
Cheap Homes for Rent in Lorena, TX from $750 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lorena.


2700 W Waco Dr

214 Melissa St
Waco's Best Affordable Neighborhoods
Learn about Waco and the best places to live with original content written by our Texas Local Expert Rhonda R Fletcher

2208 Breezy Dr

1619 Breezy Dr

908 Lancelot Cir
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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 | $1,217 | $1,050 | $1,350 |
| Lorena 3 Bedroom Homes for Rent | $1,874 | $1,495 | $2,500 |
| Lorena 4 Bedroom Homes for Rent | $2,817 | $750 | $8,500 |
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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 1 Bed unit found at South Terrace in the South End neighborhood priced from $697. University Edge Waco in the South End neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $745. Here is today’s list of the most affordable Lorena apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South Terrace | 1x1 | 1BR,1BA | $697 |
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| Rambler Heights | 1 Bedroom | 1BR,1BA | $750 |
Best Value Apartments for Rent in Lorena, TX and Nearby
As of September 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 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| The Edmond Apartments | 2X1 | 2BR,1BA | $1.21 |
| Westwood Villa Apartments | 1BR/1BA | 1BR,1BA | $1.24 |
| Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $1.24 |
| Rambler Heights | 1 Bedroom | 1BR,1BA | $1.10 |
| South Terrace | 1x1 | 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 ArticleNavigating 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.
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
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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 $2,438. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorena ranging from $750 to $8,500.
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 $8,500 with an average monthly rent of $2,075.
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 $1,955, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,500. 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

Top Neighborhoods to Rent Near Major Colleges and Universities in Waco
Written by: Rhonda R Fletcher
Hi, I'm Rhonda, your ApartmentHomeLiving.com Local Expert for Waco, Texas. Waco is a fun town (even for Longhorns). There are some great diners and beautiful landmarks.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.