608 N 30th St
WacoTX76707
Cheap Homes for Rent in University Neighborhood of Waco, TX from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Waco.
1214 Baylor Ave
WacoTX76706
1421 S 12th St
WacoTX76706
3821 Hay Ave
WacoTX76711
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$9252 Bedroom Apartments Available Now
2601 Fort Ave, Unit 3
2601 Fort AveWaco, TX 76707
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.
1312 S 30th St
WacoTX76711
2005 S 8th
WacoTX76706
1716 Ethel Ave
WacoTX76707
1226 Baylor Ave
WacoTX76706
2700 W Waco Dr
WacoTX76710
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.
1714 Ethel Ave
WacoTX76707
1226 Baylor Ave, Unit 121
1226 Baylor Ave
WacoTX76706
2324 Sanger Ave
WacoTX76707
3824 Rolando Ave
WacoTX76711
700 S 24th St
WacoTX76706
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.
1915 S 10th St
WacoTX76706
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University, Waco, TX Local Guide
How much does it cost to rent a home in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University 2 Bedroom Homes for Rent | $1,302 | $875 | $2,550 |
| University 3 Bedroom Homes for Rent | $1,801 | $1,395 | $2,500 |
| University 4 Bedroom Homes for Rent | $2,111 | $1,549 | $3,895 |
| University 5 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
| University 6 Bedroom Homes for Rent | $5,550 | $5,550 | $5,550 |
| University 7 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 16 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
- 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 | ONE LEFT | 4BR,2BA | $699 |
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| The Cove on 21st | A1 | 1BR,1BA | $918 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $941 |
Best Value Apartments for Rent in University, TX
As of July 04, 2026 the best value apartment in the University area is the $1.41 price per square foot Townhome Model at Columbus Heights in the in the Downtown Waco neighborhood starting from $1,613. The second greatest value University apartment is the C1 Model at Elevate starting at $669 with a $0.61 price per square foot in the Carver 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. |
|---|---|---|---|
| Columbus Heights | Townhome | 2BR,2.5BA | $1.41 |
| Elevate | C1 | 3BR,3BA | $0.61 |
| The Bruin | B3-R | 2BR,2.5BA | $1.17 |
| Brookview Hills | 2 Bedroom, 1 Bathroom Townhome | 2BR,1BA | $1.21 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| Waco Apartments | WAITLIST ONLY- 3 bedroom Tranquil Garden Style-... | 3BR,1BA | $1.11 |
| Historic Lofts of Waco High | 1 Bedroom | 1BR,1BA | $1.19 |
| RIVERCREST | A3 | 1BR,1BA | $1.60 |
| Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.56 |
| The Cove on 21st | A1 | 1BR,1BA | $1.55 |
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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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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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
4.0Pet Friendly
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 135 Apartments for Rent in University, TX with pricing that ranges from $414 to $4,906. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $650 to $5,550.
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 $650 to $5,550 with an average monthly rent of $2,663.
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 $568 to $4,906, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,549 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
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.