Cheap Homes for Rent in Richland Hills Neighborhood of Waco, TX from $1,100 (5 Rentals)

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Search the lowest-cost Homes 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.

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.

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. Avila has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here are the most affordable Richland Hills 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

Best Value Apartments for Rent in Richland Hills, TX

As of April 24, 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 $1,352 with a $1.24 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$1.24
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$1.19
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.19
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.25
Rambler Heights1 Bedroom1BR,1BA$1.10
Three 44 ApartmentsA11BR,1BA$1.47
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 Richland Hills

What type of rentals are currently available in Richland Hills?

There are currently 41 Apartments for Rent in Richland Hills, TX with pricing that ranges from $755 to $4,942. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richland Hills ranging from $1,150 to $1,995.

What is the current price range for Rental Homes in Richland Hills?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Richland Hills ranges from $1,150 to $1,995 with an average monthly rent of $1,509.

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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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.