Waverly is a town in Franklin County, New York, United States.

The St. Regis Falls area was a major lumber producer, and the Northern Adirondack Railroad was built from Moira, connecting the area to the Ogdensburg and Lake Champlain Railroad.

The Azure Mountain Fire Observation Station was listed on the National Register of Historic Places in 2001.

New York State Route 458 is an east–west highway through the northern section of the town.

The racial makeup of the town was 99.19% White, 0.27% Native American, and 0.54% from two or more races.