
Cheap Homes for Rent near Waco, MO from $650 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Waco.


413 Fieldcrest Dr

215 Belleville

106 W Hudson

1015 S St Louis Ave

468 Fieldcrest Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

4557 E Zora St

1301 E 9th St

122 Fairway Ave

126 Fairway Ave

306 S Joplin St

917 E Washington St
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.

3216 E 12th St

809 W 6th St

601 Valley View

330 N Mina Ave

1907 Campbell Pkwy

910 S Jackson Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $934 | $725 | $1,895 |
| Waco 3 Bedroom Homes for Rent | $1,339 | $950 | $2,000 |
| Waco 4 Bedroom Homes for Rent | $1,450 | $1,450 | $1,450 |
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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 August 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brentwood Pointe Apartments | C-1 | 3BR,2BA | $0.64 |
| Oak Court | 3 Bedroom, 2 Bathroom | 3BR,2BA | $1.08 |
| The Docks Apartments | The Dock Apartment 2BR2BA | 2BR,2BA | $0.89 |
| Zahn Apartments | Two Bedroom | 2BR,1BA | $0.76 |
| Republic Palms | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.05 |
| Airport Landings | 2 BR 1BA Airport Landing | 2BR,1BA | $1.04 |
| Crimson Villas | Two Bedroom – Two Bath | 2BR,2BA | $0.76 |
| Monett Meadows | Two Bed/1 Bath | 2BR,1BA | $1.03 |
| 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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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 61 Apartments for Rent in Waco, MO with pricing that ranges from $525 to $3,605. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $650 to $2,000.
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 $650 to $2,000 with an average monthly rent of $1,173.
How much are larger Three and Four Bedroom Rentals in Waco?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waco range from $815 to $3,605, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,975.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.