Cheap Homes for Rent in University Neighborhood of Waco, TX from $600 (19 Rentals)

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Search the lowest-cost Homes available for rent right now in the University area of Waco.

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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University, Waco, TX Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University area of Waco, TX is a 1 Bed unit found at South Terrace priced from $658. 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 University apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
Historic Lofts at Waco High1 Bedroom1BR,1BA$750
Prime Properties Waco1Bed-1Bath1BR,1BA$799
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$900
The Enclave at the StadiumA11BR,1BA$984

Best Value Apartments for Rent in University, TX

As of July 30, 2025 the best value apartment in the University area is the $1.26 price per square foot 4BR/2.0BA Model at Allen Place in the in the South End neighborhood starting from $1,800. The second greatest value University apartment is the 3 Bedrooms 2 Baths Model at 19Eleven starting at $1,399 with a $1.01 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Allen Place4BR/2.0BA4BR,2BA$1.26
19Eleven3 Bedrooms 2 Baths3BR,2BA$1.01
The Centre2/2.52BR,2.5BA$0.99
The Residence at CTMC1 Wrangler3BR,2BA$1.35
Tuscany Ranch Apartments2 Bd 2 Bth w/ Att Garage (Price not included)2BR,2BA$1.53
Historic Lofts at Waco High1 Bedroom1BR,1BA$0.94
RIVERCRESTA31BR,1BA$1.58
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.23
Prime Properties Waco1Bed-1Bath1BR,1BA$1.13
South Terrace1x11BR,1BA$1.07

Quick Rent Budget Calculator

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Frequently Asked Questions about University

What type of rentals are currently available in University?

There are currently 125 Apartments for Rent in University, TX with pricing that ranges from $690 to $4,419. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $600 to $4,500.

What is the current price range for Rental Homes in University?

Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $600 to $4,500 with an average monthly rent of $1,769.

How much are larger Three and Four Bedroom Rentals in University?

For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $700 to $4,419, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $690.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.