Cheap Apartments for Rent in Lorena, TX from $600 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lorena.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Cove on 21st
Rent Specials
$943 - $1,273
Total Monthly Price

Total Monthly Price

Base Rent
$943 - $1,273
Total Monthly Price
$943 - $1,273
1 to 3 Bedroom Apartments Available Now

The Cove on 21st

2425 S 21st StWaco, TX 76706
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Bend at New Road
$1,259 - $1,819
Total Monthly Price

Total Monthly Price

Base Rent
$1,259 - $1,819
Total Monthly Price
$1,259 - $1,819
1 to 2 Bedroom Apartments Contact Us For Availability

Bend at New Road

3000 S New RdWaco, TX 76706
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Icon at Hewitt
$1,289 - $1,799
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $1,799
Total Monthly Price
$1,289 - $1,799
1 to 2 Bedroom Apartments Available Jul 11

Icon at Hewitt

201 Ritchie RdHewitt, TX 76643
Luxury
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South Terrace
1 to 4 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710
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Prime Properties Waco
1 to 4 Bedroom Apartments

Prime Properties Waco

1800 Primrose DrWaco, TX 76706
Corporate Housing
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19Eleven
1 to 4 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing
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Tribeca
1 to 2 Bedroom Apartments

Tribeca

4801 Sanger AveWaco, TX 76710

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Midway
1 to 3 Bedroom Apartments

The Midway

416 Owen LnWaco, TX 76710
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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 1

Lorena, TX Local Guide

Cheapest Available Lorena Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lorena, TX is a 4 Beds unit found at University Edge Waco in the South End neighborhood priced from $745. Rambler Heights in the Parkdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Lorena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Edge WacoPlan E4BR,4BA$745
Rambler Heights1 Bedroom1BR,1BA$750
Sunrise PointeA11BR,1BA$840
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$909
Westwood Villa Apartments1BR/1BA1BR,1BA$915
Sandstone1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$928
Heritage SquareA1BR,1BA$930
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$942
The Cove on 21stA11BR,1BA$943
Madeira ApartmentsA1 1x11BR,1BA$945

Best Value Apartments for Rent in Lorena, TX and Nearby

As of June 14, 2026 the best value apartment in the Lorena area is the $1.00 price per square foot 2 Bed Townhome Model at Woodway Park Condominiums in the in the Parkdale neighborhood starting from $1,200. The second greatest value Lorena apartment is the 2 Bed, 2 Bath Model at Lake Air Green Apartments starting at $1,200 with a $1.04 price per square foot in the Parkdale neighborhood. Here is today’s list of the best values for Lorena apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Lake Air Green Apartments2 Bed, 2 Bath2BR,2BA$1.04
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.13
MeadowParkTownhome2BR,2.5BA$1.14
The Colony ApartmentsUnit E2BR,2BA$1.31
University Edge WacoPlan B2BR,2BA$0.82
Westwood Villa Apartments1BR/1BA1BR,1BA$1.24
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.25
Sunrise PointeA11BR,1BA$1.18
Rambler Heights1 Bedroom1BR,1BA$1.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Waco

A Local Experts Guide to The Neighborhoods for Student Housing near Colleges and Universities in Waco. Find your perfect Waco apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Lorena, TX

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lorena, TX Rentals by Map

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See the most popular apartments and homes in Lorena, TX

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Frequently Asked Questions about Cheap Lorena Apartments

How much is rent for a Cheap One Bedroom Lorena Apartment?

The lowest price for a Cheap One Bedroom Lorena Apartment is $750 at Rambler Heights.

What is the lowest price for a Cheap Two Bedroom Lorena Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lorena is starting from $895 at Rambler Heights.

What is the most affordable Lorena Three Bedroom Apartment?

The best deal on a cheap Lorena Three Bedroom Apartment rental is at The Edmond Apartments and starts from $1,359.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX

Written by: Rhonda R Fletcher

Hi, I'm Rhonda, your ApartmentHomeLiving.com Local Expert for Waco, Texas. I've lived in Central Texas for over 25 years and have seen a lot of change and growth in the Waco area.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.