Cheap Homes for Rent in University Neighborhood of Waco, TX from $700 (28 Rentals)

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

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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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 1-28, Page 1 of 1

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 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 ListingModel NameBed/BathPriced From
ElevateC23BR,2BA$659
LL Sams ApartmentsStandard Loft - 4 BDR, 2 BTH4BR,2BA$699
University Edge WacoPlan E4BR,4BA$745
Prime Properties Waco1Bed-1Bath1BR,1BA$850
Historic Lofts of Waco High1 Bedroom1BR,1BA$918
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$939
The Cove on 21stB12BR,2BA$950
Tinsley PlaceUnion 1BR/1BA1BR,1BA$1,035
The Enclave at the StadiumB12BR,2BA$1,042
Carriage House672 sq ft 1 bed1BR,1BA$1,050

Best Value Apartments for Rent in University, TX

As of February 18, 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 $1,501 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Allen PlaceSpacious Renovated 3/2 at Allen Place - Walk to...3BR,2BA$1.12
The Residence at CTMC1 Wrangler3BR,2BA$1.18
1325 Bagby Ave, Unit C1325 Bagby Ave2BR,2BA$1.27
University Edge WacoPlan B2BR,2BA$0.82
The Cove on 21stB2U2BR,2BA$1.44
The Enclave at the StadiumB12BR,2BA$1.30
Historic Lofts of Waco High1 Bedroom1BR,1BA$1.16
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.29
Prime Properties Waco1Bed-1Bath1BR,1BA$1.21
Carriage House672 sq ft 1 bed1BR,1BA$1.56

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
University, Waco, TX

Ranked #1

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
University, Waco, TX

School data provided by Great Schools

Frequently Asked Questions about University

What type of rentals are currently available in University?

There are currently 139 Apartments for Rent in University, TX with pricing that ranges from $499 to $4,758. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $700 to $3,600.

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 $700 to $3,600 with an average monthly rent of $1,798.

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 $659 to $4,758, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $499.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.