Cheap Apartments for Rent in Waco, TX from $400 (67 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waco.

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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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.

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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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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

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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CarMel
1 to 3 Bedroom Apartments

CarMel

3638 W Waco DrWaco, TX 76710
  • Utilities Included
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The Belmont Lofts
1 to 2 Bedroom Apartments

The Belmont Lofts

625 S 5th StWaco, TX 76706
  • Utilities Included
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South Terrace
1 to 4 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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St. James Place
2 Bedroom Apartments

St. James Place

1226 James AveWaco, TX 76706
  • Utilities Included
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Pecan Park
1 Bedroom Apartments

Pecan Park

1725 Sanger AveWaco, TX 76707
  • Utilities Included

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.

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Ambassador Residence
1 Bedroom Apartments

Ambassador Residence

508 N 38th StWaco, TX 76710
Senior Living
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Waco, TX Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Waco, TX

Pricing Updated: 09/18/2025

Current apartment rentals in the Waco, TX area range in price from $625 to $3,900 with an overall median price of $2,926. The three Waco neighborhoods with the lowest median rent pricing are Brazos at $795, Downtown Waco at $1,150, and Richland Hills at $1,150. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Waco Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brazos$1,547$79521
Downtown Waco$1,595$1,15010
Richland Hills$1,750$1,1501
Alta Vista$2,300$79541
Oakwood$2,300$79512
South End$2,300$79534
Timbercrest$2,300$7957
East Riverside$2,400$65042
West Waco$2,597$99513
North End$3,600$62564

Cheapest Available Waco Apartments for Rent

 

The cheapest available apartment rental in Waco, TX is a 1 Bed unit found at South Terrace in the South End neighborhood priced from $658. Eagle Crest Apartments in the Carver neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $659. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
Eagle Crest ApartmentsEfficiency/StudioStudio,1BA$659
University Club ApartmentsOne Bedroom1BR,1BA$699
University Edge WacoPlan E4BR,4BA$705
Highlander Square ApartmentsClassic 1 BR1BR,1BA$715
Brazos Park ApartmentsB-1b1bm1BR,1BA$749
Historic Lofts at Waco High1 Bedroom1BR,1BA$750
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$756
The Meadows ApartmentsOne Bedroom1BR,1BA$795

Best Value Apartments for Rent in Waco, TX

As of September 18, 2025 the best value apartment in the Waco area is the $0.87 price per square foot The Ranger Model at The Edmond in the in the Parkdale neighborhood starting from $1,394. The second greatest value Waco apartment is the Two Bedroom Townhome Model at Park Place Apartments starting at $1,300 with a $1.00 price per square foot in the Parkdale 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.
The EdmondThe Ranger3BR,3BA$0.87
Park Place ApartmentsTwo Bedroom Townhome2BR,2.5BA$1.00
Allen PlaceSpacious Renovated 3/2 Apartment at Allen Place...3BR,2BA$1.12
Woodway Park CondominiumsTwo Bedroom Townhome2BR,1.5BA$1.00
2215 Sanger Ave, Unit A2215 Sanger Ave2BR,1BA$0.93
University Edge WacoPlan C2BR,2BA$0.80
The Enclave at the StadiumC13BR,2BA$1.08
2425 Parrott Ave, Unit 2425 Parrott2425 Parrott Ave2BR,1BA$0.99
Historic Lofts at Waco High1 Bedroom1BR,1BA$0.94
South Terrace1x11BR,1BA$1.07

Quick Rent Budget Calculator

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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.

Pet Friendly Lifestyle
Waco, TX

Ranked #105

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Waco, TX Rentals by Map

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See the most popular apartments and homes in Waco, TX

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Getting Around Waco, TX

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Waco, TX Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 the Cheapest Studio apartment in Waco?

Currently the most affordable Cheap Studio Apartment in Waco is at Eagle Crest Apartments listed at $659.

How much is rent for a Cheap One Bedroom Waco Apartment?

The lowest price for a Cheap One Bedroom Waco Apartment is $658 at South Terrace.

What is the lowest price for a Cheap Two Bedroom Waco Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waco is starting from $749 at University Club Apartments.

What is the most affordable Waco Three Bedroom Apartment?

The best deal on a cheap Waco Three Bedroom Apartment rental is at University Club Apartments and starts from $849.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.