909 N 10th St
WacoTX76707
Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $1,200 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1413 N 7th St
WacoTX76707
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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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 | $1,572 | $1,250 | $1,895 |
| Downtown Waco 3 Bedroom Homes for Rent | $1,529 | $1,300 | $1,800 |
| Downtown Waco 4 Bedroom Homes for Rent | $1,549 | $1,549 | $1,549 |
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 July 05, 2026 the best value apartment in the Downtown Waco area is the $0.61 price per square foot C1 Model at Elevate in the in the Carver neighborhood starting from $669. The second greatest value Downtown Waco apartment is the B3-R Model at The Bruin starting at $1,253 with a $1.17 price per square foot in the South End 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. |
|---|---|---|---|
| Elevate | C1 | 3BR,3BA | $0.61 |
| The Bruin | B3-R | 2BR,2.5BA | $1.17 |
| 300 Clay Ave | 1BD/1B | 1BR,1BA | $1.75 |
| 101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
| 222 Clay Court | 1 Bedroom Third Floor-with Porch | 1BR,1BA | $1.97 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $1.19 |
| Abbey Glenn Apartments | A5 | 1BR,1BA | $1.84 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.56 |
| Tinsley Place | Flatiron Garage 1BR/1BA | 1BR,1BA | $2.44 |
| 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 38 Apartments for Rent in Downtown Waco, TX with pricing that ranges from $499 to $4,027. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $1,250 to $3,500.
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 $1,250 to $3,500 with an average monthly rent of $1,989.
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 $3,030, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,549 and Four Bedroom Apartments start at $499.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.