Cheap Apartments for Rent in Lorena, TX from $600 (26 Rentals)

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

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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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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South Terrace
1 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
  • Utilities Included
Showing Results 1-26, 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 1 Bed unit found at South Terrace in the South End neighborhood priced from $658. The Edmond in the Parkdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Lorena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
The EdmondThe Baylor1BR,1BA$795
Heritage SquareA1BR,1BA$798
Azur1 Bed, 1 Bath1BR,1BA$890
Legacy Ridge1x11BR,1BA$895
Sandstone1 Bed, 1 Bath1BR,1BA$916
Prime Properties Waco1Bed-1Bath1BR,1BA$925
Madeira ApartmentsMatador1BR,1BA$945
Woodhollow ApartmentsA1-D 1X11BR,1BA$949
TribecaOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Lorena, TX and Nearby

As of June 17, 2025 the best value apartment in the Lorena area is the $1.14 price per square foot Townhome Model at MeadowPark in the in the West Waco neighborhood starting from $1,250. The second greatest value Lorena apartment is the 1 Bed 1 Bath Model at Tuscany Ranch Apartments starting at $1,359 with a $1.59 price per square foot in the Oakwood 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.
MeadowParkTownhome2BR,2.5BA$1.14
Tuscany Ranch Apartments1 Bed 1 Bath1BR,1BA$1.59
Legacy Ridge1x11BR,1BA$1.05
The EdmondThe Baylor1BR,1BA$1.04
The Retreat at CTMMason (A1)1BR,1BA$1.56
Prime Properties Waco1Bed-1Bath1BR,1BA$1.31
The Midway1x11BR,1BA$1.50
South Terrace1x11BR,1BA$1.07
Azur1 Bed, 1 Bath1BR,1BA$1.48
Heritage SquareA1BR,1BA$1.39

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Best Local Schools in
Lorena, TX

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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See the most popular apartments and homes in Lorena, TX

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $799 at The Edmond.

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.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.