Cheap Apartments for Rent in the Downtown Waco Neighborhood of Waco, TX from $500 (17 Rentals)

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

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The Commodores
1 Bedroom Apartments

The Commodores

1326 S 11th StWaco, TX 76706
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815 Columbus Ave
1 to 3 Bedroom Apartments

815 Columbus Ave

815 Columbus AveWaco, TX 76701
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Behrens Lofts
1 to 3 Bedroom Apartments

Behrens Lofts

219 S 4thWaco, TX 76701
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The Madison
1 to 2 Bedroom Apartments

The Madison

1307 Austin AveWaco, TX 76701
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The Belmont Lofts
2 Bedroom Apartments

The Belmont Lofts

625 S 5th StWaco, TX 76706
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Downtown Waco, Waco, TX Local Guide

Cheapest Available Downtown Waco Apartments for Rent

 

The cheapest available apartment rental in the Downtown Waco area of Waco, TX is a 1 Bed unit found at University Club Apartments priced from $799. The Enclave at the Stadium has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here are the most affordable Downtown Waco apartments for rent in Waco, TX:

Apartment ListingModel NameBed/BathPriced From
University Club ApartmentsOne Bedroom1BR,1BA$799
The Enclave at the StadiumA11BR,1BA$919
URSA2BR/2BA - Flat2BR,2BA$985
Tinsley PlaceUnion 1BR/1BA1BR,1BA$1,029
RIVERCRESTA11BR,1BA$1,075

Best Value Apartments for Rent in Downtown Waco, TX

As of February 28, 2025 the best value apartment in the Downtown Waco area is the $1.28 price per square foot 3/2.5 Model at The Centre in the in the Carver neighborhood starting from $1,549. The second greatest value Downtown Waco apartment is the Three Bedroom/ 1.5 Bathroom Model at Summit at the Villages at Waco starting at $1,357 with a $1.36 price per square foot in the Carver neighborhood. Here is today’s list of the best values for Downtown Waco apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Centre3/2.53BR,2.5BA$1.28
Summit at the Villages at WacoThree Bedroom/ 1.5 Bathroom3BR,1BA$1.36
The BruinB12BR,2BA$1.30
URSA2BR/2BA - Flat - Pool View2BR,2BA$1.20
222 Clay Court1 Bedroom Upstairs-with Porch1BR,1.5BA$1.78
101 Elm1 Bedroom 1 Bath1BR,1BA$1.78
Carriage House672 sq ft 1 bed1BR,1BA$1.64
The Enclave at the StadiumA11BR,1BA$1.53
University Club ApartmentsOne Bedroom1BR,1BA$1.36
RIVERCRESTA11BR,1BA$1.95

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Pet Friendly Lifestyle
Downtown Waco, Waco, TX

Ranked #3

Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Downtown Waco Neighborhood in Waco, TX

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Downtown Waco Apartments

How much is rent for a Cheap One Bedroom Downtown Waco Apartment?

The lowest price for a Cheap One Bedroom Downtown Waco Apartment is $799 at University Club Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Waco is starting from $849 at University Club Apartments.

What is the most affordable Downtown Waco Three Bedroom Apartment?

The best deal on a cheap Downtown Waco Three Bedroom Apartment rental is at University Club Apartments and starts from $949.

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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.