Cheap Apartments for Rent in the Heart of Texas Neighborhood of Waco, TX from $500 (19 Rentals)

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

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.

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Brookview Hills
1 to 2 Bedroom Apartments

Brookview Hills

3400 W Brookview DrWaco, TX 76710
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CarMel
1 Bedroom Apartments

CarMel

3638 W Waco DrWaco, TX 76710
  • Utilities Included
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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
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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

5101 Tennyson DrWaco, TX 76710
  • Utilities Included

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.

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 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 ListingModel NameBed/BathPriced From
The EdmondThe Baylor1BR,1BA$795
Legacy Ridge1x11BR,1BA$895
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$900
Avila1 Bed, 1 Bath1BR,1BA$924
Madeira ApartmentsMatador1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sandstone2 Bed, 2 Bath (80% Income Restricted)2BR,2BA$1.31
Legacy Ridge1x11BR,1BA$1.05
The EdmondThe Baylor1BR,1BA$1.04
Azur2 Bed, 1 Bath2BR,1BA$1.39
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.23
2528 McFerrin Ave, Unit A2528 McFerrin Ave1BR,1BA$1.10
The Midway1x11BR,1BA$1.50
Highland Cove1 BR A 1BR,1BA$1.44
Three 44 ApartmentsA11BR,1BA$1.58
Avila1 Bed, 1 Bath1BR,1BA$1.54

Quick Rent Budget Calculator

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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 #8

Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

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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.

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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.

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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.

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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.