Zumper
modified
Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • New appliances
  • Newly remodeled kitchens
  • Controlled access buildings
  • Spacious parking lot
  • Laundry rooms in each building
  • New flooring throughout

Location

201 South Waverly Road, Lansing, MI 48917, USA
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Contact

Leasing office

(517) 235-3883

Property Overview

The Wave earns a strong overall impression with an 8.9 Zumper Expert Rating, supported by excellent location and quality scores, solid value for money, and a trustworthy property profile. Its newly remodeled kitchens, new appliances, new flooring, controlled access buildings, spacious parking lot, and laundry rooms in each building add to its appeal, while the nearby top-rated middle school and strong value position are notable points.

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

Zumper Expert Rating

8.9
Very Good
With a solid 8.9 out of 10 overall, The Wave is a great option for renters. While some aspects, like Amenities, might not be as distinguished as other properties nearby, The Wave has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby

Floor plans

One Bedroom1 bed1 bath700 sqft$775 /mo
Two Bedroom Premium2 bed1 bath925 sqft$950 /mo

Let's explore this property.

Amenities for The Wave

Building

Cats OKControlled Access
Dogs OK
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About The Wave

HomeApartments in Lansing The Wave

The Wave offers premium 2 bedroom apartments with newly remodeled kitchens with new appliances and new flooring throughout. Located in the Edgemont Park area of Lansing just a short drive from Downtown Lansing, Cooley Law School, LCC & the Lansing Mall. Waverly Woods has controlled access buildings, laundry rooms in each building with updated machines so that no coins are needed, and a spacious parking lot to provide our residents with the safety and security they need. Water fee charge $45 depending on amount of bedrooms and occupants.


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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, The Wave is a great option for renters. While some aspects, like Amenities, might not be as distinguished as other properties nearby, The Wave has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
How we rated The Wave
Price·8A 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.
Scoring a 8/10, The Wave is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A 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.
With multiple in-demand amenities, The Wave is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Wave offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
The Wave has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at The Wave.
Trustworthiness·9A 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 Wave has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

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 The Wave compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

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Rent trends in Lansing

1-bedroom apartments here are priced 18% lower than 1-bedrooms in Lansing.

If you decide to upgrade your space, you can expect 2-bedrooms at The Wave to be 17% less than the average for similarly sized apartments in Lansing.

Median rents as of Sep 19 2026.
Lansing
A table of studio rental data trends in Lansing
MonthMedian Rent
October 2024$841
November 2024$895
December 2024$950
January 2025$924
February 2025$902
March 2025$925
April 2025$925
May 2025$925
June 2025$925
July 2025$925
August 2025$903
September 2025$900
October 2025$739
November 2025$809
December 2025$837
January 2026$801
February 2026$816
March 2026$818
April 2026$795
May 2026$848
June 2026$749
July 2026$801
August 2026$800
September 2026$805

Affordability calculator

Can I afford to live at 201 South Waverly Road?

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

$31,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $31,000 annually to afford this 1-bedroom monthly rent price of $775.
For more information on rent affordability, visit our rent calculator.

Schools near The Wave

Colt Early Childhood Education Center

4344 w michigan ave

lansing, MI, 48917

PK, KPublic
B

Winans Elementary School

5401 w michigan ave

lansing, MI, 48917

1-4Public
C

Elmwood Elementary School

1533 elmwood rd

lansing, MI, 48917

1-4Public
C+

Capital Area K12 Online

4200 wainwright ave

lansing, MI, 48911

K-12Public

Gardner International School

333 dahlia dr

lansing, MI, 48911

K-8Public
C-
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Internet available near The Wave

Getting around Lansing near 201 South Waverly Road

Walking

5/10
Some shops and stores are within a few minutes.

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 201 South Waverly Road, Lansing

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

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

High schools

7/10
At least one high school within a 20-minute walk

Nightlife

4/10
Few or no bars within walking distance

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