Cheap Apartments for Rent in Waco, TX from $300 (81 Rentals)

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Rambler Heights
Rent Specials
$750 - $950
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $950

Total Monthly Price
$750 - $950
1 to 2 Bedroom Apartments Available Now

Rambler Heights

800 Rambler DrWaco, TX 76710
Affordability
  • Verified
  • Utilities Included
  • Low Income
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The Meadows Apartments
Rent Specials
$795 - $910
Total Monthly Price

Total Monthly Price

Base Rent
$790 - $905
Required Monthly Fees
$5

Total Monthly Price
$795 - $910
1 to 2 Bedroom Apartments Available Now

The Meadows Apartments

4300 Meyers LnWaco, TX 76705
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Edmond
$799 - $1,394
Total Monthly Price

Total Monthly Price

Base Rent
$754 - $1,349
Required Monthly Fees
$45

Total Monthly Price
$799 - $1,394
Studio to 3 Bedroom Apartments Available Now

The Edmond

5817 Edmond AveWaco, TX 76710
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Avila
Rent Specials
$833 - $2,145
Total Monthly Price

Total Monthly Price

Base Rent
$813 - $2,125
Required Monthly Fees
$20

Total Monthly Price
$833 - $2,145
1 to 2 Bedroom Apartments Available Now

Avila

5000 Sanger AveWaco, TX 76710
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Cove on 21st
$850 - $1,240
Total Monthly Price

Total Monthly Price

Base Rent
$831 - $1,221
Required Monthly Fees
$19

Total Monthly Price
$850 - $1,240
1 to 3 Bedroom Apartments Available Now

The Cove on 21st

2425 S 21st StWaco, TX 76706
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Azur
Rent Specials
$865 - $1,531
Total Monthly Price

Total Monthly Price

Base Rent
$811 - $1,477
Required Monthly Fees
$54

Total Monthly Price
$865 - $1,531
1 to 2 Bedroom Apartments Available Now

Azur

415 Owen LnWaco, TX 76710
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income

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.

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.

property at 104 Faye Dr

$950

1 Bedroom Rentals

Available Now

104 Faye Dr

WacoTX76705
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Tinsley Place
Rent Specials
$1,035 - $2,561
Total Monthly Price

Total Monthly Price

Base Rent
$870 - $2,396
Required Monthly Fees
$165

Total Monthly Price
$1,035 - $2,561
1 to 3 Bedroom Apartments Available Now

Tinsley Place

715 Cleveland AveWaco, TX 76706
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Carriage House
$1,050 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,300
Required Monthly Fees
$50

Total Monthly Price
$1,050 - $1,350
1 to 2 Bedroom Apartments Available Now

Carriage House

1923 Austin AveWaco, TX 76701
Family Friendly
  • Verified
  • Smoke Free

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Commodores
1 Bedroom Apartments

The Commodores

1326 S 11th StWaco, TX 76706
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1400 Woodbine St
1 Bedroom Apartments

1400 Woodbine St

1400 Woodbine StWaco, TX 76705
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Waco, TX Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Waco, TX

Pricing Updated: 02/24/2026

Current apartment rentals in the Waco, TX area range in price from $366 to $7,493 with an overall median price of $1,709. The three Waco neighborhoods with the lowest median rent pricing are Oakwood at $599, Timbercrest at $655, and Kendrick at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Waco Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oakwood$1,277$59955
Timbercrest$1,336$65580
Kendrick$1,350$650183
North Waco$1,435$36650
Parkdale$1,454$79097
Landon Branch$1,472$36691
North End$1,472$36641
Heart of Texas$1,525$650102
Carver$1,526$366132
Brazos$1,535$366110

Cheapest Available Waco Apartments for Rent

 

The cheapest available apartment rental in Waco, TX is a Studio unit found at Eagle Crest Apartments in the Carver neighborhood priced from $599. Elevate in the Carver neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $659. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Crest ApartmentsEfficiency/StudioStudio,1BA$599
ElevateC23BR,2BA$659
LL Sams ApartmentsStandard Loft - 4 BDR, 2 BTH4BR,2BA$699
University Edge WacoPlan E4BR,4BA$745
Rambler Heights1 Bedroom1BR,1BA$750
Brazos Park ApartmentsA-1b1bs1BR,1BA$779
Sandstone1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$790
The Meadows ApartmentsOne Bedroom1BR,1BA$795
The EdmondThe ArmstrongStudio,1BA$799
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$833

Best Value Apartments for Rent in Waco, TX

As of February 24, 2026 the best value apartment in the Waco area is the $1.12 price per square foot Spacious Renovated 3/2 at Allen Place - Walk to... Model at Allen Place in the in the South End neighborhood starting from $1,450. The second greatest value Waco apartment is the C1 Wrangler Model at The Residence at CTM starting at $1,508 with a $1.18 price per square foot in the Alta Vista 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.
Allen PlaceSpacious Renovated 3/2 at Allen Place - Walk to...3BR,2BA$1.12
The Residence at CTMC1 Wrangler3BR,2BA$1.18
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
MeadowParkTownhome2BR,2.5BA$1.14
University Edge WacoPlan B2BR,2BA$0.82
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
The Cove on 21stB12BR,2BA$1.14
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.16
Rambler Heights1 Bedroom1BR,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.

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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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Top Neighborhoods to Rent Near Major Colleges and Universities in Waco

A Local Experts Guide to The Neighborhoods for Student Housing near Colleges and Universities in Waco. Find your perfect Waco apartment, condo, or rental home today at ApartmentHomeliving.com

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Waco Overview

Waco, Texas is known as the state’s heartland—and with good reason. It’s a populous area and a great central location with over 81% of the state’s residents living within a 200-mile radius. Located in McLennan County, the city offers an array of outdoor sports and recreational activities, a lively arts scene, and great historic sites like the Texas Sports Hall of Fame. With many options for great apartmens in Waco available to locals, finding your new home here is a cinch!

Why live in Waco, TX?

Warm and inviting, Waco is emblematic of the Texas heartland. Outdoor enthusiasts enjoy everything from hiking to fishing, and the area’s flourishing arts scene includes the historic Hippodrome Theatre. The equally historic River Square Center is a charming alternative to traditional shopping centers, which you’ll also find in equal abundance in town. Waco has grown in diversity, and it’s a prime spot for growing families and those seeking an authentic Texas experience.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Waco, TX Area Reviews

  • Parks
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  • Local Vibes
  • Restaurants
  • Location
  • Traffic
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  • Cost of Living
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Rhonda

February 25, 2025

I have spent a lot of time in Waco over the years. It is a great place to start a family or retire for a quieter lifestyle.

Frequently Asked Questions about Cheap Waco Apartments

What is a cheap apartment in Waco?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waco is under $833.

What is the price of a cheap apartment in Waco?

The cheapest apartment in Waco is Eagle Crest Apartments which is listed at $699, while the average apartment in Waco costs $1,709.

What types of apartments are the cheapest in Waco?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 748 regular apartments in Waco that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waco?

Cheap apartments in Waco have an average cost of $423 which is $1,286 cheaper than the average rent for all rentals in Waco.

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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A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX

Written by: Rhonda R Fletcher

Hi, I'm Rhonda, your ApartmentHomeLiving.com Local Expert for Waco, Texas. I've lived in Central Texas for over 25 years and have seen a lot of change and growth in the Waco area.

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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.

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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.