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$934 - $1,1341 to 3 Bedroom Apartments Available Now
Barrons Branch II
817 Colcord AveWaco, TX 76707
Cheap Apartments for Rent in the Downtown Waco Neighborhood of Waco, TX from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waco area of Waco.
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Rent Specials
$941 - $1,2851 to 3 Bedroom Apartments Available Now
Historic Lofts of Waco High
815 Columbus AveWaco, TX 76701
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Rent Specials
$1,053 - $3,040
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,053 - $3,040
Total Monthly Price
$1,053 - $3,040
Tinsley Place
715 Cleveland AveWaco, TX 76706
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$1,050 - $1,3501 to 2 Bedroom Apartments Available Now
Carriage House
1923 Austin AveWaco, TX 76701
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$1,075 - $1,4001 to 3 Bedroom Apartments Available Now
Abbey Glenn Apartments
700 S 4th StWaco, TX 76706
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$1,202 - $2,1661 to 2 Bedroom Apartments Available Now
Franklin Place
600 Franklin AveWaco, TX 76701
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.
817 Colcord Ave
WacoTX76707
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$1,425 - $1,9501 to 2 Bedroom Apartments Available Now
101 Elm
101 Elm StWaco, TX 76704
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$1,430 - $4,027
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,430 - $4,027
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$1,430 - $4,027
Riverfront Lofts
414 S University Parks DrWaco, TX 76706
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$1,450 - $1,8001 to 2 Bedroom Apartments Available Now
222 Clay Court
222 Clay AveWaco, TX 76706
804 N 10th St
WacoTX76707
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1 Bedroom Apartments
The Commodores
1326 S 11th StWaco, TX 76706
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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1 to 2 Bedroom Apartments
The Belmont Lofts
625 S 5th StWaco, TX 76706
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1 Bedroom Apartments
Bear Landing - Waco Trio
1408 S 10th StWaco, TX 76706
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Studio to 3 Bedroom Apartments
University Place Apartments
1624 S 5th StWaco, TX 76706
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1 to 3 Bedroom Apartments
Behrens Lofts
219 S 4thWaco, TX 76701
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1 to 2 Bedroom Apartments
The Madison
1307 Austin AveWaco, TX 76701
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2 to 3 Bedroom Apartments
The Centre
1818 S 7th 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.
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1 to 2 Bedroom Apartments
The Bruin
1300 S 11th StWaco, TX 76706
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2 Bedroom Apartments
18 Hundred Apartments
1800 S 5th StWaco, TX 76706
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1 to 3 Bedroom Apartments
Summit at the Villages at Waco
1100 N 6th StWaco, TX 76707
1417 S 11th St
WacoTX76706
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1 to 3 Bedroom Apartments
Cameron Heights
400 Bosque BlvdWaco, TX 76707
1110 N 11th St
WacoTX76707
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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Studio to 1 Bedroom Apartments
Stratton Lofts
800 Austin AveWaco, TX 76701
Showing Results 1-25, 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 | $1,564 | $1,430 | $1,597 |
| Downtown Waco 1 Bedroom Apartments | $1,265 | $519 | $3,435 |
| Downtown Waco 2 Bedroom Apartments | $1,995 | $934 | $4,027 |
| Downtown Waco 3 Bedroom Apartments | $1,586 | $659 | $3,040 |
| Downtown Waco 4 Bedroom Apartments | $552 | $499 | $589 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
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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 3 Beds unit found at Elevate priced from $659. Barrons Branch II has the second lowest priced unit, which is a 2 Beds apartment currently listed from $934. Here are the most affordable Downtown Waco apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elevate | C2 | 3BR,2BA | $659 |
| Barrons Branch II | B1 | 2BR,2BA | $934 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $941 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1,050 |
| Tinsley Place | Union 1BR/1BA | 1BR,1BA | $1,053 |
Best Value Apartments for Rent in Downtown Waco, TX
As of April 16, 2026 the best value apartment in the Downtown Waco area is the $0.96 price per square foot B1 Model at Barrons Branch II in the in the Carver neighborhood starting from $934. The second greatest value Downtown Waco apartment is the 1 Bedroom 1 Bath Model at 101 Elm starting at $1,425 with a $1.78 price per square foot in the Carver 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. |
|---|---|---|---|
| Barrons Branch II | B1 | 2BR,2BA | $0.96 |
| 101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
| 222 Clay Court | 1 Bedroom Third Floor-with Porch | 1BR,1BA | $1.97 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $1.19 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.56 |
| Abbey Glenn Apartments | A4F | 1BR,1BA | $1.97 |
| The Bruin | A1-R | 1BR,1BA | $1.81 |
| Franklin Place | A2 | 1BR,1BA | $2.00 |
| Tinsley Place | Union 1BR/1BA | 1BR,1BA | $2.17 |
| West Campus Lofts | P1 2 Bed | 1BR,1BA | $2.17 |
Frequently Asked Questions about Cheap Downtown Waco Apartments
What is a cheap apartment in Downtown Waco?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Waco is under $1,525.
What is the price of a cheap apartment in Downtown Waco?
The cheapest apartment in Downtown Waco is Historic Lofts of Waco High which is listed at $941, while the average apartment in Downtown Waco costs $1,575.
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 30 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 $470 which is $1,105 cheaper than the average rent for all rentals in Downtown 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.
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.