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.

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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

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 $853. 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 Bath1BR,1BA$853
Madeira ApartmentsMatador1BR,1BA$945

Best Value Apartments for Rent in Parkdale, TX

As of November 16, 2025 the best value apartment in the Parkdale area is the $1.00 price per square foot 2 Bed Townhome Model at Park Place Apartments in the in the Parkdale neighborhood starting from $1,300. The second greatest value Parkdale 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 Parkdale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.00
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
The Colony ApartmentsUnit E2BR,2BA$1.31
Brookview Hills2 Bedroom, 1 Bathroom Townhome2BR,1BA$1.21
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Woodhollow ApartmentsA2-D 1X11BR,1BA$1.67
Three 44 ApartmentsA11BR,1BA$1.52
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1.59
Avila1 Bed, 1 Bath1BR,1BA$1.42
The EdmondThe ArmstrongStudio ,1BA$1.52

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Pet Friendly Lifestyle
Parkdale, Waco, TX

Ranked #5

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 $853, while the average apartment in Parkdale costs $1,444.

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 5 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.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.