
Cheap Homes for Rent in Lorena, TX from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lorena.


910 Lancelot Cir

1375 Old Bethany Rd
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.

111 Lindenwood Ln W

2332 Breezy Dr

2205 Kirby Lee St
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.

915 Vanessa Dr
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 | $1,330 | $1,050 | $1,950 |
| Lorena 3 Bedroom Homes for Rent | $1,968 | $1,495 | $2,900 |
| Lorena 4 Bedroom Homes for Rent | $2,665 | $2,195 | $3,750 |
| Lorena 5 Bedroom Homes for Rent | $2,125 | $450 | $3,800 |
Browse Top Homes for Rent in Lorena
Explore Lorena
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. The Edmond in the Parkdale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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 |
| The Edmond | The Armstrong | Studio,1BA | $799 |
| Heritage Square | B | 1BR,1BA | $833 |
Best Value Apartments for Rent in Lorena, TX and Nearby
As of November 22, 2025 the best value apartment in the Lorena area is the $1.00 price per square foot 2 Bed Townhome Model at Park Place Apartments in the in the Parkdale neighborhood starting from $1,300. The second greatest value Lorena apartment is the 2 Bed Townhome Model at Woodway Park Condominiums starting at $1,200 with a $1.00 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. |
|---|---|---|---|
| Park Place Apartments | 2 Bed Townhome | 2BR,2.5BA | $1.00 |
| Woodway Park Condominiums | 2 Bed Townhome | 2BR,1.5BA | $1.00 |
| MeadowPark | Townhome | 2BR,2.5BA | $1.14 |
| Brookview Hills | 2 Bedroom, 1 Bathroom Townhome | 2BR,1BA | $1.21 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| Waco Apartments | 3 Bedroom 1 bath | 3BR,1BA | $1.05 |
| Lake Air Green Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| The Residence at CTM | A1 Roper | 1BR,1BA | $1.39 |
| The Retreat at CTM | Mason (A1) | 1BR,1BA | $1.39 |
| Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $1.21 |
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 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
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Pet Friendly LifestyleLorena, TX
Ranked #722
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 47 Apartments for Rent in Lorena, TX with pricing that ranges from $739 to $2,199. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorena ranging from $450 to $3,800.
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 $450 to $3,800 with an average monthly rent of $2,022.
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 $2,199, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,900. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $739.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.