
Cheap Homes for Rent in Lorena, TX from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Lorena.


283 Crescent Creek Ln

3812 Hiland Dr

2700 W Waco Dr

8824 Old McGregor Rd

1713 Breezy Dr
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.

3824 Rolando Ave

17307 Old 81

906 Lancelot Cir

1627 Breezy Dr

814 Chambers Creek Cir

1901 Dutton Ave
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.
Lorena, TX Local Guide

How much does it cost to rent a home in Lorena?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lorena 2 Bedroom Homes for Rent | $1,299 | $1,050 | $1,600 |
| Lorena 3 Bedroom Homes for Rent | $1,935 | $995 | $2,750 |
| Lorena 4 Bedroom Homes for Rent | $2,209 | $750 | $2,695 |
| Lorena 5 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Top Homes for Rent in Lorena
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Lorena, TX Local Guide
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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 |
| Sunrise Pointe | A1 | 1BR,1BA | $840 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $909 |
| Westwood Villa Apartments | 1BR/1BA | 1BR,1BA | $915 |
Best Value Apartments for Rent in Lorena, TX and Nearby
As of June 14, 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 2 Bed, 2 Bath Model at Lake Air Green 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 |
| Lake Air Green Apartments | 2 Bed, 2 Bath | 2BR,2BA | $1.04 |
| Park Place Apartments | 2 Bed Townhome | 2BR,2.5BA | $1.13 |
| MeadowPark | Townhome | 2BR,2.5BA | $1.14 |
| The Colony Apartments | Unit E | 2BR,2BA | $1.31 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| Westwood Villa Apartments | 1BR/1BA | 1BR,1BA | $1.24 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.25 |
| Sunrise Pointe | A1 | 1BR,1BA | $1.18 |
| Rambler Heights | 1 Bedroom | 1BR,1BA | $1.10 |
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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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 51 Apartments for Rent in Lorena, TX with pricing that ranges from $739 to $2,312. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorena ranging from $750 to $2,995.
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 $750 to $2,995 with an average monthly rent of $2,092.
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 $2,113, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,750. Four Bedroom Single-Family rentals are also available starting from $750 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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.