Cheap Apartments for Rent in the Parkdale Neighborhood of Waco, TX from $500 (30 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710
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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

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

Tribeca

4801 Sanger AveWaco, TX 76710
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The Midway
1 to 3 Bedroom Apartments

The Midway

416 Owen LnWaco, TX 76710

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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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
  • Utilities Included

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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Hunterwood
2 Bedroom Apartments

Hunterwood

225 Londonderry DrWoodway, TX 76712
  • Utilities Included
Showing Results 1-30, Page 1 of 1

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 Rambler Heights priced from $750. Avila has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable Parkdale apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$755
The EdmondThe ArmstrongStudio,1BA$799
Sunrise PointeA11BR,1BA$840
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$909
Sandstone1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$913
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$935
Woodhollow ApartmentsA1-P 1x11BR,1BA$935
Madeira ApartmentsA1 1x11BR,1BA$945
TribecaOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Parkdale, TX

As of April 24, 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
Sunrise PointeB12BR,1BA$1.19
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.25
The Colony ApartmentsUnit C1BR,1BA$1.48
Rambler Heights1 Bedroom1BR,1BA$1.10
Three 44 ApartmentsA11BR,1BA$1.47
Avila1 Bed, 1 Bath1BR,1BA$1.38
The EdmondThe ArmstrongStudio ,1BA$1.52

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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Pet Friendly Lifestyle
Parkdale, Waco, TX

Ranked #9

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Parkdale, Waco, TX

School data provided by Great Schools

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 Rambler Heights which is listed at $750, 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 18 regular apartments in Parkdale that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Parkdale?

Cheap apartments in Parkdale have an average cost of $308 which is $1,187 cheaper than the average rent for all rentals in Parkdale.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.