3214 Ferndale Dr
WacoTX76706
Cheap Homes for Rent in Lorena, TX from $1,000 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Lorena.
2700 W Waco Dr
WacoTX76710
8824 Old McGregor Rd
WoodwayTX76712
100 Gruver Dr
HewittTX76643
3921 Roselawn Dr
WacoTX76710
120 Forest Creek Ln
BrucevilleTX76630
202 Ave F Ave
MoodyTX76557
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.
4013 James Ave
WacoTX76711
17307 Old 81
TroyTX76579
6700 Old Briarstown Dr
WacoTX76710
218 Kettler Dr
RobinsonTX76706
1309 Chapelwood Dr
WacoTX76712
211 Cathy Dr
RobinsonTX76706
3204 Ferndale Dr
WacoTX76706
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.
Showing Results 1-14, Page 1 of 1
Lorena, TX Local Guide
Downtown Lorena by Wiki User: Renelibrary is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Lorena?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lorena 2 Bedroom Homes for Rent | $1,331 | $1,050 | $1,900 |
| Lorena 3 Bedroom Homes for Rent | $1,896 | $1,150 | $2,400 |
| Lorena 4 Bedroom Homes for Rent | $2,315 | $1,195 | $2,650 |
Browse Top Homes for Rent in Lorena
Explore Lorena
Lorena, TX Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| Rambler Heights | 1 Bedroom | 1BR,1BA | $750 |
| Avila | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $755 |
| Heritage Square | A | 1BR,1BA | $774 |
| The Edmond | The Armstrong | Studio,1BA | $799 |
Best Value Apartments for Rent in Lorena, TX and Nearby
As of April 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Woodway Park Condominiums | 2 Bed Townhome | 2BR,1.5BA | $1.00 |
| Park Place Apartments | Two Bedroom | 2BR,2BA | $1.04 |
| MeadowPark | Townhome | 2BR,2.5BA | $1.14 |
| The Residence at CTM | B1 Stetson | 2BR,2BA | $1.24 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| Lake Air Green Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| The Cove on 21st | B1R | 2BR,2BA | $1.34 |
| Sunrise Pointe | B1 | 2BR,1BA | $1.19 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.25 |
| Rambler Heights | 1 Bedroom | 1BR,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.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleTop 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
Read ArticleQuick 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
See the most popular apartments and homes in Lorena, TX
Frequently Asked Questions about Lorena
What type of rentals are currently available in Lorena?
There are currently 49 Apartments for Rent in Lorena, TX with pricing that ranges from $739 to $2,182. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorena ranging from $1,000 to $2,650.
What is the current price range for Rental Homes in Lorena?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lorena ranges from $1,000 to $2,650 with an average monthly rent of $1,684.
How much are larger Three and Four Bedroom Rentals in Lorena?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lorena range from $739 to $1,940, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $739.
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
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.
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.
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.
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.