Cheap Apartments for Rent in the Heart of Texas Neighborhood of Waco, TX from $500 (17 Rentals)

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

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Pecan Park
1 Bedroom Apartments

Pecan Park

1725 Sanger AveWaco, TX 76707
  • Utilities Included
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Ambassador Residence
1 Bedroom Apartments

Ambassador Residence

508 N 38th StWaco, TX 76710
Senior Living
  • Utilities Included
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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

5101 Tennyson DrWaco, TX 76710
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710

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 Studio unit found at The Edmond priced from $799. Avila has the second lowest priced unit, which is a 1 Bed apartment currently listed from $853. Here are the most affordable Heart of Texas apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
The EdmondThe ArmstrongStudio,1BA$799
Avila1 Bed, 1 Bath1BR,1BA$853
Madeira ApartmentsMatador1BR,1BA$945
Sandstone1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$949
TribecaOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Heart of Texas, TX

As of November 14, 2025 the best value apartment in the Heart of Texas area is the $1.00 price per square foot 2 Bed Townhome Model at Park Place Apartments in the in the Parkdale neighborhood starting from $1,300. The second greatest value Heart of Texas apartment is the 2 Bedroom, 1 Bathroom Townhome Model at Brookview Hills starting at $1,209 with a $1.21 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.
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.00
Brookview Hills2 Bedroom, 1 Bathroom Townhome2BR,1BA$1.21
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Highland Cove1 BR A 1BR,1BA$1.44
Three 44 ApartmentsA11BR,1BA$1.52
Avila1 Bed, 1 Bath1BR,1BA$1.42
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1.59
The EdmondThe ArmstrongStudio ,1BA$1.52
1725 Sanger Ave, Unit 41725 Sanger Ave1BR,1BA$1.52
2603 N 21st St, Unit Garage apt2603 N 21st St2BR,1BA$1.39

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #13

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

Pet Friendliness Lifestyle Score

2.5
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 Avila which is listed at $853, while the average apartment in Heart of Texas costs $1,397.

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 4 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 $179 which is $1,218 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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.