Cheap Homes for Rent in Waco, NC from $700 (12 Rentals)

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property at 304 Palm St

$875

2 Bedroom Rentals

Available Now

304 Palm St

ShelbyNC28150

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.

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.

Waco, NC Local Guide

Cheapest Available Waco Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waco, NC is a 1 Bed unit found at Central School Lofts in the Crowders View neighborhood priced from $748. Rutherford Crossing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Central School Lofts1 BR, 1BA1BR,1BA$748
Rutherford Crossing1 Bedroom1BR,1BA$760
Residences At Humboldt Lake1BR/1.0BA1BR,1BA$795
Residence at Humboldt Park Shelby's best 55+ Senior Living Community.1BR/1.0BA1BR,1BA$850
Leonard Greene1 bdr1BR,1BA$915

Best Value Apartments for Rent in Waco, NC and Nearby

As of April 24, 2026 the best value apartment in the Waco area is the $1.31 price per square foot C1 Model at Icon on The Greenway Apartments in the in the Newport Landing neighborhood starting from $1,695. The second greatest value Waco apartment is the 3B Classic Model at The Pointe on Lafayette starting at $1,350 with a $1.23 price per square foot in the Uptown Shelby 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.
Icon on The Greenway ApartmentsC13BR,2BA$1.31
The Pointe on Lafayette3B Classic3BR,1BA$1.23
Colonial Village2 Bedroom x 1.5 Bath Townhome - Platinum2BR,1.5BA$1.31
SH302-Chamberlain Oaks Apartments (CHO)2BR/1.0BA2BR,1BA$0.97
864 ClemsonFarmhouse - Furnished2BR,2.5BA$0.88
Nu Hudson2 Bedroom W/ Patio View2BR,1.5BA$1.25
Central School Lofts2 BR, 1.5BA2BR,1.5BA$0.94
Rutherford Crossing2 Bedroom2BR,1BA$1.21
Caitlin StationTwo Bedroom2BR,1BA$1.12
SH304-Humboldt Mountain (HMT)2BR/1.0BA2BR,1BA$1.24

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

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.

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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 49 Apartments for Rent in Waco, NC with pricing that ranges from $745 to $2,896. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $795 to $3,500.

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 $795 to $3,500 with an average monthly rent of $1,899.

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 $774 to $2,381, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $1,495.

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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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.

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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.

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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.