Cheap Apartments for Rent in Waco, MO from $500 (54 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 Now

Rustic Ridge Villas

404 N Cattleman DrJoplin, MO 64801
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Maddox
$1,035 - $1,555
Total Monthly Price

Total Monthly Price

Base Rent
$1,035 - $1,555
Total Monthly Price
$1,035 - $1,555
1 to 3 Bedroom Apartments Available Now

The Maddox

1389 W Centerton BlvdCenterton, AR 72719
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
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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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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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
Summerfield Apartments & MicroUnits2 Bedroom2BR,2BA$760
Pin Oak Apartments2 Bed 2 Bath2BR,2BA$800
Brick + Mortar LoftsstudioStudio,1BA$850
Peachtree ApartmentsModel 1 A2BR,1BA$875

Best Value Apartments for Rent in Waco, MO and Nearby

As of June 01, 2026 the best value apartment in the Waco area is the $1.10 price per square foot 3/2 Model at Valley Oaks in the in the Tranquillity Place neighborhood starting from $1,595. 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.
Valley Oaks3/23BR,2BA$1.10
Oak Court3 Bedroom, 2 Bathroom3BR,2BA$1.08
Airport Landings and The Docks ApartmentsDocks 2BR 2BA ground floor2BR,2BA$0.90
Pin Oak Apartments2 Bed 2 Bath2BR,2BA$0.73
Zahn ApartmentsTwo Bedroom2BR,1BA$0.76
Eldo Suites Apartments2 BR 1 BA2BR,1BA$1.10
Peachtree ApartmentsModel 1 A2BR,1BA$0.93
Spring HillOak2BR,2BA$1.03
Baxter Springs Senior Residences1x1 40%1BR,1BA$0.87
Eldorado SpringsForest Grove1BR,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.

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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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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!

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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 $760 at Summerfield Apartments & MicroUnits.

What is the most affordable Waco Three Bedroom Apartment?

The best deal on a cheap Waco Three Bedroom Apartment rental is at Oak Court and starts from $1,195.

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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

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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.