Cheap Apartments for Rent in Lorena, TX from $600 (56 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
$943 - $1,308
Total Monthly Price

Total Monthly Price

Base Rent
$943 - $1,308
Total Monthly Price
$943 - $1,308
1 to 3 Bedroom Apartments Available Now

The Cove on 21st

2425 S 21st StWaco, TX 76706
Corporate Housing
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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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Roots at Waco
Rent Specials
$1,206 - $1,778
Total Monthly Price

Total Monthly Price

Base Rent
$1,206 - $1,778
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Roots at Waco

3001 S New RdWaco, TX 76706
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Bend at New Road
$1,249 - $1,809
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $1,809
Total Monthly Price
$1,249 - $1,809
1 to 2 Bedroom Apartments Available Now

Bend at New Road

3000 S New RdWaco, TX 76706
Eco-Friendly
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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 Residence at CTM
Rent Specials
$1,279 - $2,111
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $2,111
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Residence at CTM

5210 Bagby AveWaco, TX 76711
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Icon at Hewitt
$1,279 - $1,789
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $1,789
Total Monthly Price
$1,279 - $1,789
1 to 2 Bedroom Apartments Available Apr 30

Icon at Hewitt

201 Ritchie RdHewitt, TX 76643
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LUXE AT 1300
$1,279 - $2,301
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $2,301
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

LUXE AT 1300

1300 Placid CirWaco, TX 76706
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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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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

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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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

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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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
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$755
Heritage SquareA1BR,1BA$774
The EdmondThe ArmstrongStudio,1BA$799
Sunrise PointeA11BR,1BA$840
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$909
Sandstone1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$913
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$923
Woodhollow ApartmentsA1-P 1x11BR,1BA$935

Best Value Apartments for Rent in Lorena, TX and Nearby

As of April 27, 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 Two Bedroom Model at Park Place 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
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
MeadowParkTownhome2BR,2.5BA$1.14
The Residence at CTMB1 Stetson2BR,2BA$1.24
University Edge WacoPlan B2BR,2BA$0.82
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
The Cove on 21stB1R2BR,2BA$1.34
Sunrise PointeB12BR,1BA$1.19
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.25
Rambler Heights1 Bedroom1BR,1BA$1.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Lorena, TX

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

Explore Lorena, TX Rentals by Map

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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 Heritage Square and starts from $1,263.

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

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

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.