0000 Austin Ave
WacoTX76701
Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.
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.
718 Rusk St
WacoTX76704
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
513 Sherman St
WacoTX76704
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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 | $1,362 | $1,150 | $1,500 |
| Downtown Waco 3 Bedroom Homes for Rent | $1,717 | $1,450 | $2,500 |
| Downtown Waco 4 Bedroom Homes for Rent | $1,697 | $1,200 | $2,195 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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
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Best Value Apartments for Rent in Downtown Waco, TX
As of July 30, 2025 the best value apartment in the Downtown Waco area is the $0.88 price per square foot 2/2.5 Model at The Centre in the in the South End neighborhood starting from $1,149. The second greatest value Downtown Waco apartment is the B1F Model at Abbey Glenn Apartments starting at $1,400 with a $1.66 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 Centre | 2/2.5 | 2BR,2.5BA | $0.88 |
| Abbey Glenn Apartments | B1F | 2BR,1BA | $1.66 |
| 101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
| Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $0.94 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
| The Bruin | A1-R | 1BR,1BA | $1.77 |
| Tinsley Place | Flatiron Garage 1BR/1BA | 1BR,1BA | $2.64 |
| West Campus Lofts | P1 2 Bed | 1BR,1BA | $3.76 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Waco
What type of rentals are currently available in Downtown Waco?
There are currently 36 Apartments for Rent in Downtown Waco, TX with pricing that ranges from $750 to $4,419. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $1,000 to $2,500.
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 $1,000 to $2,500 with an average monthly rent of $1,435.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.