
Cheap Apartments for Rent in Waco, TX from $300 (81 Rentals)
Search the lowest-cost Apartments available for rent right now in Waco.


126 Hood St

Eagle Crest Apartments

University Club Apartments

Total Monthly Price
Rambler Heights

608 La Clede St

Brazos Park Apartments

Sandstone

Total Monthly Price
The Meadows Apartments

Total Monthly Price
The Edmond
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.

1021 Elise Ave

Total Monthly Price
Avila

Costa Esmeralda

Prime Properties Waco

Total Monthly Price
The Cove on 21st

Waco Apartments

Sunrise Pointe

Total Monthly Price
Azur

The Colony Apartments

The Enclave at the Stadium
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.

Heritage Square

Historic Lofts of Waco High

Eleven06 on 35 Apartments

Woodhollow Apartments

Highland Cove

Brookview Hills

Madeira Apartments

Tribeca

2208 Sanger Ave

1910 E Crest Dr
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.

104 Faye Dr

PECAN RIDGE-WACO

2208 Cumberland Ave

Lake Air Green Apartments

Total Monthly Price
Tinsley Place

Total Monthly Price
Carriage House

2601 Fort Ave

Abbey Glenn Apartments

RIVERCREST

1214 Baylor Ave
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.

10005 Amber Cir

10015 Amber Cir

Dripping Springs Senior Village

The Commodores

Valley Terrace Apartments

Valley Mills Apartments

Twenty Twenty Cottages

1400 Woodbine St

College Park Apartments

Bear Landing - Waco Trio
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

How much does it cost to rent an apartment in Waco?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Waco Studio Apartments | $1,232 | $599 | $1,643 |
| Cheap Waco 1 Bedroom Apartments | $1,251 | $366 | $4,495 |
| Cheap Waco 2 Bedroom Apartments | $1,374 | $436 | $5,570 |
| Cheap Waco 3 Bedroom Apartments | $1,503 | $505 | $7,493 |
| Cheap Waco 4 Bedroom Apartments | $1,162 | $499 | $2,996 |
Browse Top Apartments in Waco
See all Apartments in WacoExplore Waco

Waco, TX Local Guide

- Waco Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Waco, TX
Pricing Updated: 02/24/2026Current apartment rentals in the Waco, TX area range in price from $366 to $6,496 with an overall median price of $1,727. 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Oakwood | $1,277 | $599 | 55 |
| Timbercrest | $1,336 | $655 | 82 |
| Kendrick | $1,350 | $650 | 185 |
| North Waco | $1,435 | $366 | 51 |
| North End | $1,472 | $366 | 42 |
| Landon Branch | $1,495 | $366 | 95 |
| Parkdale | $1,515 | $795 | 100 |
| Carver | $1,538 | $366 | 134 |
| Brazos | $1,542 | $366 | 109 |
| Brook-Oaks | $1,542 | $366 | 138 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Crest Apartments | Efficiency/Studio | Studio,1BA | $599 |
| Elevate | C2 | 3BR,2BA | $659 |
| LL Sams Apartments | Standard Loft - 4 BDR, 2 BTH | 4BR,2BA | $699 |
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| Rambler Heights | 1 Bedroom | 1BR,1BA | $750 |
| Brazos Park Apartments | A-1b1bs | 1BR,1BA | $779 |
| Sandstone | 1 Bed, 1 Bath A (80% Income Restricted) | 1BR,1BA | $790 |
| The Meadows Apartments | One Bedroom | 1BR,1BA | $795 |
| The Edmond | The Armstrong | Studio,1BA | $799 |
| Avila | 1 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Allen Place | Spacious Renovated 3/2 at Allen Place - Walk to... | 3BR,2BA | $1.12 |
| The Residence at CTM | C1 Wrangler | 3BR,2BA | $1.18 |
| Woodway Park Condominiums | 2 Bed Townhome | 2BR,1.5BA | $1.00 |
| Park Place Apartments | Two Bedroom | 2BR,2BA | $1.04 |
| MeadowPark | Townhome | 2BR,2.5BA | $1.14 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| Lake Air Green Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| The Cove on 21st | B1 | 2BR,2BA | $1.14 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $1.16 |
| Rambler Heights | 1 Bedroom | 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 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 ArticleTop 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
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.
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!
Explore Waco, TX Rentals by Map
See the most popular apartments and homes in Waco, TX
Waco, TX Area Reviews
Rhonda
February 25, 2025I 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 $1,727.
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 756 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 $417 which is $1,310 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

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.

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.