Cheap Apartments for Rent in Waco, TX from $300 (72 Rentals)

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

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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Red Oak Townhomes
2 to 3 Bedroom Apartments

Red Oak Townhomes

4510 S 3rd St RdWaco, TX 76706
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The Commodores
1 Bedroom Apartments

The Commodores

1326 S 11th StWaco, TX 76706
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1400 Woodbine St
1 Bedroom Apartments

1400 Woodbine St

1400 Woodbine StWaco, TX 76705
  • Utilities Included
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CarMel
1 Bedroom Apartments

CarMel

3638 W Waco DrWaco, TX 76710
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St. James Place
2 Bedroom Apartments

St. James Place

1226 James AveWaco, TX 76706
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Showing Results 1-50, Page 1 of 2

Waco, TX Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Waco, TX

Pricing Updated: 03/25/2025

Current apartment rentals in the Waco, TX area range in price from $600 to $3,835 with an overall median price of $1,688. The three Waco neighborhoods with the lowest median rent pricing are Parkdale at $769, Landon Branch at $600, and Brook-Oaks at $600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Waco Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Parkdale$1,444$7692124
Landon Branch$1,604$6006175
Brook-Oaks$1,625$6008445
Carver$1,650$6008638
Heart of Texas$1,655$6002694
West Waco$1,666$7692411
South End$1,679$6908718
Brookview$1,680$6756340
Downtown Waco$1,680$6908866
East Riverside$1,680$6758881

Cheapest Available Waco Apartments for Rent

 

The cheapest available apartment rental in Waco, TX is a Studio unit found at Eagle Crest Apartments in the Carver neighborhood priced from $639. The Meadows Apartments in the Carver neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Waco apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Crest ApartmentsEfficiency/StudioStudio,1BA$639
The Meadows ApartmentsOne Bedroom1BR,1BA$795
University Club ApartmentsOne Bedroom1BR,1BA$799
Saddle Brook ApartmentsAbby1BR,1BA$799
Heritage SquareA1BR,1BA$808
The Cove on 21stA11BR,1BA$825
The EdmondThe Brazos1BR,1BA$855
The Colony ApartmentsUnit AStudio,1BA$865
Sandstone1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$888

Best Value Apartments for Rent in Waco, TX

As of March 25, 2025 the best value apartment in the Waco area is the $1.23 price per square foot C1 Wrangler Model at The Residence at CTM in the in the Alta Vista neighborhood starting from $1,564. The second greatest value Waco apartment is the 3/2.5 Model at The Centre starting at $1,549 with a $1.28 price per square foot in the Carver neighborhood. Here is today’s list of the best values for Waco apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Residence at CTMC1 Wrangler3BR,2BA$1.23
The Centre3/2.53BR,2.5BA$1.28
URSA2BR/2BA - Flat - Pool View2BR,2BA$1.20
Legacy Ridge1x11BR,1BA$1.05
Brookside1 Bedroom1BR,1BA$1.25
Brookview Hills1 Bedroom, 1 Bathroom1BR,1BA$1.23
19Eleven1 Bedroom 1 Bath1BR,1BA$1.44
The EdmondThe Brazos1BR,1BA$1.26
The Meadows ApartmentsOne Bedroom1BR,1BA$1.24
University Club ApartmentsOne Bedroom1BR,1BA$1.36

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Waco Overview

Waco, Texas is known as the state’s heartland—and with good reason. It’s a populous area and a great central location with over 81% of the state’s residents living within a 200-mile radius. Located in McLennan County, the city offers an array of outdoor sports and recreational activities, a lively arts scene, and great historic sites like the Texas Sports Hall of Fame. With many options for great apartmens in Waco available to locals, finding your new home here is a cinch!

Why live in Waco, TX?

Warm and inviting, Waco is emblematic of the Texas heartland. Outdoor enthusiasts enjoy everything from hiking to fishing, and the area’s flourishing arts scene includes the historic Hippodrome Theatre. The equally historic River Square Center is a charming alternative to traditional shopping centers, which you’ll also find in equal abundance in town. Waco has grown in diversity, and it’s a prime spot for growing families and those seeking an authentic Texas experience.

Pet Friendly Lifestyle
Waco, TX

Ranked #74

Among cities in Texas for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Waco, TX Rentals by Map

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See the most popular apartments and homes in Waco, TX

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Getting Around Waco, TX

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 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 Waco Apartments

What is a cheap apartment in Waco?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waco is under $888.

What is the price of a cheap apartment in Waco?

The cheapest apartment in Waco is Eagle Crest Apartments which is listed at $759, while the average apartment in Waco costs $1,688.

What types of apartments are the cheapest in Waco?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23,746 regular apartments in Waco that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Waco?

Cheap apartments in Waco have an average cost of $385 which is $1,303 cheaper than the average rent for all rentals in Waco.

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.

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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.

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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.