Homes for Rent in Waco, TX (274 Rentals)

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Waco, TX Local Guide

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Written By:
Bob Mallory
Local Guide Expert

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Waco Overview

Waco can be the perfect city for anyone who wants a fresh start in Texas. It is centrally located between Dallas-Fort Worth, Austin, and Houston. However, it offers a much more attractive cost of living than the larger cities. If you want a slower pace that still provides access to a thriving local economy, Waco rental homes are among some of the most affordable you'll find in the Lone Star state. Waco's cost of living is estimated to be 13 percent lower than the national average. The city boasts plentiful outdoor adventures, lots of family-friendly events and attractions, and a top-notch Tex-Mex restaurant scene. 

What is the history of Waco?

The original people here were a Wichita Indian tribe known as the "Waco." The first Western-style house in Waco was built in 1849, which is considered the year of the city's founding. In 1866, residents formed the Waco Bridge Company to build the first 475-foot brick suspension bridge across the Brazos River. The popular Dr. Pepper drink was invented at a corner drug store in Waco in 1885. The bones of dozens of mammoths were discovered at the convergence of the Brazos and Bosque Rivers in the 1970s, and are believed to be 68,000 years old. 

How is the weather in Waco?

Waco's climate is considered humid subtropical. Although it has four distinct seasons, the city has recorded temperatures of 90 degrees every month of the year. The coldest record temperature in Waco was -5 degrees Fahrenheit, recorded in 1949. The hottest temperature ever set was in July 2018, at 114 degrees F. Winters in Waco are usually mild, with the average low temperature in January hovering around 34 degrees. The city received 4.4 inches of snow in 2021, but that was unusual. Waco usually receives less than an inch of snow in a typical year. The city receives several days of rainfall every month, with May being the rainiest.

How do I get around town?

Waco has a city bus system and rideshare services like Uber and Lyft, but most people find it more convenient to own a personal vehicle. The Waco Transit System offers city bus service from Monday through Saturday. The routes are limited in some areas, however. Amtrak passenger train service is available in the city. The "Texas Eagle" Amtrak route offers daily stops in McGregor, which is 20 miles west of Waco. Baylor University also offers a shuttle service for students. There are three airports in the area for air travel. Waco Regional Airport has daily flights to Dallas/Fort Worth International. TSTC Waco Airport and McGregor Executive Airport also offer limited air service.

What is the Waco commute like?

Traffic in Waco is considered fairly mild when compared to the larger cities in Texas. It does have peak traffic times, however. The morning rush hour period is from 7 to 9 a.m. and traffic also gets more congested from 4 to 6 p.m. on weekdays. The areas around Baylor University and Downtown Waco experience some of the heaviest traffic. Football games at Baylor are wildly popular so there are peak traffic times whenever there is a home game. Major holidays also have more traffic. Interstate 35 is the major freeway running north-south through Waco and it connects to Dallas-Fort Worth, Austin, and Houston. 

Why live in Waco, TX?

The affordability of rent is the main reason to consider Waco rental homes. Some surveys estimate that rent in Waco is more than 30 percent lower than the national average. Waco has a rich Mexican-American cultural scene and it is a major college town. Baylor University, McClennon Community College, and Texas State Technical College are based in Waco. Companies like Caterpillar and SpaceX also contribute significantly to the city's strong economy. Waco is also centrally located between Dallas and Austin, so the amenities of even bigger cities are within a short drive.

What Waco landmarks should I see?

The Waco Suspension Bridge is still standing after all these years. It opened in 1869 after being constructed with more than 3 million bricks. The Texas Ranger Hall of Fame and Museum is located in Waco. It's a great place to learn about the history and traditions of one of America's most storied law enforcement groups. Waco is considered the Dr. Pepper capital of the world and the Dr. Pepper Museum is another local landmark worth visiting. Baylor University is the oldest university in Texas and was one of the first universities to be founded west of the Mississippi River in the US. More than 20,000 students enroll in the private university each year.

What is there to do around Waco?

The Brazos River runs through the city and provides plenty of opportunities for kayaking, fishing, or simply taking a stroll along the riverbank. Cameron Park is more than 400 acres in size and it's one of the biggest municipal parks in Texas. It's a great place for biking, hiking, and enjoying a family picnic. Boating, fishing, and camping are available at Waco Lake, which is on the west side of the city. The Waco Mammoth National Monument is a must-visit location in the city. This important paleontological site has uncovered 24 Columbian mammoths, a large cat, and several other mammals from the Pleistocene Epoch. 

Where is the best place to move in Waco?

The North Lake Waco neighborhood is one of the popular areas to look for Waco rental homes. The neighborhood offers close access to Waco Regional Airport, the popular Airport Beach Park, and the Mammoth National Monument. Landon Branch is an upscale residential neighborhood located on the eastern shore of Waco Lake. Sanger Heights is an older neighborhood located directly west of Downtown Waco. For the true "Waco experience," renters might want to explore homes in the Heart of Texas neighborhood. It's a fairly walkable neighborhood with shopping, restaurants, and family parks available. The North East Riverside neighborhood is located across the Brazos River from Downtown Waco and Baylor University.

Pet Friendly Lifestyle
Waco, TX

Ranked #105

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
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Waco, TX Area Reviews

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Rhonda

February 25, 2025

I have spent a lot of time in Waco over the years. It is a great place to start a family or retire for a quieter lifestyle.

Frequently Asked Questions about Waco

What type of rentals are currently available in Waco?

There are currently 284 Apartments for Rent in Waco, TX with pricing that ranges from $595 to $4,419. There are also 272 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $450 to $4,500.

What is the current price range for Rental Homes in Waco?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waco ranges from $450 to $4,500 with an average monthly rent of $1,619.

How much are larger Three and Four Bedroom Rentals in Waco?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Waco range from $700 to $4,419, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $675.

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

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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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