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from $1,2992 to 3 Bedroom Apartments Available Jul 1
The Centre
1818 S 7th StWaco, TX 76706
Cheap Apartments for Rent in the Downtown Waco Neighborhood of Waco, TX from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waco area of Waco.
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from $1,390Studio to 2 Bedroom Apartments Available Jun 28
Riverfront Lofts
414 S University Parks DrWaco, 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.
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Rent Specials
from $1,1001 to 2 Bedroom Apartments Available Now
Carriage House
1923 Austin AveWaco, TX 76701
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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.
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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.
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Showing Results 1-21, Page 1 of 1
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 Studio Apartments | $1,510 | $1,390 | $1,542 |
| Downtown Waco 1 Bedroom Apartments | $1,615 | $750 | $2,915 |
| Downtown Waco 2 Bedroom Apartments | $2,081 | $893 | $3,835 |
| Downtown Waco 3 Bedroom Apartments | $1,952 | $1,030 | $4,316 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
See all Apartments in WacoExplore Waco
Downtown Waco, Waco, TX Local Guide
- Nearby Waco neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Downtown Waco Apartments for Rent
The cheapest available apartment rental in the Downtown Waco area of Waco, TX is a 1 Bed unit found at Historic Lofts at Waco High priced from $750. Tinsley Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,092. Here are the most affordable Downtown Waco apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $750 |
| Tinsley Place | Union 1BR/1BA | 1BR,1BA | $1,092 |
| Abbey Glenn Apartments | A5 | 1BR,1BA | $1,100 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1,100 |
| Franklin Place | A1 | 1BR,1BA | $1,163 |
Best Value Apartments for Rent in Downtown Waco, TX
As of June 21, 2025 the best value apartment in the Downtown Waco area is the $1.19 price per square foot B Floor Plan Model at Cameron Heights in the in the Carver neighborhood starting from $1,850. The second greatest value Downtown Waco apartment is the B2-R Model at The Bruin starting at $1,180 with a $1.21 price per square foot in the South End neighborhood. Here is today’s list of the best values for Downtown Waco apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cameron Heights | B Floor Plan | 3BR,2.5BA | $1.19 |
| The Bruin | B2-R | 2BR,2.5BA | $1.21 |
| Summit at the Villages at Waco | Two Bedroom/ One Bathroom | 2BR,1BA | $1.50 |
| 101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
| 222 Clay Court | 1 Bedroom Upstairs-with Porch | 1BR,1.5BA | $1.78 |
| Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $0.94 |
| Stratton Lofts | Brazos | 1BR,1BA | $2.07 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
| Abbey Glenn Apartments | A4F | 1BR,1BA | $1.97 |
| Franklin Place | A1 | 1BR,1BA | $2.04 |
Quick Rent Budget Calculator
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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 LifestyleDowntown Waco, Waco, TX
Ranked #16
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Historic Lofts at Waco High which is listed at $750, while the average apartment in Downtown Waco costs $1,884.
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 3 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 $114 which is $1,770 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.
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.