Cheap Apartments for Rent in Lorena, TX from $700 (25 Rentals)

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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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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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710
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19Eleven
1 to 4 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing
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The Midway
1 to 3 Bedroom Apartments

The Midway

416 Owen LnWaco, TX 76710

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
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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. Saddle Brook Apartments in the Richland Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Lorena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Edge WacoPlan E4BR,4BA$745
Saddle Brook ApartmentsAbby1BR,1BA$799
The EdmondThe ArmstrongStudio,1BA$799
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$842
The Cove on 21stA11BR,1BA$850

Best Value Apartments for Rent in Lorena, TX and Nearby

As of January 22, 2026 the best value apartment in the Lorena area is the $1.18 price per square foot C1 Wrangler Model at The Residence at CTM in the in the Alta Vista neighborhood starting from $1,499. The second greatest value Lorena apartment is the 2 Bed Townhome Model at Woodway Park Condominiums starting at $1,200 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 Residence at CTMC1 Wrangler3BR,2BA$1.18
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
MeadowParkTownhome2BR,2.5BA$1.14
University Edge WacoPlan B2BR,2BA$0.82
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Flats on ChapelA21BR,1BA$1.38
Brookside ApartmentsOne Bedroom1BR,1BA$1.37
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.29
Prime Properties Waco1Bed-1Bath1BR,1BA$1.21

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 $799 at Saddle Brook Apartments.

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 $903 at Heritage Square.

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

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.