Cheap Apartments for Rent in the Parkdale Neighborhood of Waco, TX from $500 (8 Rentals)

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

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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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

5101 Tennyson DrWaco, TX 76710
  • Utilities Included
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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710

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.

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 1 Bed unit found at Avila priced from $731. Brookview Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here are the most affordable Parkdale apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
Avila1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$731
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$919
Sandstone1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$926

Best Value Apartments for Rent in Parkdale, TX

As of September 20, 2025 the best value apartment in the Parkdale 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 Parkdale apartment is the Two Bedroom Townhome Model at Park Place Apartments starting at $1,300 with a $1.00 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.
The EdmondThe Ranger3BR,3BA$0.87
Park Place ApartmentsTwo Bedroom Townhome2BR,2.5BA$1.00
Woodway Park CondominiumsTwo Bedroom Townhome2BR,1.5BA$1.00
Lake Air Green ApartmentsOne Bedroom1BR,1BA$1.24
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.26
Three 44 ApartmentsA11BR,1BA$1.52
The Colony ApartmentsUnit B1BR,1BA$1.66
Azur1 Bed, 1 Bath1BR,1BA$1.66
Avila1 Bed, 1 Bath1BR,1BA$1.47
TribecaOne Bedroom1BR,1BA$1.68

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Pet Friendly Lifestyle
Parkdale, Waco, TX

Ranked #7

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $756, while the average apartment in Parkdale costs $1,495.

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

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

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.

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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.