Cheap Apartments for Rent in Lorena, TX from $600 (18 Rentals)

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

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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

Lorena, TX Local Guide

Cheapest Available Lorena Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lorena, TX is a 1 Bed unit found at South Terrace in the South End neighborhood priced from $658. University Edge Waco in the South End neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $705. Here is today’s list of the most affordable Lorena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
University Edge WacoPlan E4BR,4BA$705
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$786
The Cove on 21stA11BR,1BA$875
Prime Properties Waco1Bed-1Bath1BR,1BA$875

Best Value Apartments for Rent in Lorena, TX and Nearby

As of September 13, 2025 the best value apartment in the Lorena area is the $0.87 price per square foot The Ranger Model at The Edmond in the in the Parkdale neighborhood starting from $1,394. The second greatest value Lorena apartment is the Two Bedroom Townhome Model at Park Place Apartments starting at $1,300 with a $1.00 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.
The EdmondThe Ranger3BR,3BA$0.87
Park Place ApartmentsTwo Bedroom Townhome2BR,2.5BA$1.00
Woodway Park CondominiumsTwo Bedroom Townhome2BR,1.5BA$1.00
MeadowParkTownhome2BR,2.5BA$1.14
University Edge WacoPlan C2BR,2BA$0.80
Lake Air Green ApartmentsOne Bedroom1BR,1BA$1.24
Brookside ApartmentsOne Bedroom1BR,1BA$1.37
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.26
Prime Properties Waco1Bed-1Bath1BR,1BA$1.24
South Terrace1x11BR,1BA$1.07

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Pet Friendly Lifestyle
Lorena, TX

Ranked #519

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Lorena, TX Rentals by Map

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Getting Around Lorena, TX

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $658 at South Terrace.

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 $975 at Prime Properties Waco.

What is the most affordable Lorena Three Bedroom Apartment?

The best deal on a cheap Lorena Three Bedroom Apartment rental is at Prime Properties Waco and starts from $1,150.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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