Cheap Apartments for Rent in the Parkdale Neighborhood of Waco, TX from $700 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkdale area of Waco.

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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710
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The Midway
1 to 3 Bedroom Apartments

The Midway

416 Owen LnWaco, TX 76710
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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
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Parkdale, Waco, TX Local Guide

Cheapest Available Parkdale Apartments for Rent

 

The cheapest available apartment rental in the Parkdale 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 $842. Here are the most affordable Parkdale apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
The EdmondThe ArmstrongStudio,1BA$799
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$842
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$939
Madeira ApartmentsA1 1x11BR,1BA$945
TribecaOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Parkdale, TX

As of January 23, 2026 the best value apartment in the Parkdale 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 Parkdale apartment is the Two Bedroom Model at Park Place 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 Parkdale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Avila2 Bed, 2 Bath2BR,2BA$1.43
421 Villa Dr, Unit 1BR1BA421 Villa Dr1BR,1BA$1.24
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.29
Woodhollow ApartmentsA2-D 1X11BR,1BA$1.63
The Colony ApartmentsUnit B1BR,1BA$1.66
TribecaOne Bedroom1BR,1BA$1.68
The EdmondThe ArmstrongStudio ,1BA$1.52

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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Lifestyle Ratings

Our team of engineers and researchers works hard to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Texas, including Waco. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, features that make it easier to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Parkdale Apartments

What is the price of a cheap apartment in Parkdale?

The cheapest apartment in Parkdale is Avila which is listed at $842, while the average apartment in Parkdale costs $2,400.

What types of apartments are the cheapest in Parkdale?

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 13 regular apartments in Parkdale that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.