
Cheap Homes for Rent near Waco, MO from $400 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Waco.


930 N Goetz Blvd

1001 S St Louis Ave

919 E Washington St

208 E Park 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.

110 W 10th St

122 Fairway Ave

126 Fairway Ave

310 Martin Ave

1604 N Joplin 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.

809 W 6th St

838 S Patterson Ave

3330 N St Louis Ave

1401 1/2 S Sergeant Ave

910 S Jackson Ave
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.
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 | $1,066 | $775 | $1,895 |
| Waco 3 Bedroom Homes for Rent | $1,405 | $900 | $2,000 |
| Waco 4 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
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 |
| Monett Meadows (Sunset Villa Apartments) | 1 bed /1 bath | 1BR,1BA | $650 |
| Brentwood Pointe Apartments | B-1 | 2BR,1BA | $654 |
Best Value Apartments for Rent in Waco, MO and Nearby
As of July 12, 2026 the best value apartment in the Waco area is the $1.08 price per square foot 3 Bedroom, 2 Bathroom Model at Oak Court in the in the West Springfield neighborhood starting from $1,195. The second greatest value Waco apartment is the Docks 2BR 2BA ground floor Model at Airport Landings and The Docks Apartments starting at $995 with a $0.90 price per square foot in the Town of Lehigh 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. |
|---|---|---|---|
| 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 |
| Peachtree Apartments | Model 1 A | 2BR,1BA | $0.93 |
| Brentwood Pointe Apartments | B-1 | 2BR,1BA | $0.90 |
| 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 |
| The Dels - Pittsburg | Studio | Studio ,1BA | $1.05 |
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 $3,665. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $425 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 $425 to $2,000 with an average monthly rent of $991.
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 $3,665, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,300 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.