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Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.
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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.
1323 Clay Ave
WacoTX76706
718 Rusk St
WacoTX76704
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 a home in Downtown Waco?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waco 2 Bedroom Homes for Rent | $1,408 | $1,150 | $1,750 |
| Downtown Waco 3 Bedroom Homes for Rent | $1,645 | $1,450 | $2,000 |
| Downtown Waco 6 Bedroom Homes for Rent | $1,950 | $1,950 | $1,950 |
| Downtown Waco 7 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
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Downtown Waco, Waco, TX Local Guide
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Best Value Apartments for Rent in Downtown Waco, TX
As of November 16, 2025 the best value apartment in the Downtown Waco area is the $1.26 price per square foot B3-R Model at The Bruin in the in the South End neighborhood starting from $1,355. The second greatest value Downtown Waco apartment is the 1 Bedroom Third Floor-with Porch Model at 222 Clay Court starting at $1,450 with a $1.81 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. |
|---|---|---|---|
| The Bruin | B3-R | 2BR,2.5BA | $1.26 |
| 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 at Waco High | 1 Bedroom | 1BR,1BA | $1.16 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
| Tinsley Place | Flatiron Garage 1BR/1BA | 1BR,1BA | $2.17 |
| Franklin Place | A1 | 1BR,1BA | $2.04 |
| Elevate | A1 | 1BR,1BA | $2.70 |
| Abbey Glenn Apartments | A1F | 1BR,1BA | $2.47 |
| West Campus Lofts | P1 2 Bed | 1BR,1BA | $2.10 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleTop Neighborhoods to Rent Near Major Colleges and Universities in Waco
A Local Experts Guide to The Neighborhoods for Student Housing near Colleges and Universities in Waco. Find your perfect Waco apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Waco, Waco, TX
Ranked #15
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Downtown Waco
What type of rentals are currently available in Downtown Waco?
There are currently 39 Apartments for Rent in Downtown Waco, TX with pricing that ranges from $366 to $3,975. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $950 to $4,200.
What is the current price range for Rental Homes in Downtown Waco?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Waco ranges from $950 to $4,200 with an average monthly rent of $2,085.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.