1906 Austin Ave
WacoTX76701
Cheap Homes for Rent in the Downtown Waco Neighborhood of Waco, TX from $800 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.
Downtown Waco - One of the Best Affordable Neighborhoods in Waco
Named as one of the Best Affordable Neighborhoods to rent in Waco by our Local Expert for Texas, Rhonda R Fletcher. See how it ranks!
909 N 10th St
WacoTX76707
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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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 | $1,512 | $1,250 | $1,775 |
| Downtown Waco 3 Bedroom Homes for Rent | $1,650 | $1,600 | $1,700 |
| Downtown Waco 4 Bedroom Homes for Rent | $1,950 | $1,500 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
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Best Value Apartments for Rent in Downtown Waco, TX
As of August 19, 2026 the best value apartment in the Downtown Waco area is the $1.54 price per square foot 2 Bedroom 2 Bath Model at 101 Elm in the in the Carver neighborhood starting from $1,850. The second greatest value Downtown Waco apartment is the C1 Model at Elevate starting at $679 with a $0.62 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. |
|---|---|---|---|
| 101 Elm | 2 Bedroom 2 Bath | 2BR,2BA | $1.54 |
| Elevate | C1 | 3BR,3BA | $0.62 |
| River Park | 2 Bedroom 2 Bath | 2BR,2BA | $1.12 |
| Barrons Branch II | B1 | 2BR,2BA | $1.18 |
| Abbey Glenn Apartments | B2 | 2BR,2BA | $1.39 |
| 300 Clay Ave | 1.5 BD/1B | 1BR,1BA | $1.91 |
| 222 Clay Court | 1 Bedroom Third Floor-with Porch | 1BR,1BA | $1.84 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $1.21 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.56 |
| West Campus Lofts | P1 2 Bed | 1BR,1BA | $2.17 |
Frequently Asked Questions about Downtown Waco
What type of rentals are currently available in Downtown Waco?
There are currently 40 Apartments for Rent in Downtown Waco, TX with pricing that ranges from $509 to $4,027. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $800 to $2,400.
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 $800 to $2,400 with an average monthly rent of $1,615.
How much are larger Three and Four Bedroom Rentals in Downtown Waco?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Waco range from $659 to $3,958, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $509.
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
Top Neighborhoods to Rent Near Major Colleges and Universities in Waco
Written by: Rhonda R Fletcher
Hi, I'm Rhonda, your ApartmentHomeLiving.com Local Expert for Waco, Texas. Waco is a fun town (even for Longhorns). There are some great diners and beautiful landmarks.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.