Cheap Apartments for Rent in the Heart of Texas Neighborhood of Waco, TX from $500 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Heart of Texas area of Waco.

Heart of Texas - 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!

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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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Lake Air
1 to 3 Bedroom Apartments

Lake Air

1625 Wooded Acres DrWaco, TX 76710
Senior Living
  • Utilities Included
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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710
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Pecan Park
1 Bedroom Apartments

Pecan Park

1725 Sanger AveWaco, TX 76707
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Ambassador Residence
1 Bedroom Apartments

Ambassador Residence

508 N 38th StWaco, TX 76710
Senior Living
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

5101 Tennyson DrWaco, TX 76710
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Tribeca
1 to 2 Bedroom Apartments

Tribeca

4801 Sanger AveWaco, TX 76710

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Midway
1 to 3 Bedroom Apartments

The Midway

416 Owen LnWaco, TX 76710
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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
  • Utilities Included

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.

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Showing Results 1-44, Page 1 of 1

Heart of Texas, Waco, TX Local Guide

Cheapest Available Heart of Texas Apartments for Rent

 

The cheapest available apartment rental in the Heart of Texas area of Waco, TX is a 1 Bed unit found at Rambler Heights priced from $750. Car Mel Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here are the most affordable Heart of Texas apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
Car Mel Apartments1-1 Standard1BR,1BA$865
Westwood Villa Apartments1BR/1BA1BR,1BA$915
Madeira ApartmentsA1 1x11BR,1BA$945
Sunrise PointeA11BR,1BA$947
TribecaOne Bedroom1BR,1BA$950
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$994
Highland Cove1 BR A 1BR,1BA$995
Woodhollow ApartmentsA2-P 1x11BR,1BA$1,000
Sandstone2 Bed, 1 Bath A (80% Income Restricted)2BR,1BA$1,024

Best Value Apartments for Rent in Heart of Texas, TX

As of August 20, 2026 the best value apartment in the Heart of Texas area is the $1.05 price per square foot 2X1.5 Model at The Edmond Apartments in the in the Parkdale neighborhood starting from $1,250. The second greatest value Heart of Texas apartment is the 2 Bed, 2 Bath Model at Lake Air Green Apartments starting at $1,200 with a $1.04 price per square foot in the Parkdale neighborhood. Here is today’s list of the best values for Heart of Texas apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Edmond Apartments2X1.52BR,1.5BA$1.05
Lake Air Green Apartments2 Bed, 2 Bath2BR,2BA$1.04
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.13
Columbus HeightsTownhome2BR,2.5BA$1.41
Brookview Hills2 Bedroom, 1 Bathroom Townhome2BR,1BA$1.21
Three 44 ApartmentsB12BR,1.5BA$1.34
Westwood Villa Apartments1BR/1BA1BR,1BA$1.24
Car Mel Apartments1-1 R1BR,1BA$1.32
Sunrise PointeA11BR,1BA$1.33
Rambler Heights1 Bedroom1BR,1BA$1.10

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.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Waco

A Local Experts Guide to The Neighborhoods for Student Housing near Colleges and Universities in Waco. Find your perfect Waco apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Heart Of Texas, Waco, TX

Ranked #13

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Heart Of Texas, Waco, TX

School data provided by Great Schools

Frequently Asked Questions about Cheap Heart of Texas Apartments

What is the price of a cheap apartment in Heart of Texas?

The cheapest apartment in Heart of Texas is Rambler Heights which is listed at $750, while the average apartment in Heart of Texas costs $1,109.

What types of apartments are the cheapest in Heart of Texas?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17 regular apartments in Heart of Texas that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Heart of Texas?

Cheap apartments in Heart of Texas have an average cost of $564 which is $545 cheaper than the average rent for all rentals in Heart of Texas.

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

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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.

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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.

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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.

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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.