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$918 - $1,2611 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 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waco area of Waco.
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$945 - $2,0001 to 4 Bedroom Apartments Available Now
Barron's Branch Apartments
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
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 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
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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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 | $1,515 | $1,425 | $1,557 |
| Downtown Waco 1 Bedroom Apartments | $1,487 | $918 | $3,395 |
| Downtown Waco 2 Bedroom Apartments | $1,859 | $855 | $3,975 |
| Downtown Waco 3 Bedroom Apartments | $1,218 | $659 | $2,561 |
| Downtown Waco 4 Bedroom Apartments | $839 | $499 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 8 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. Historic Lofts of Waco High has the second lowest priced unit, which is a 1 Bed apartment currently listed from $918. 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 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $918 |
| Barron's Branch Apartments | 1 Bedroom | 1BR,1BA | $945 |
Best Value Apartments for Rent in Downtown Waco, TX
As of March 02, 2026 the best value apartment in the Downtown Waco area is the $1.81 price per square foot 1 Bedroom Third Floor-with Porch Model at 222 Clay Court in the in the Carver neighborhood starting from $1,450. 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. |
|---|---|---|---|
| 222 Clay Court | 1 Bedroom Third Floor-with Porch | 1BR,1BA | $1.81 |
| 101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $1.16 |
| Barron's Branch Apartments | 1 Bedroom | 1BR,1BA | $1.30 |
| 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 | $1.77 |
| Tinsley Place | Flatiron Garage 1BR/1BA | 1BR,1BA | $2.19 |
| Franklin Place | A1 | 1BR,1BA | $2.04 |
| 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 $1,425.
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 $918, while the average apartment in Downtown Waco costs $1,663.
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 43 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 $611 which is $1,052 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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.