Cheap Apartments for Rent in Waco, TX from $500 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in Waco.

Eagle Crest Apartments

Highlander Square Apartments

Brazos Park Apartments

University Club Apartments

Historic Lofts at Waco High
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 Meadows Apartments

Eleven06 on 35 Apartments

Prime Properties Waco

Waco Apartments

2400 Washington Ave
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.

Sunrise Pointe

The Colony Apartments

The Edmond

Brookview Hills

Woodhollow Apartments

Saddle Brook Apartments

The Enclave at the Stadium
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.

1508 S 13th St

RIVERCREST

Lake Air Green Apartments

19Eleven

Carriage House
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's Best Affordable Neighborhoods
Learn about Waco and the best places to live with original content written by our Texas Local Expert Rhonda R Fletcher
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 | $1,363 | $659 | $1,890 |
Cheap Waco 1 Bedroom Apartments | $1,340 | $595 | $2,875 |
Cheap Waco 2 Bedroom Apartments | $1,500 | $770 | $3,835 |
Cheap Waco 3 Bedroom Apartments | $1,521 | $700 | $4,419 |
Cheap Waco 4 Bedroom Apartments | $1,195 | $675 | $2,950 |
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: 07/29/2025Current apartment rentals in the Waco, TX area range in price from $595 to $4,419 with an overall median price of $1,544. The three Waco neighborhoods with the lowest median rent pricing are Brookview at $595, Landon Branch at $595, and North End at $595. 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 |
---|---|---|---|
Brookview | $1,199 | $595 | 40 |
Landon Branch | $1,199 | $595 | 132 |
North End | $1,225 | $595 | 94 |
North Waco | $1,225 | $595 | 88 |
Timbercrest | $1,399 | $599 | 57 |
Heart of Texas | $1,422 | $595 | 107 |
Oakwood | $1,430 | $599 | 25 |
Carver | $1,470 | $595 | 60 |
Parkdale | $1,495 | $595 | 98 |
Brook-Oaks | $1,517 | $595 | 75 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
South Terrace | 1x1 | 1BR,1BA | $658 |
Eagle Crest Apartments | Efficiency/Studio | Studio,1BA | $659 |
University Club Apartments | One Bedroom | 1BR,1BA | $699 |
Brazos Park Apartments | B-1b1bm | 1BR,1BA | $749 |
Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $750 |
The Meadows Apartments | One Bedroom | 1BR,1BA | $795 |
Heritage Square | A | 1BR,1BA | $807 |
Sandstone | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $895 |
Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $900 |
URSA | 2BR/2BA - Flat - Pool View | 2BR,2BA | $920 |
Best Value Apartments for Rent in Waco, TX
As of July 29, 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 3 Bedrooms 2 Baths Model at 19Eleven starting at $1,399 with a $1.01 price per square foot in the South End 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. |
---|---|---|---|
The Edmond | The Ranger | 3BR,3BA | $0.87 |
19Eleven | 3 Bedrooms 2 Baths | 3BR,2BA | $1.01 |
Park Place Apartments | Two Bedroom Townhome | 2BR,2.5BA | $1.00 |
The Centre | 3/2.5 | 3BR,2.5BA | $1.16 |
Woodway Park Condominiums | Two Bedroom Townhome | 2BR,1.5BA | $1.00 |
MeadowPark | Townhome | 2BR,2.5BA | $1.14 |
The Bruin | B4 | 2BR,2BA | $1.10 |
Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $0.94 |
Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $1.13 |
South Terrace | 1x1 | 1BR,1BA | $1.07 |
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.
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 LifestyleWaco, TX
Ranked #105
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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
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 the price of a cheap apartment in Waco?
The cheapest apartment in Waco is South Terrace which is listed at $658, while the average apartment in Waco costs $1,544.
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 193 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 $336 which is $1,208 cheaper than the average rent for all rentals in Waco.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.