Cheap Homes for Rent in Waco, TX from $600 (69 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Waco.

property at 608 N 30th St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

Studio, 1 Bath Home for Rent

Available Aug 15

608 N 30th St

WacoTX76707

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.

Read Article
property at 1716 Ethel Ave

$1,000 - $1,100

1 Bedroom Rentals

Available Now

1716 Ethel Ave

WacoTX76707

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.

Read Article

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.

Read Article
property at 1623 Seley Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 2 Bath Home for Rent

Available Now

1623 Seley Ave

WacoTX76704

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 2

Waco, TX Local Guide

Cheapest Neighborhoods for Apartments in Waco, TX

Pricing Updated: 07/04/2026

Current apartment rentals in the Waco, TX area range in price from $414 to $4,906 with an overall median price of $1,701. The three Waco neighborhoods with the lowest median rent pricing are Oakwood at $414, North Waco at $499, and Heart of Texas at $795. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Waco Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Oakwood$1,127$41410
North Waco$1,285$49944
Heart of Texas$1,402$79586
Parkdale$1,402$79581
Landon Branch$1,409$70985
Timbercrest$1,432$73944
North End$1,480$70940
Richland Hills$1,497$79587
Carver$1,501$49990
Alta Vista$1,550$41431

Cheapest Available Waco Apartments for Rent

 

The cheapest available apartment rental in Waco, TX is a Studio unit found at Eagle Crest Apartments in the Carver neighborhood priced from $649. Elevate in the Carver neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $659. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Crest ApartmentsEfficiency/StudioStudio,1BA$649
ElevateC23BR,2BA$659
LL Sams ApartmentsStandard Loft - 4 BDR, 2 BTH | ONE LEFT4BR,2BA$699
University Club ApartmentsOne Bedroom1BR,1BA$709
University Edge WacoPlan E4BR,4BA$745
Rambler Heights1 Bedroom1BR,1BA$750
Brazos Park ApartmentsA-1b1bs1BR,1BA$779
Eleven06 on 35 Apartments1 Bedroom, 1 Bath1BR,1BA$795
The Meadows ApartmentsOne Bedroom1BR,1BA$803
The Colony ApartmentsUnit AStudio,1BA$825

Best Value Apartments for Rent in Waco, TX

As of July 04, 2026 the best value apartment in the Waco area is the $1.00 price per square foot 2 Bed Townhome Model at Woodway Park Condominiums in the in the Parkdale neighborhood starting from $1,200. The second greatest value Waco 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 Waco apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Lake Air Green Apartments2 Bed, 2 Bath2BR,2BA$1.04
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.13
MeadowParkTownhome2BR,2.5BA$1.14
ElevateC13BR,3BA$0.61
The BruinB3-R2BR,2.5BA$1.17
Brookside Apartments2 Bedroom Townhome2BR,1.5BA$1.17
University Edge WacoPlan B2BR,2BA$0.82
Waco ApartmentsWAITLIST ONLY- 3 bedroom Tranquil Garden Style-...3BR,1BA$1.11
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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waco, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Waco, TX

View Map
Waco, TX Apartments Map
View Map
Waco, TX Rental Homes Map

Waco, TX Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 308 Apartments for Rent in Waco, TX with pricing that ranges from $414 to $4,906. There are also 210 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $650 to $7,495.

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 $650 to $7,495 with an average monthly rent of $2,656.

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 $568 to $4,906, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,000. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $499.

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

decorative image for A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.