Cheap Apartments for Rent in the Richland Hills Neighborhood of Waco, TX from $500 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Richland Hills 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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CarMel
1 to 3 Bedroom Apartments

CarMel

3638 W Waco DrWaco, TX 76710
  • Utilities Included

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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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

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 Avila priced from $731. Historic Lofts at Waco High has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Richland Hills apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
Avila1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$731
Historic Lofts at Waco High1 Bedroom1BR,1BA$750
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$919
Sandstone1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$926
Madeira ApartmentsMatador1BR,1BA$945

Best Value Apartments for Rent in Richland Hills, TX

As of September 20, 2025 the best value apartment in the Richland Hills 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 Richland Hills 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 Richland Hills 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
Tuscany Ranch Apartments2 Bd 2 Bth w/ Att Garage (Price not included)2BR,2BA$1.53
2215 Sanger Ave, Unit A2215 Sanger Ave2BR,1BA$0.93
2425 Parrott Ave, Unit 2425 Parrott2425 Parrott Ave2BR,1BA$0.99
Lake Air Green ApartmentsOne Bedroom1BR,1BA$1.24
Historic Lofts at Waco High1 Bedroom1BR,1BA$0.94
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.26
Three 44 ApartmentsA11BR,1BA$1.52
Avila1 Bed, 1 Bath1BR,1BA$1.47

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Pet Friendly Lifestyle
Richland Hills, Waco, TX

Ranked #4

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 the price of a cheap apartment in Richland Hills?

The cheapest apartment in Richland Hills is Avila which is listed at $731, while the average apartment in Richland Hills costs $1,688.

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 28 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 $304 which is $1,384 cheaper than the average rent for all rentals in Richland Hills.

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.