Cheap Homes for Rent in Waco, TX from $400 (37 Rentals)

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property at 1214 Baylor Ave

1214 Baylor Ave

WacoTX76706
property at 1421 S 12th St

1421 S 12th St

WacoTX76706
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Waco, TX Local Guide

Cheapest Neighborhoods for Apartments in Waco, TX

Pricing Updated: 09/20/2025

Current apartment rentals in the Waco, TX area range in price from $599 to $4,424 with an overall median price of $1,522. The three Waco neighborhoods with the lowest median rent pricing are Landon Branch at $695, Brookview at $745, and North End at $695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Waco Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Landon Branch$1,199$695166
Brookview$1,200$74569
North End$1,225$69599
North Waco$1,225$69597
Timbercrest$1,336$59997
Heart of Texas$1,394$695141
Carver$1,425$659127
Alta Vista$1,492$69098
Parkdale$1,495$745128
Brook-Oaks$1,535$690116

Cheapest Available Waco Apartments for Rent

 

The cheapest available apartment rental in Waco, TX is a 1 Bed unit found at South Terrace in the South End neighborhood priced from $658. Eagle Crest Apartments in the Carver neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $659. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
Eagle Crest ApartmentsEfficiency/StudioStudio,1BA$659
University Club ApartmentsOne Bedroom1BR,1BA$699
University Edge WacoPlan E4BR,4BA$705
Avila1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$731
Highlander Square ApartmentsClassic 1 BR1BR,1BA$735
Brazos Park ApartmentsB-1b1bm1BR,1BA$749
Historic Lofts at Waco High1 Bedroom1BR,1BA$750
The Meadows ApartmentsOne Bedroom1BR,1BA$795

Best Value Apartments for Rent in Waco, TX

As of September 20, 2025 the best value apartment in the Waco area is the $0.87 price per square foot The Ranger Model at The Edmond in the in the Parkdale neighborhood starting from $1,394. The second greatest value Waco apartment is the Spacious Renovated 3/2 Apartment at Allen Place... Model at Allen Place starting at $1,450 with a $1.12 price per square foot in the South End 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.
The EdmondThe Ranger3BR,3BA$0.87
Allen PlaceSpacious Renovated 3/2 Apartment at Allen Place...3BR,2BA$1.12
Park Place ApartmentsTwo Bedroom Townhome2BR,2.5BA$1.00
Woodway Park CondominiumsTwo Bedroom Townhome2BR,1.5BA$1.00
MeadowParkTownhome2BR,2.5BA$1.14
2215 Sanger Ave, Unit A2215 Sanger Ave2BR,1BA$0.93
University Edge WacoPlan C2BR,2BA$0.80
2425 Parrott Ave, Unit 2425 Parrott2425 Parrott Ave2BR,1BA$0.99
Historic Lofts at Waco High1 Bedroom1BR,1BA$0.94
South Terrace1x11BR,1BA$1.07

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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 296 Apartments for Rent in Waco, TX with pricing that ranges from $599 to $4,424. There are also 297 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $450 to $3,900.

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 $3,900 with an average monthly rent of $1,734.

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 $4,424, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,395 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.

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.

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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.