
Cheap Apartments for Rent in the Parkdale Neighborhood of Waco, TX from $700 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkdale area of Waco.


The Edmond

Sunrise Pointe

The Colony Apartments

421 Villa Dr, Unit 1BR1BA
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.

Woodhollow Apartments

Brookview Hills

Madeira Apartments

Tribeca

Sandstone
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.

Lake Air Green Apartments

Legacy Ridge

7320 Sanger Ave

836 N 62nd St

The Midway

Creole Apartments
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.

7200 Sanger Ave
Parkdale, Waco, TX Local Guide

How much does it cost to rent an apartment in Parkdale?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkdale Studio Apartments | $1,073 | $799 | $1,800 |
| Parkdale 1 Bedroom Apartments | $1,109 | $842 | $2,420 |
| Parkdale 2 Bedroom Apartments | $1,284 | $995 | $2,080 |
| Parkdale 3 Bedroom Apartments | $2,272 | $1,145 | $5,645 |
| Parkdale 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Parkdale Neighborhood of Waco, TX.
See all Apartments in WacoExplore Waco
Parkdale, Waco, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Edmond | The Armstrong | Studio,1BA | $799 |
| Avila | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $842 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $939 |
| Madeira Apartments | A1 1x1 | 1BR,1BA | $945 |
| Tribeca | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Woodway Park Condominiums | 2 Bed Townhome | 2BR,1.5BA | $1.00 |
| Park Place Apartments | Two Bedroom | 2BR,2BA | $1.04 |
| Lake Air Green Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Avila | 2 Bed, 2 Bath | 2BR,2BA | $1.43 |
| 421 Villa Dr, Unit 1BR1BA | 421 Villa Dr | 1BR,1BA | $1.24 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.29 |
| Woodhollow Apartments | A2-D 1X1 | 1BR,1BA | $1.63 |
| The Colony Apartments | Unit B | 1BR,1BA | $1.66 |
| Tribeca | One Bedroom | 1BR,1BA | $1.68 |
| The Edmond | The Armstrong | Studio ,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.
Read ArticleThe 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.
Read ArticleCash 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 ArticleTop 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 ArticleQuick 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.
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

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.

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.

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.

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.

