Cheap Apartments for Rent in Lorena, TX from $600 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lorena.

Waco's Best Affordable Neighborhoods

Learn about Waco and the best places to live with original content written by our Texas Local Expert Rhonda R Fletcher

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Circle @ 1800
3 to 4 Bedroom Apartments

Circle @ 1800

1800 Primrose DrWaco, TX 76706
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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
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South Terrace
1 Bedroom Apartments

South Terrace

2616 S 12th StWaco, TX 76706
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Lorena, TX Local Guide

Cheapest Available Lorena Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lorena, TX is a 1 Bed unit found at South Terrace in the South End neighborhood priced from $658. Saddle Brook Apartments in the Parkdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Lorena apartments for rent:

Apartment ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
Saddle Brook ApartmentsAbby1BR,1BA$799
Sandstone1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$854
The EdmondThe Brazos1BR,1BA$855
The Colony ApartmentsUnit AStudio,1BA$865

Best Value Apartments for Rent in Lorena, TX and Nearby

As of April 12, 2025 the best value apartment in the Lorena area is the $1.48 price per square foot Renovated 3 Bedroom, 2.5 Bathroom Model at Flats on Chapel Apartments in the in the West Waco neighborhood starting from $1,974. The second greatest value Lorena apartment is the C1 Wrangler Model at The Residence at CTM starting at $1,454 with a $1.14 price per square foot in the Alta Vista neighborhood. Here is today’s list of the best values for Lorena apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Flats on Chapel ApartmentsRenovated 3 Bedroom, 2.5 Bathroom3BR,2.5BA$1.48
The Residence at CTMC1 Wrangler3BR,2BA$1.14
MeadowParkTownhome2BR,2.5BA$1.14
Legacy Ridge1x11BR,1BA$1.05
Waco Apartments2 Bed 1 Bath2BR,1BA$1.10
The Cove on 21stB1R2BR,2BA$1.23
Brookside1 Bedroom1BR,1BA$1.25
19Eleven1 Bedroom 1 Bath1BR,1BA$1.44
The EdmondThe Brazos1BR,1BA$1.26
South Terrace1x11BR,1BA$1.07

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Best Local Schools in
Lorena, TX

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Getting Around Lorena, TX

Walk Score®

10 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lorena Apartments

How much is rent for a Cheap One Bedroom Lorena Apartment?

The lowest price for a Cheap One Bedroom Lorena Apartment is $658 at South Terrace.

What is the lowest price for a Cheap Two Bedroom Lorena Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lorena is starting from $925 at Waco Apartments.

What is the most affordable Lorena Three Bedroom Apartment?

The best deal on a cheap Lorena Three Bedroom Apartment rental is at Heritage Square and starts from $1,209.

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.

decorative image for A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.