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$941 - $1,2851 to 3 Bedroom Apartments Available Now
Historic Lofts of Waco High
815 Columbus AveWaco, TX 76701
Cheap Apartments for Rent in the Downtown Waco Neighborhood of Waco, TX from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waco area of Waco.
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$981 - $1,1681 to 2 Bedroom Apartments Contact Us For Availability
River Park Apartment Homes
1001 N Martin Luther King Jr BlvdWaco, TX 76704
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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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$1,200 - $1,4501 to 3 Bedroom Apartments Available Now
Abbey Glenn Apartments
700 S 4th StWaco, TX 76706
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$1,241 - $2,1661 to 2 Bedroom Apartments Available Now
Franklin Place
600 Franklin AveWaco, TX 76701
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$1,328 - $3,354
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,328 - $3,354
Total Monthly Price
$1,328 - $3,354
Tinsley Place
715 Cleveland AveWaco, TX 76706
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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$1,400 - $1,6251 Bedroom Apartments Available Now
300 Clay Ave
300 Clay AveWaco, TX 76706
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1 to 3 Bedroom Apartments
Barrons Branch II
817 Colcord AveWaco, TX 76707
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1 Bedroom Apartments
The Commodores
1326 S 11th StWaco, TX 76706
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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
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 3 Bedroom Apartments
Behrens Lofts
219 S 4thWaco, TX 76701
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2 to 3 Bedroom Apartments
The Centre
1818 S 7th 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 2 Bedroom Apartments
The Bruin
1300 S 11th StWaco, TX 76706
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1 to 2 Bedroom Apartments
The Madison
1307 Austin AveWaco, TX 76701
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1 to 3 Bedroom Apartments
Summit at the Villages at Waco
1100 N 6th StWaco, TX 76707
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.
909 N 10th St
WacoTX76707
1413 N 7th St
WacoTX76707
Showing Results 1-20, 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 | $1,577 | $1,430 | $1,747 |
| Downtown Waco 1 Bedroom Apartments | $1,279 | $529 | $3,435 |
| Downtown Waco 2 Bedroom Apartments | $2,136 | $1,120 | $4,027 |
| Downtown Waco 3 Bedroom Apartments | $1,185 | $659 | $3,214 |
| Downtown Waco 4 Bedroom Apartments | $545 | $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 20 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 1 Bed unit found at Barrons Branch II priced from $455. Elevate has the second lowest priced unit, which is a 3 Beds apartment currently listed from $659. Here are the most affordable Downtown Waco apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Barrons Branch II | A1 | 1BR,1BA | $455 |
| Elevate | C2 | 3BR,2BA | $659 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $941 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1,050 |
| The Bruin | B5-R | 2BR,2BA | $1,169 |
Best Value Apartments for Rent in Downtown Waco, TX
As of July 16, 2026 the best value apartment in the Downtown Waco area is the $0.61 price per square foot C1 Model at Elevate in the in the Carver neighborhood starting from $669. The second greatest value Downtown Waco apartment is the B3-R Model at The Bruin starting at $1,253 with a $1.17 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. |
|---|---|---|---|
| Elevate | C1 | 3BR,3BA | $0.61 |
| The Bruin | B3-R | 2BR,2.5BA | $1.17 |
| Abbey Glenn Apartments | B2 | 2BR,2BA | $1.39 |
| 300 Clay Ave | 1BD/1B | 1BR,1BA | $1.75 |
| 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 |
| Barrons Branch II | A1 | 1BR,1BA | $0.61 |
| Franklin Place | A4 | 1BR,1BA | $1.90 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.56 |
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 Barrons Branch II which is listed at $455, while the average apartment in Downtown Waco costs $1,825.
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 26 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 $534 which is $1,291 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 Expert's 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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.