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Cheap Apartments for Rent in the University Neighborhood of Waco, TX from $400 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Waco.
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$834 - $1,2731 to 4 Bedroom Apartments Contact Us For Availability
Costa Esmeralda
1516 Gurley LnWaco, TX 76706
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$850 - $1,3501 to 4 Bedroom Apartments Available Now
Prime Properties Waco
1800 Primrose DrWaco, TX 76706
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$870 - $1,4321 to 3 Bedroom Apartments Available Now
The Enclave at the Stadium
1600 S M.L.K. Jr BlvdWaco, TX 76704
2721 Morrow Ave
WacoTX76707
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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.
2208 Cumberland Ave
WacoTX76707
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Rent Specials
$1,044 - $4,1981 to 3 Bedroom Apartments Available Now
Tinsley Place
715 Cleveland AveWaco, TX 76706
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$1,083 - $1,8131 to 2 Bedroom Apartments Contact Us For Availability
RIVERCREST
66 Daughtrey AveWaco, TX 76706
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$1,100 - $1,3951 to 2 Bedroom Apartments Available Now
Carriage House
1923 Austin AveWaco, TX 76701
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$1,100 - $1,4501 to 3 Bedroom Apartments Available Now
Abbey Glenn Apartments
700 S 4th StWaco, TX 76706
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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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The Art of the Rental Viewing: What to look for during a property tour
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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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.
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Showing Results 1-33, Page 1 of 1
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 | $1,471 | $1,400 | $1,542 |
| University 1 Bedroom Apartments | $1,370 | $595 | $3,030 |
| University 2 Bedroom Apartments | $1,489 | $789 | $3,975 |
| University 3 Bedroom Apartments | $1,335 | $659 | $4,198 |
| University 4 Bedroom Apartments | $1,221 | $499 | $2,996 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the University Neighborhood of Waco, TX.
See all Apartments in WacoExplore Waco
University, Waco, TX Local Guide
- Nearby Waco neighborhoods
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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 Enclave at the Stadium | A1 | 1BR,1BA | $870 |
| The Cove on 21st | B1 | 2BR,2BA | $975 |
| Station at Cottonwood Creek | S2 | Studio,1BA | $1,016 |
| Tinsley Place | Union 1BR/1BA | 1BR,1BA | $1,044 |
| The Bruin | A1-R | 1BR,1BA | $1,075 |
| Abbey Glenn Apartments | A5 | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in University, TX
As of January 04, 2026 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 C1 Wrangler Model at The Residence at CTM starting at $1,499 with a $1.18 price per square foot in the Alta Vista 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 Residence at CTM | C1 Wrangler | 3BR,2BA | $1.18 |
| 1325 Bagby Ave, Unit C | 1325 Bagby Ave | 2BR,2BA | $1.45 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| The Cove on 21st | B2U | 2BR,2BA | $1.44 |
| Tuscany Ranch Apartments | 1 Bd 1 Bth w/ Fireplace | 1BR,1BA | $1.58 |
| Bend at New Road | 1 Bed 1 Bath (Fireplace Optional) | 1BR,1BA | $1.62 |
| Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $1.21 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
| The Enclave at the Stadium | A1 | 1BR,1BA | $1.45 |
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.
Read ArticleCash 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.
Read ArticleTop 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
Read ArticleQuick 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 LifestyleUniversity, Waco, TX
Ranked #1
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 a cheap apartment in University?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,100.
What is the price of a cheap apartment in University?
The cheapest apartment in University is Prime Properties Waco which is listed at $850, while the average apartment in University costs $3,000.
What types of apartments are the cheapest in University?
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 99 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $536 which is $2,464 cheaper than the average rent for all rentals in University.
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
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.