Cheap Apartments for Rent in the Richland Hills Neighborhood of Waco, TX from $500 (34 Rentals)

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

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Roots at Waco
Rent Specials
$1,204 - $1,758
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $1,758

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Roots at Waco

3001 S New RdWaco, TX 76706
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Bend at New Road
$1,249 - $1,809
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $1,809

Total Monthly Price
$1,249 - $1,809
1 to 2 Bedroom Apartments Available Now

Bend at New Road

3000 S New RdWaco, TX 76706
Eco-Friendly
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  • Customer Reviewed
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The Residence at CTM
Rent Specials
$1,292 - $2,181
Total Monthly Price

Total Monthly Price

Base Rent
$1,292 - $2,181

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Residence at CTM

5210 Bagby AveWaco, TX 76711
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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Ambassador Residence
1 Bedroom Apartments

Ambassador Residence

508 N 38th StWaco, TX 76710
Senior Living
  • Utilities Included
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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Richland Hills, Waco, TX Local Guide

Cheapest Available Richland Hills Apartments for Rent

 

The cheapest available apartment rental in the Richland Hills area of Waco, TX is a 1 Bed unit found at Rambler Heights priced from $750. The Edmond has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Richland Hills apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
The EdmondThe ArmstrongStudio,1BA$799
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$805
Sunrise PointeA11BR,1BA$850
The Colony ApartmentsUnit AStudio,1BA$895
Sandstone1 Bed, 1 Bath B (80% Income Restricted)1BR,1BA$913
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$939
Historic Lofts of Waco High1 Bedroom1BR,1BA$941
Madeira ApartmentsA1 1x11BR,1BA$945
TribecaOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Richland Hills, TX

As of April 09, 2026 the best value apartment in the Richland Hills area is the $1.04 price per square foot Two Bedroom Model at Park Place Apartments in the in the Parkdale neighborhood starting from $1,200. The second greatest value Richland Hills apartment is the B1 Stetson Model at The Residence at CTM starting at $1,342 with a $1.23 price per square foot in the Alta Vista neighborhood. Here is today’s list of the best values for Richland Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
The Residence at CTMB1 Stetson2BR,2BA$1.23
Bend at New Road2 Bed 2 Bath (Fireplace Optional)2BR,2BA$1.39
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Sunrise PointeB12BR,1BA$1.20
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.19
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.29
Rambler Heights1 Bedroom1BR,1BA$1.10
Three 44 ApartmentsA11BR,1BA$1.48
Avila1 Bed, 1 Bath1BR,1BA$1.38

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
Richland Hills, Waco, TX

Ranked #3

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Richland Hills Apartments

What is a cheap apartment in Richland Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richland Hills is under $950.

What is the price of a cheap apartment in Richland Hills?

The cheapest apartment in Richland Hills is Rambler Heights which is listed at $750, while the average apartment in Richland Hills costs $1,553.

What types of apartments are the cheapest in Richland Hills?

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 17 regular apartments in Richland Hills 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 Richland Hills?

Cheap apartments in Richland Hills have an average cost of $149 which is $1,404 cheaper than the average rent for all rentals in Richland Hills.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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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.