
Cheap Apartments for Rent in the Downtown Waco Neighborhood of Waco, TX from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Waco area of Waco.


Brazos Park Apartments

University Club Apartments

The Enclave at the Stadium

Carriage House

0000 Austin Ave

718 Rusk St
Downtown Waco, Waco, TX Local Guide

How much does it cost to rent an apartment in Downtown Waco?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Waco Studio Apartments | $1,533 | $1,415 | $1,635 |
Downtown Waco 1 Bedroom Apartments | $1,600 | $750 | $2,915 |
Downtown Waco 2 Bedroom Apartments | $1,621 | $770 | $3,835 |
Downtown Waco 3 Bedroom Apartments | $1,397 | $700 | $2,806 |
Downtown Waco 4 Bedroom Apartments | $1,053 | $690 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
See all Apartments in WacoExplore Waco
Downtown Waco, Waco, TX Local Guide
- Nearby Waco neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
University Club Apartments | One Bedroom | 1BR,1BA | $799 |
The Enclave at the Stadium | A1 | 1BR,1BA | $919 |
URSA | 2BR/2BA - Flat | 2BR,2BA | $985 |
Tinsley Place | Union 1BR/1BA | 1BR,1BA | $1,029 |
RIVERCREST | A1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Centre | 3/2.5 | 3BR,2.5BA | $1.28 |
Summit at the Villages at Waco | Three Bedroom/ 1.5 Bathroom | 3BR,1BA | $1.36 |
The Bruin | B1 | 2BR,2BA | $1.30 |
URSA | 2BR/2BA - Flat - Pool View | 2BR,2BA | $1.20 |
222 Clay Court | 1 Bedroom Upstairs-with Porch | 1BR,1.5BA | $1.78 |
101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
The Enclave at the Stadium | A1 | 1BR,1BA | $1.53 |
University Club Apartments | One Bedroom | 1BR,1BA | $1.36 |
RIVERCREST | A1 | 1BR,1BA | $1.95 |
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.
Pet Friendly LifestyleDowntown Waco, Waco, TX
Ranked #3
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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
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 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.

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.

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.

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.

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.