Cheap Student Apartments for Rent in Waco, TX from $400 (20 Rentals)

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Student Housing Options in Waco.

Cheap Apartments in Waco.

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Allen Place
$1,050 - $1,8001 to 4 Bedroom Apartments Available Now

Allen Place

512 Daughtrey AveWaco, TX 76706
Student Housing
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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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University Courtyard
1 Bedroom Apartments

University Courtyard

1321 S 11th StWaco, TX 76706
Student Housing
  • Utilities Included
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Village Oaks
Studio to 4 Bedroom Apartments

Village Oaks

2010 Campus DrWaco, TX 76705
Student Housing
  • Utilities Included
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Aspen Heights
2 to 4 Bedroom Apartments

Aspen Heights

3344 S 3rd StWaco, TX 76706
Student Housing
  • Utilities Included
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Outpost at Waco
1 to 4 Bedroom Apartments

Outpost at Waco

2415 S. University Parks DrWaco, TX 76706
Student Housing
  • Utilities Included
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11th Street Flats
2 to 4 Bedroom Apartments

11th Street Flats

1722 S 11th StWaco, TX 76706
Student Housing
  • Utilities Included
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The Green at Waco
1 to 5 Bedroom Apartments

The Green at Waco

2501 S University Parks DrWaco, TX 76706
Student Housing

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.

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Aspen Heights South
3 to 4 Bedroom Apartments

Aspen Heights South

300 Wagon Wheel CirWaco, TX 76706
Student Housing
  • Utilities Included
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LL Sams Apartments
1 to 5 Bedroom Apartments

LL Sams Apartments

2000 S 1st StWaco, TX 76706
Student Housing
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The Den
Studio to 5 Bedroom Apartments

The Den

909 Baylor AveWaco, TX 76706
Student Housing
  • Utilities Included
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19Eleven
1 to 4 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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The Centre
2 to 3 Bedroom Apartments

The Centre

1818 S 7th StWaco, TX 76706
Student Housing

Waco, TX Local Guide

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Waco, TX Area Reviews

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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 the price of a cheap apartment in Waco?

The cheapest apartment in Waco is University Club Apartments which is listed at $709, while the average apartment in Waco costs $1,473.

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 450 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 $414 which is $1,059 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

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.