Cheap Apartments for Rent in the University Neighborhood of Waco, TX from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Waco.

2400 Washington Ave

Prime Properties Waco

The Enclave at the Stadium

RIVERCREST
University, Waco, TX Local Guide

How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $1,461 | $1,375 | $1,557 |
| University 1 Bedroom Apartments | $1,375 | $595 | $3,170 |
| University 2 Bedroom Apartments | $1,517 | $789 | $3,975 |
| University 3 Bedroom Apartments | $1,238 | $659 | $3,637 |
| University 4 Bedroom Apartments | $1,250 | $499 | $2,996 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the University Neighborhood of Waco, TX.
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University, Waco, TX Local Guide
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Waco, TX is a 3 Beds unit found at Elevate priced from $659. LL Sams Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here are the most affordable University apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elevate | C2 | 3BR,2BA | $659 |
| LL Sams Apartments | Standard Loft - 4 BDR, 2 BTH | 4BR,2BA | $699 |
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $850 |
| The Cove on 21st | A1 | 1BR,1BA | $875 |
Best Value Apartments for Rent in University, TX
As of November 17, 2025 the best value apartment in the University area is the $1.12 price per square foot Spacious Renovated 3/2 at Allen Place - Walk to... Model at Allen Place in the in the South End neighborhood starting from $1,450. The second greatest value University apartment is the B3-R Model at The Bruin starting at $1,355 with a $1.26 price per square foot in the South End neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Allen Place | Spacious Renovated 3/2 at Allen Place - Walk to... | 3BR,2BA | $1.12 |
| The Bruin | B3-R | 2BR,2.5BA | $1.26 |
| Brookview Hills | 2 Bedroom, 1 Bathroom Townhome | 2BR,1BA | $1.21 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| Waco Apartments | 3 Bedroom 1 bath | 3BR,1BA | $1.05 |
| Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $1.16 |
| The Residence at CTM | A1 Roper | 1BR,1BA | $1.39 |
| Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $1.21 |
| The Cove on 21st | A1 | 1BR,1BA | $1.48 |
| 1725 Sanger Ave, Unit 4 | 1725 Sanger Ave | 1BR,1BA | $1.52 |
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Pet Friendly LifestyleUniversity, Waco, TX
Ranked #3
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in University, Waco, TX
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Waco. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, transit availability, pet-friendly communities, apartment complexes for the kids, and much more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap University Apartments
What is the Cheapest Studio apartment in University?
Currently the most affordable Cheap Studio Apartment in University is at Station at Cottonwood Creek listed at $1,036.
How much is rent for a Cheap One Bedroom University Apartment?
The lowest price for a Cheap One Bedroom University Apartment is $850 at Prime Properties Waco.
What is the lowest price for a Cheap Two Bedroom University Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in University is starting from $829 at LL Sams Apartments.
What is the most affordable University Three Bedroom Apartment?
The best deal on a cheap University Three Bedroom Apartment rental is at Elevate and starts from $659.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.




















