Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $900 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.

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.

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.

Best Value Apartments for Rent in Downtown Waco, TX

As of January 08, 2026 the best value apartment in the Downtown Waco area is the $1.78 price per square foot 1 Bedroom 1 Bath Model at 101 Elm in the in the Carver neighborhood starting from $1,425. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
101 Elm1 Bedroom 1 Bath1BR,1BA$1.78
222 Clay Court1 Bedroom Third Floor-with Porch1BR,1BA$1.81
Carriage House672 sq ft 1 bed1BR,1BA$1.64
The BruinA1-R1BR,1BA$1.77
Franklin PlaceA21BR,1BA$2.00
ElevateA11BR,1BA$2.70
Riverfront LoftsE1Studio ,1BA$2.81
Abbey Glenn ApartmentsA1F1BR,1BA$2.47
Tinsley PlaceUnion 1BR/1BA1BR,1BA$2.14
West Campus LoftsP1 1 Bed1BR,1BA$2.91

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 $4,198. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $995 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 $995 to $2,500 with an average monthly rent of $1,463.

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

decorative image for A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX article

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.

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.