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Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.
1700 W Waco Dr
WacoTX76701
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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.
718 Rusk St
WacoTX76704
223 Hood St
WacoTX76704
1371 S 11th St
WacoTX76706
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.
330 Austin Ave
WacoTX76701
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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 | $1,387 | $1,150 | $1,500 |
| Downtown Waco 3 Bedroom Homes for Rent | $1,556 | $1,400 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
Explore Waco
Downtown Waco, Waco, TX Local Guide
- Nearby Waco neighborhoods
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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. Abbey Glenn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. 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 |
| Abbey Glenn Apartments | A5 | 1BR,1BA | $1,100 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Downtown Waco, TX
As of September 20, 2025 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 at Waco High | 1 Bedroom | 1BR,1BA | $0.94 |
| Riverfront Lofts | A10B | 1BR,1BA | $2.45 |
| Abbey Glenn Apartments | A5 | 1BR,1BA | $1.59 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
| Tinsley Place | Flatiron Garage 1BR/1BA | 1BR,1BA | $2.28 |
| Franklin Place | A1 | 1BR,1BA | $2.04 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Waco, Waco, TX
Ranked #14
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 35 Apartments for Rent in Downtown Waco, TX with pricing that ranges from $750 to $4,424. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $895 to $1,750.
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 $895 to $1,750 with an average monthly rent of $1,363.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.