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Waverly is a city in Lancaster County, Nebraska, within the Lincoln metropolitan area, with 4,279 residents in the 2020 census.

Waverly was platted in 1870 when the railroad was extended to that point.

The city was named after Sir Walter Scott's 1814 historical novel Waverley, and several of Waverly's street names were taken from the novel as well.

Waverly was incorporated as a village in 1885.

Waverly has grown explosively alongside Lincoln's expansion, jumping from 2,448 residents in 2000 to 3,277 in 2010 and 4,279 in 2020 — gains of more than 30 percent in back-to-back censuses.

The 2020 census counted 4,279 people in 1,469 households in Waverly, and about a third of its residents — 33.5 percent — were under the age of 18.

Waverly is served by Waverly School District 145, whose campuses include Evelyn Hamlow Elementary School, Waverly Intermediate School, Waverly Middle School, and Waverly High School.

Between 1921 and 1966, Waverly consolidated its school district with several surrounding rural districts, laying the foundation for today's District 145 system.

Waverly covers about 2.43 square miles, all land, on the prairie northeast of Lincoln at an elevation of about 1,125 feet.

Waverly was the home of plant breeder Henry Beachell (1906–2006) and of Nebraska politician Charles J. Warner.