Cheap Homes for Rent in Waco, TX from $600 (44 Rentals)

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

property at 324 texas ave

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

324 texas ave

HewittTX76643

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.

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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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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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property at 2108 N 21st St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2108 N 21st St

WacoTX76708
property at 1401 Bagby Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 2 Bath Condo for Rent

Available Now

1401 Bagby Ave, Unit 10

1401 Bagby Ave
WacoTX76706

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-44, Page 1 of 1

Waco, TX Local Guide

Cheapest Neighborhoods for Apartments in Waco, TX

Pricing Updated: 04/04/2026

Current apartment rentals in the Waco, TX area range in price from $499 to $4,128 with an overall median price of $1,900. The three Waco neighborhoods with the lowest median rent pricing are North Waco at $499, Timbercrest at $655, and North End at $595. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Waco Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Waco$1,313$49963
Timbercrest$1,330$65580
North End$1,350$59552
Oakwood$1,385$65546
Heart of Texas$1,394$59584
Landon Branch$1,394$59595
Parkdale$1,495$59589
Kendrick$1,553$799139
Richland Hills$1,553$595140
West Waco$1,553$795121

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 $599. 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$599
ElevateC23BR,2BA$659
South Terrace1x11BR,1BA$697
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
The Meadows ApartmentsOne Bedroom1BR,1BA$795
The EdmondThe ArmstrongStudio,1BA$799

Best Value Apartments for Rent in Waco, TX

As of April 05, 2026 the best value apartment in the Waco area is the $1.16 price per square foot 3/2 MA Model at The Majestic at Hewitt in the in the West Waco neighborhood starting from $1,570. The second greatest value Waco apartment is the 2 Bed Townhome Model at Woodway Park Condominiums starting at $1,200 with a $1.00 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.
The Majestic at Hewitt3/2 MA3BR,2BA$1.16
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
MeadowParkTownhome2BR,2.5BA$1.14
University Edge WacoPlan B2BR,2BA$0.82
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Bear Crossing2 Bedroom 2 Bath2BR,2BA$0.59
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.19
Rambler Heights1 Bedroom1BR,1BA$1.10
South Terrace1x11BR,1BA$1.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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

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.

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

Explore Waco, TX Rentals by Map

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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 307 Apartments for Rent in Waco, TX with pricing that ranges from $499 to $4,128. There are also 241 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waco ranging from $650 to $9,000.

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 $9,000 with an average monthly rent of $1,849.

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 $659 to $3,988, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,500. 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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.