Cheap Apartments for Rent in Waco, MO from $500 (61 Rentals)

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

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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Terrace Green Apartments
$805 - $1,175
Total Monthly Price

Total Monthly Price

Base Rent
$770 - $1,140
Required Monthly Fees
$35
Total Monthly Price
$805 - $1,175
Studio to 3 Bedroom Apartments Available Apr 17

Terrace Green Apartments

3900 E 7th StJoplin, MO 64801
Furnished
  • Verified
  • Customer Reviewed
  • 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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Spring Hill
$940 - $1,195
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $1,165
Required Monthly Fees
$30
Total Monthly Price
$940 - $1,195
1 to 3 Bedroom Apartments Available Now

Spring Hill

1605 E Hines StRepublic, MO 65738
  • Verified
  • Customer Reviewed
  • Low Income

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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The Maddox
Rent Specials
$1,029 - $1,609
Total Monthly Price

Total Monthly Price

Base Rent
$1,029 - $1,609
Total Monthly Price
$1,029 - $1,609
1 to 3 Bedroom Apartments Available Now

The Maddox

1389 W Centerton BlvdCenterton, AR 72719
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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Lumen Luxury Lofts
Rent Specials
$1,100 - $2,750
Total Monthly Price

Total Monthly Price

Base Rent
$570 - $2,220
Required Monthly Fees
$530
Total Monthly Price
$1,100 - $2,750
Studio to 2 Bedroom Apartments Available Now

Lumen Luxury Lofts

307 S Walton BlvdBentonville, AR 72712
Furnished
  • Verified
  • Customer Reviewed
  • Smoke Free
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LamBar Place
1 Bedroom Apartments

LamBar Place

415 S Broadway StPittsburg, KS 66762
  • Utilities Included
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Ash Place
1 to 2 Bedroom Apartments

Ash Place

2095 N Ash StNevada, MO 64772
Senior Living
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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

Navigating 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.

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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 1 Bed unit found at Baxter Springs Senior Residences priced from $561. Zahn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $604. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
Brick + Mortar LoftsstudioStudio,1BA$850
Trailside Place1 Bedroom / 1 Bathroom1BR,1BA$865
Peachtree ApartmentsModel 1 A2BR,1BA$875

Best Value Apartments for Rent in Waco, MO and Nearby

As of April 07, 2026 the best value apartment in the Waco area is the $1.07 price per square foot 3/2 Model at Valley Oaks in the in the Tranquillity Place neighborhood starting from $1,550. The second greatest value Waco apartment is the 2 Bed 2 Bath Model at 17th Place starting at $1,100 with a $0.92 price per square foot in the Windemere States 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$1.07
17th Place2 Bed 2 Bath2BR,2BA$0.92
Airport Landings and The Docks ApartmentsDocks 2BR 2BA ground floor2BR,2BA$0.90
Zahn ApartmentsTwo Bedroom2BR,1BA$0.76
Republic Palms2 Bedroom, 2 Bathroom2BR,2BA$1.05
Peachtree ApartmentsModel 1 A2BR,1BA$0.93
The Plaza of Webb City1 Bedroom1BR,1BA$1.09
Crimson VillasTwo Bedroom – Two Bath2BR,2BA$0.63
Monett MeadowsTwo Bed/1 Bath2BR,1BA$1.03
Baxter Springs Senior Residences1x1 40%1BR,1BA$0.87

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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Quick Rent Budget Calculator

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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!

Explore Waco, MO Rentals by Map

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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 University Digs Apartments listed at $699.

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 Republic Palms and starts from $1,395.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.