
Cheap Homes for Rent in Waco, MO from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Waco.


107 W Lindburg St

313 N Kentucky St

1008 S Rouse St

919 E Washington St

605 N Hall St
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.

208 E Park St

716 Columbus St

714 Columbus St

712 Columbus St

725 S Empire Ave

201 W Madison St
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.

910 S Jackson Ave
Waco, MO Local Guide

How much does it cost to rent a home in Waco?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waco 2 Bedroom Homes for Rent | $989 | $725 | $1,895 |
| Waco 3 Bedroom Homes for Rent | $1,406 | $1,000 | $1,900 |
Browse Top Homes for Rent in Waco
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Waco, MO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Dels - Pittsburg | Studio | Studio,1BA | $525 |
| Baxter Springs Senior Residences | 1x1 40% | 1BR,1BA | $561 |
| Zahn Apartments | One Bedroom | 1BR,1BA | $604 |
| Eldorado Springs | Forest Grove | 1BR,1BA | $660 |
| University Digs Apartments | Studios/ Jr 1 Bed | Studio,1BA | $699 |
Best Value Apartments for Rent in Waco, MO and Nearby
As of May 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Valley Oaks | 3/2 | 3BR,2BA | $1.10 |
| Oak Court | 3 Bedroom, 2 Bathroom | 3BR,2BA | $1.08 |
| Airport Landings and The Docks Apartments | Docks 2BR 2BA ground floor | 2BR,2BA | $0.90 |
| Pin Oak Apartments | 2 Bed 2 Bath | 2BR,2BA | $0.73 |
| Zahn Apartments | Two Bedroom | 2BR,1BA | $0.76 |
| Eldo Suites Apartments | 2 BR 1 BA | 2BR,1BA | $1.10 |
| Peachtree Apartments | Model 1 A | 2BR,1BA | $0.93 |
| The Plaza of Webb City | 1 Bedroom | 1BR,1BA | $1.09 |
| Baxter Springs Senior Residences | 1x1 40% | 1BR,1BA | $0.87 |
| Eldorado Springs | Forest Grove | 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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Waco
What type of rentals are currently available in Waco?
There are currently 59 Apartments for Rent in Waco, MO with pricing that ranges from $525 to $3,195. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $425 to $1,900.
What is the current price range for Rental Homes in Waco?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waco ranges from $425 to $1,900 with an average monthly rent of $1,021.
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

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.

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.

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.

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.