Cheap Apartments for Rent near Waco, MO from $500 (53 Rentals)

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

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.

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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.

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Rustic Ridge Villas
Rent Specials
$970 - $1,170
Total Monthly Price

Total Monthly Price

Base Rent
$970 - $1,170
Total Monthly Price
$970 - $1,170
1 to 2 Bedroom Apartments Available Aug 1

Rustic Ridge Villas

404 N Cattleman DrJoplin, MO 64801
Pet Friendly
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  • Customer Reviewed
  • Utilities Included
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The Maddox
$1,084 - $1,555
Total Monthly Price

Total Monthly Price

Base Rent
$1,084 - $1,555
Total Monthly Price
$1,084 - $1,555
1 to 3 Bedroom Apartments Available Now

The Maddox

1389 W Centerton BlvdCenterton, AR 72719
Affordability
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  • Customer Reviewed
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LamBar Place
1 Bedroom Apartments

LamBar Place

415 S Broadway StPittsburg, KS 66762
  • Utilities Included

Cash 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.

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Ash Place
1 to 2 Bedroom Apartments

Ash Place

2095 N Ash StNevada, MO 64772
Senior Living
  • Utilities Included
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Eldo Suites Apartments
1 to 2 Bedroom Apartments

Eldo Suites Apartments

311 U.S. 54El Dorado Springs, MO 64744
  • Utilities Included
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University Digs Apartments
Studio to 2 Bedroom Apartments

University Digs Apartments

1902 S Broadway StPittsburg, KS 66762
Student Housing
  • Utilities Included
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Casa Del Sol Complex
Studio to 4 Bedroom Apartments

Casa Del Sol Complex

3982 CR 1675Coffeyville, KS 67337
  • Utilities Included
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Northpark Apartments
1 to 3 Bedroom Apartments

Northpark Apartments

3502 Newman RdJoplin, MO 64801
  • Utilities Included

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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Midtown Cottages
1 Bedroom Apartments

Midtown Cottages

801 Peters AvenueJoplin, MO 64801
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Waco, MO Local Guide

Cheapest Available Waco Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waco, MO is a Studio unit found at The Dels - Pittsburg priced from $525. Baxter Springs Senior Residences has the second lowest priced unit, which is a 1 Bed apartment currently listed from $561. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Dels - PittsburgStudioStudio,1BA$525
Baxter Springs Senior Residences1x1 40%1BR,1BA$561
Zahn ApartmentsOne Bedroom1BR,1BA$604
Monett Meadows (Sunset Villa Apartments)1 bed /1 bath1BR,1BA$650
Eldorado SpringsForest Grove1BR,1BA$660
University Digs ApartmentsStudios/ Jr 1 BedStudio,1BA$699
Monett MeadowsTwo Bed/1 Bath2BR,1BA$726
Summerfield Apartments & MicroUnits2 Bedroom2BR,2BA$760
Pin Oak Apartments2 Bed 2 Bath2BR,2BA$800
Brentwood Pointe ApartmentsC-13BR,2BA$815

Best Value Apartments for Rent in Waco, MO and Nearby

As of July 16, 2026 the best value apartment in the Waco area is the $0.64 price per square foot C-1 Model at Brentwood Pointe Apartments in the starting from $815. The second greatest value Waco apartment is the 3 Bedroom, 2 Bathroom Model at Oak Court starting at $1,195 with a $1.08 price per square foot in the West Springfield neighborhood. Here is today’s list of the best values for Waco apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brentwood Pointe ApartmentsC-13BR,2BA$0.64
Oak Court3 Bedroom, 2 Bathroom3BR,2BA$1.08
Pin Oak Apartments2 Bed 2 Bath2BR,2BA$0.73
Zahn ApartmentsTwo Bedroom2BR,1BA$0.76
Peachtree ApartmentsModel 1 A2BR,1BA$0.93
Republic Palms1 Bedroom. 1 Bathroom1BR,1BA$1.12
Monett MeadowsTwo Bed/1 Bath2BR,1BA$1.03
Baxter Springs Senior Residences1x1 40%1BR,1BA$0.87
Eldorado SpringsForest Grove1BR,1BA$1.10
The Dels - PittsburgStudioStudio ,1BA$1.05

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.

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Real 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.

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Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waco, MO Rentals by Map

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See the most popular apartments and homes in Waco, MO

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Frequently Asked Questions about Cheap Waco Apartments

What is the Cheapest Studio apartment in Waco?

Currently the most affordable Cheap Studio Apartment in Waco is at The Dels - Pittsburg listed at $525.

How much is rent for a Cheap One Bedroom Waco Apartment?

The lowest price for a Cheap One Bedroom Waco Apartment is $561 at Baxter Springs Senior Residences.

What is the lowest price for a Cheap Two Bedroom Waco Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waco is starting from $726 at Monett Meadows.

What is the most affordable Waco Three Bedroom Apartment?

The best deal on a cheap Waco Three Bedroom Apartment rental is at Brentwood Pointe Apartments and starts from $815.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.