
Cheap Apartments for Rent in Waco, TX from $400 (93 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Waco.


1400 Woodbine St

College Park Apartments

Bear Landing - Waco Trio

The Belmont Lofts

South Terrace

Tanglewood Garden

University Place Apartments

St. James Place

Village Square Apartments
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.

Ambassador Residence

Pecan Park

Legacy Ridge

Highlander Square Apartments

Peppertree

Bordeaux XI Apartments

Northwind Apartments

Tennyson Arms

19Eleven

Behrens Lofts
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

Tribeca

Bear Colony

Three 44 Apartments

The Madison

The Centre

Allen Place

The Midway

Red Oak Townhomes

Creole Apartments

The Bruin

18 Hundred Apartments

The Residences at Lake Waco '(55+ Community)

Cottages of Oak Springs

The Edge

2805 Bellmead Dr

Brookside Apartments

101-103 El Dorado Dr

105-107 El Dorado Dr

Woodway Park Condominiums

Total Monthly Price
The Majestic at Hewitt

Lacy Terrace

Lacy Lofts

Hunterwood
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 | $1,267 | $599 | $1,707 |
| Cheap Waco 1 Bedroom Apartments | $1,181 | $529 | $3,395 |
| Cheap Waco 2 Bedroom Apartments | $1,438 | $749 | $4,027 |
| Cheap Waco 3 Bedroom Apartments | $1,598 | $659 | $4,670 |
| Cheap Waco 4 Bedroom Apartments | $1,227 | $499 | $2,150 |
Browse Top Apartments in Waco
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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 $799.
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 $1,715.
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 397 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 $359 which is $1,356 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.