Cheap Apartments for Rent in the Richland Hills Neighborhood of Waco, TX from $500 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Richland Hills 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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Roots at Waco
Rent Specials
$1,249 - $1,857
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $1,857
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jul 15

Roots at Waco

3001 S New RdWaco, TX 76706
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Bend at New Road
$1,279 - $1,839
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $1,839
Total Monthly Price
$1,279 - $1,839
1 to 2 Bedroom Apartments Available Aug 15

Bend at New Road

3000 S New RdWaco, TX 76706
Eco-Friendly
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  • Customer Reviewed
  • 3D Tour
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The Retreat at CTM
Rent Specials
$1,293 - $2,502
Total Monthly Price

Total Monthly Price

Base Rent
$1,293 - $2,502
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Retreat at CTM

2500 Marketplace DrWaco, TX 76711
Furnished
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  • Customer Reviewed
  • 3D Tour

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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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

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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Showing Results 1-39, Page 1 of 1

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. Sandstone has the second lowest priced unit, which is a 1 Bed apartment currently listed from $844. Here are the most affordable Richland Hills apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
Sandstone1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$844
Sunrise PointeA11BR,1BA$850
The Edmond Apartments1X11BR,1BA$855
Westwood Villa Apartments1BR/1BA1BR,1BA$915
Historic Lofts of Waco High1 Bedroom1BR,1BA$941
Madeira ApartmentsA1 1x11BR,1BA$945
TribecaOne Bedroom1BR,1BA$950
Three 44 ApartmentsA11BR,1BA$970

Best Value Apartments for Rent in Richland Hills, TX

As of July 10, 2026 the best value apartment in the Richland Hills area is the $1.04 price per square foot 2 Bed, 2 Bath Model at Lake Air Green Apartments in the in the Parkdale neighborhood starting from $1,200. The second greatest value Richland Hills apartment is the 2 Bed Townhome Model at Park Place Apartments starting at $1,300 with a $1.13 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.
Lake Air Green Apartments2 Bed, 2 Bath2BR,2BA$1.04
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.13
The LegendMagnolia2BR,2BA$1.56
Brookview Hills2 Bedroom, 1 Bathroom Townhome2BR,1BA$1.21
The Colony ApartmentsUnit D2BR,2BA$1.40
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.19
Westwood Villa Apartments1BR/1BA1BR,1BA$1.24
Rambler Heights1 Bedroom1BR,1BA$1.10
Carriage House672 sq ft 1 bed1BR,1BA$1.56
Three 44 ApartmentsA11BR,1BA$1.47

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 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 $1,500.

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 10 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 $188 which is $1,312 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

decorative image for A Texas Local Expert's Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX article

A Texas Local Expert's 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.