Zumper
modified
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 is highly rated with an overall score of 9.5, highlighting its exceptional value and quality. It features new appliances, remodeled kitchens, and controlled access, along with a competitive pricing structure and superior location with easy access to key amenities and transportation. With a strong emphasis on trustworthiness and transparency, this property stands out for its impressive features and affordability.

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

9.5
Excellent
The Wave is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.

Things you’ll love

  • Middle school nearby
  • Less expensive

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

Dog policy

Allowed 

Cat policy

Allowed 

Cats and small dogs allowed. Contact for more information on pet policy.

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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.
9.5
/10
Excellent
The Wave is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Location, which help to make this rental a great place to call home.
How we rated The Wave
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.
The Wave 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·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

Middle school nearby
There is a middle school 1 mile away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
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 22% lower than 1-bedrooms in Lansing.

If you decide to upgrade your space, you can expect 2-bedrooms at The Wave to be 10% less than the average for similarly sized apartments in Lansing.

Median rents as of Sep 13 2025.
Lansing
A table of studio rental data trends in Lansing
MonthMedian Rent
September 2023$704
October 2023$703
November 2023$696
December 2023$697
January 2024$688
February 2024$695
March 2024$703
April 2024$726
May 2024$696
June 2024$698
July 2024$731
August 2024$772
September 2024$847
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$917

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+
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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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