor plan

Location

1515 Waverly Dr Se, Albany, OR 97322, USA
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Contact

Management

SMI Property Management

Leasing office

(541) 928-3333

Property Overview

Redwood & Waverly Square Apartment Homes offers an impressive overall experience with a Zumper expert rating of 8.8 out of 10, supported by top tier scores for price, amenities, and location. This smoke-free community features a spacious floor plan, dishwasher, and private patio/balcony, making it an attractive choice for renters seeking comfort and convenience. Additionally, its pet-friendly environment, bolstered by nearby pet services, enhances its appeal for those with pets.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, Redwood & Waverly Square Apartment Homes is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Redwood & Waverly Square Apartment Homes has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Images Available
  • Laundry available on site

Great for

  • Pet owners

Floor plans

2x1 Waverly2 bed1 bath850 sqft$1,350 /mo3 units availableWaverly Square Apartments are perfectly situated in the heart of town, less than one mile from dining, shopping, entertainment, and Lexington Park. Our welcoming community is professionally cared for by a responsive staff who are dedicated to making this community the ideal place for you to call home. Our spacious floor plan includes washer/dryer hookups, dishwasher, private patio/balcony with an enjoyable view of the beautifully landscaped property, exterior storage closet, and an assigned carport parking space. Up to 2 pets welcome with a total combined weight limit of 40 lbs. Must be at least 1 year old, spayed/neutered, and up-to-date on all vaccinations. Additional security deposit and monthly pet rent required. This is a breathe easy smoke-free community. DISCLOSURES: *THE FOLLOWING INFORMATION IS SUBJECT TO CHANGE PRIOR TO EXECUTION OF RENTAL AGREEMENT RENT: The following are MAXIMUM amounts. The actual amounts charged will depend on the unit size, screening results and other factors. Unit Rent: Two Bdrm: $1,350-$1,400 Utility Bill-Back Charge: $60 Pet Rent: $25 DEPOSITS: Security Deposit MINIMUM: $1,000 Security Deposit MAXIMUM: $2,000 (Depends on screening results and unit size) Additional Security Deposit For Having a Pet: $350 _____________________________________________________________________________________ RENTERS & LIABILITY INSURANCE: A Renters and Liability Insurance policy with SMI Property Management listed as an interested party, is required to be provided at the commencement of the lease/rental agreement and is to be maintained throughout the term of the tenancy in the amount of $100,000. No insurance will be required if: A) The household income of all of the tenants in the unit is equal to or less than fifty percent of the area median income, adjusted for family size as measured up to a five-person family; or B) If the dwelling unit has been subsidized with public funds, not including housing choice vouchers. _____________________________________________________________________________________ GOOD FAITH ESTIMATE: See listing of all available units at: https www smiproperty com vacancies Approximate number of units currently available, or which will in the foreseeable future be available, of the size and in the area requested by applicant:______ unit(s). Approximate number of applications previously accepted and currently under consideration for those units:______ application(s). If the blanks above are not filled in, then there is at least one unit available and there are no applications ahead of yours currently under consideration. Interior photos may not represent the actual unit. Apply Now

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Amenities for Redwood & Waverly Square Apartment Homes

Apartment Amenities

BalconyPatio
Washer/Dryer Hookups

Appliances

DishwasherRange
RefrigeratorStove

Building

Breathe Easy Smoke Free CommunityCats OK
Dogs OKOnsite Laundry

Grounds

Assigned Carport ParkingProfessionally Landscaped Grounds
Storage
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units138
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About Redwood & Waverly Square Apartment Homes

HomeApartments in Albany Redwood & Waverly Square Apartment Homes

Redwood & Waverly Square Apartments are perfectly situated in the heart of town, less than one mile from dining, shopping, entertainment, and Lexington Park. Our welcoming communities are professionally cared for by a responsive staff who are dedicated to making these communities the ideal place for you to come home to. Our spacious floor plan includes a washer/dryer set, dishwasher, private patio/balcony with an enjoyable view of the beautifully landscaped property, and an assigned carport parking space.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Redwood & Waverly Square Apartment Homes is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Redwood & Waverly Square Apartment Homes has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Redwood & Waverly Square Apartment Homes
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Redwood & Waverly Square Apartment Homes offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Redwood & Waverly Square Apartment Homes stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Redwood & Waverly Square Apartment Homes is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Redwood & Waverly Square Apartment Homes does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Redwood & Waverly Square Apartment Homes is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 2 pet grooming services nearby
  • 5 pet supply stores near the property
  • 1 pet hospital in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Redwood & Waverly Square Apartment Homes compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors
Walk-in closet
More closet space on average

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from grade schools
The nearest elementary school is farther than 0.5 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Albany

2-bedroom apartments at Redwood & Waverly Square Apartment Homes cost about 10% less than the average rent price for 2-bedroom apartments in Albany.

Median rents as of Oct 18 2025.
Albany
A table of studio rental data trends in Albany
MonthMedian Rent
November 2023$1,250
December 2023$1,171
January 2024$1,095
February 2024$1,041
March 2024$1,178
April 2024$1,387
May 2024$1,445
June 2024$1,269
July 2024$1,420
August 2024$1,386
September 2024$1,397
October 2024$1,401
November 2024$1,326
December 2024$1,145
January 2025$1,220
February 2025$1,043
March 2025$1,078
April 2025$1,041
May 2025$1,086
July 2025$897
August 2025$990
October 2025$1,045

Affordability calculator

Can I afford to live at 1515 Waverly Dr Se?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$54,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $54,000 annually to afford this 2-bedrooms monthly rent price of $1,350.
For more information on rent affordability, visit our rent calculator.

Schools near Redwood & Waverly Square Apartment Homes

South Shore Elementary School

910 bain st se

albany, OR, 97322

K-5Public
C
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Internet available near Redwood & Waverly Square Apartment Homes

Getting around Albany near 1515 Waverly Dr Se

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1515 Waverly Dr Se, Albany

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 20-minute walk

High schools

2/10
No high schools within a 30-minute walk

Nightlife

3/10
Few or no bars within walking distance

Explore the area around 1515 Waverly Dr Se

Fred Meyer
2500 Santiam Hwy SE
Safeway
1990 14th Ave SE
Albany Food Market
3135 Santiam Hwy SE
Grocery Outlet
1950 14th Ave SE
The Grocery Depot
2206 Santiam Hwy SE

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