Cheap Apartments for Rent in the Brazos Neighborhood of Waco, TX from $400 (30 Rentals)

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

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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Tinsley Place
Rent Specials
$1,202 - $3,028
Total Monthly Price

Total Monthly Price

Base Rent
$1,202 - $3,028

Total Monthly Price
$1,202 - $3,028
1 to 3 Bedroom Apartments Available Now

Tinsley Place

715 Cleveland AveWaco, TX 76706
Corporate Housing
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The Commodores
1 Bedroom Apartments

The Commodores

1326 S 11th StWaco, TX 76706
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The Belmont Lofts
1 to 2 Bedroom Apartments

The Belmont Lofts

625 S 5th StWaco, TX 76706
  • Utilities Included

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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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
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19Eleven
1 to 4 Bedroom Apartments

19Eleven

1911 S 8th StWaco, TX 76706
Student Housing
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Behrens Lofts
1 to 3 Bedroom Apartments

Behrens Lofts

219 S 4thWaco, TX 76701
  • 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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Bear Colony
2 Bedroom Apartments

Bear Colony

1925 S 12th StWaco, TX 76706
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The Madison
1 to 2 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
Corporate Housing
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The Centre
2 to 3 Bedroom Apartments

The Centre

1818 S 7th StWaco, TX 76706
Student Housing
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The Bruin
1 to 2 Bedroom Apartments

The Bruin

1300 S 11th StWaco, TX 76706

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.

Brazos, Waco, TX Local Guide

Cheapest Available Brazos Apartments for Rent

 

The cheapest available apartment rental in the Brazos area of Waco, TX is a 3 Beds unit found at Elevate priced from $659. Historic Lofts of Waco High has the second lowest priced unit, which is a 1 Bed apartment currently listed from $941. Here are the most affordable Brazos apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
ElevateC23BR,2BA$659
Historic Lofts of Waco High1 Bedroom1BR,1BA$941
Barrons Branch IIB12BR,2BA$953
Carriage House672 sq ft 1 bed1BR,1BA$1,050
The BruinA1-R1BR,1BA$1,099
Franklin PlaceA11BR,1BA$1,163
Abbey Glenn ApartmentsA51BR,1BA$1,175
Tinsley PlaceGreenwich 2BR/2BA2BR,2BA$1,328
101 Elm1 Bedroom 1 Bath1BR,1BA$1,425
300 Clay Ave1BD/1B1BR,1BA$1,500

Best Value Apartments for Rent in Brazos, TX

As of May 28, 2026 the best value apartment in the Brazos area is the $1.41 price per square foot Townhome Model at Columbus Heights in the in the Downtown Waco neighborhood starting from $1,613. The second greatest value Brazos apartment is the C1 Model at Elevate starting at $669 with a $0.61 price per square foot in the Carver neighborhood. Here is today’s list of the best values for Brazos apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Columbus HeightsTownhome2BR,2.5BA$1.41
ElevateC13BR,3BA$0.61
Barrons Branch IIB12BR,2BA$0.98
101 Elm1 Bedroom 1 Bath1BR,1BA$1.78
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.19
Tinsley PlaceGreenwich 2BR/2BA2BR,2BA$1.68
Abbey Glenn ApartmentsA51BR,1BA$1.70
Carriage House672 sq ft 1 bed1BR,1BA$1.56
The BruinA1-R1BR,1BA$1.81
West Campus LoftsP1 4 Bed1BR,1BA$1.66

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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Pet Friendly Lifestyle
Brazos, Waco, TX

Ranked #11

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Brazos Apartments

What is the price of a cheap apartment in Brazos?

The cheapest apartment in Brazos is Historic Lofts of Waco High which is listed at $941, while the average apartment in Brazos costs $1,566.

What types of apartments are the cheapest in Brazos?

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 20 regular apartments in Brazos 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 Brazos?

Cheap apartments in Brazos have an average cost of $395 which is $1,171 cheaper than the average rent for all rentals in Brazos.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.