
Cheap 3 Bedroom Apartments for Rent in the Downtown Waco Neighborhood of Waco, TX from $700 (1 Rental)

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.
Downtown Waco, Waco, TX Local Guide

How much does it cost to rent an apartment in Downtown Waco?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Waco 1 Bedroom Apartments | $1,318 | $750 | $2,062 |
Downtown Waco 2 Bedroom Apartments | $1,306 | $770 | $2,409 |
Downtown Waco 3 Bedroom Apartments | $1,284 | $700 | $3,613 |
Downtown Waco 4 Bedroom Apartments | $1,026 | $675 | $2,900 |
Explore Waco
Downtown Waco, Waco, TX Local Guide
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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.
Getting Around the Downtown Waco Neighborhood in Waco, TX
Walk Score®
63 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some 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.
Frequently Asked Questions about Cheap Downtown Waco Apartments
What is the price of a cheap apartment in Downtown Waco?
The cheapest apartment in Downtown Waco is URSA which is listed at $799, while the average apartment in Downtown Waco costs $1,325.
What types of apartments are the cheapest in Downtown 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 60 regular apartments in Downtown 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 Downtown Waco?
Cheap apartments in Downtown Waco have an average cost of $588 which is $737 cheaper than the average rent for all rentals in Downtown 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.

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