
Cheap Homes for Rent in Waco, MO from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Waco.


1728 S Walnut St

117-121 S Byers Ave

121 S Byers Ave

510 W 3rd 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.

919 E Washington St

208 E Park St

1914 John F Kennedy St

2008 John F Kennedy St

4511 Dirt Rd
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.

202 South St

516 E Monroe St

1304 S Joplin St

200 E Zora St

627b S Walker St
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.

415 E Jackson St

509 E Jefferson St
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 | $931 | $725 | $1,150 |
| Waco 3 Bedroom Homes for Rent | $1,259 | $949 | $1,800 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Baxter Springs Senior Residences | 1x1 40% | 1BR,1BA | $561 |
| Zahn Apartments | One Bedroom | 1BR,1BA | $604 |
| Monett Meadows (Sunset Villa Apartments) | 1 bed /1 bath | 1BR,1BA | $650 |
| 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Valley Oaks | 3/2 | 3BR,2BA | $1.07 |
| 17th Place | 2 Bed 2 Bath | 2BR,2BA | $0.92 |
| Airport Landings and The Docks Apartments | Docks 2BR 2BA ground floor | 2BR,2BA | $0.90 |
| Zahn Apartments | Two Bedroom | 2BR,1BA | $0.76 |
| Republic Palms | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.05 |
| Peachtree Apartments | Model 1 A | 2BR,1BA | $0.93 |
| The Plaza of Webb City | 1 Bedroom | 1BR,1BA | $1.09 |
| Crimson Villas | Two Bedroom – Two Bath | 2BR,2BA | $0.63 |
| Monett Meadows | Two Bed/1 Bath | 2BR,1BA | $1.03 |
| Baxter Springs Senior Residences | 1x1 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.
Read ArticleDon'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 ArticleCash 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.
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!
Explore Waco, MO Rentals by Map
See the most popular apartments and homes in Waco, MO
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 $3,375. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $575 to $1,800.
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 $575 to $1,800 with an average monthly rent of $1,039.
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

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.

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.

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.

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.