Cheap Apartments for Rent in the Heart of Texas Neighborhood of Waco, TX from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Heart of Texas area of Waco.

The Edmond

2400 Washington Ave

Sunrise Pointe
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.

812 N 62nd St
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.

4008 Homan Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

812 N 62nd St

2701 Colonial Ave
Heart of Texas, Waco, TX Local Guide

How much does it cost to rent an apartment in Heart of Texas?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Heart of Texas 1 Bedroom Apartments | $1,080 | $695 | $1,759 |
Heart of Texas 2 Bedroom Apartments | $1,298 | $799 | $2,444 |
Heart of Texas 3 Bedroom Apartments | $1,670 | $1,350 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Heart of Texas Neighborhood of Waco, TX.
See all Apartments in WacoExplore Waco
Heart of Texas, Waco, TX Local Guide
- Nearby Waco neighborhoods
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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 The Edmond priced from $795. Legacy Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Heart of Texas apartments for rent in Waco, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Edmond | The Baylor | 1BR,1BA | $795 |
Legacy Ridge | 1x1 | 1BR,1BA | $895 |
Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $900 |
Avila | 1 Bed, 1 Bath | 1BR,1BA | $924 |
Madeira Apartments | Matador | 1BR,1BA | $945 |
Best Value Apartments for Rent in Heart of Texas, TX
As of June 20, 2025 the best value apartment in the Heart of Texas area is the $1.31 price per square foot 2 Bed, 2 Bath (80% Income Restricted) Model at Sandstone in the in the Parkdale neighborhood starting from $1,239. The second greatest value Heart of Texas apartment is the 1x1 Model at Legacy Ridge starting at $895 with a $1.05 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sandstone | 2 Bed, 2 Bath (80% Income Restricted) | 2BR,2BA | $1.31 |
Legacy Ridge | 1x1 | 1BR,1BA | $1.05 |
The Edmond | The Baylor | 1BR,1BA | $1.04 |
Azur | 2 Bed, 1 Bath | 2BR,1BA | $1.39 |
Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.23 |
2528 McFerrin Ave, Unit A | 2528 McFerrin Ave | 1BR,1BA | $1.10 |
The Midway | 1x1 | 1BR,1BA | $1.50 |
Highland Cove | 1 BR A | 1BR,1BA | $1.44 |
Three 44 Apartments | A1 | 1BR,1BA | $1.58 |
Avila | 1 Bed, 1 Bath | 1BR,1BA | $1.54 |
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.
Pet Friendly LifestyleHeart Of Texas, Waco, TX
Ranked #8
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 The Edmond which is listed at $795, while the average apartment in Heart of Texas costs $1,675.
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 8 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 $474 which is $1,201 cheaper than the average rent for all rentals in Heart of Texas.
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.