Cheap Homes for Rent in Lorena, TX from $400 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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

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 Avila in the Parkdale neighborhood priced from $793. 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
Avila1 Bed, 1 Bath1BR,1BA$793
Saddle Brook ApartmentsAbby1BR,1BA$799
Heritage SquareA1BR,1BA$819

Best Value Apartments for Rent in Lorena, TX and Nearby

As of April 22, 2025 the best value apartment in the Lorena area is the $0.87 price per square foot The Ranger Model at The Edmond in the in the Parkdale neighborhood starting from $1,394. 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.
The EdmondThe Ranger3BR,3BA$0.87
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 21stB2U2BR,2BA$1.41
The Retreat at CTMMason (A1)1BR,1BA$1.53
Brookside1 Bedroom1BR,1BA$1.25
19Eleven1 Bedroom 1 Bath1BR,1BA$1.44
The Midway1x11BR,1BA$1.50

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lorena

What type of rentals are currently available in Lorena?

There are currently 40 Apartments for Rent in Lorena, TX with pricing that ranges from $690 to $3,300. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lorena ranging from $450 to $3,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lorena ranges from $450 to $3,200 with an average monthly rent of $1,497.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lorena range from $700 to $3,283, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,195 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.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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 Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.