Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $700 (7 Rentals)

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

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.

Downtown Waco - One of the Best Affordable Neighborhoods in Waco

Named as one of the Best Affordable Neighborhoods to rent in Waco by our Local Expert for Texas, Rhonda R Fletcher. See how it ranks!

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 2 Beds apartment currently listed from $974. 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 StadiumB12BR,2BA$974
URSA2BR/2BA - Flat2BR,2BA$985

Best Value Apartments for Rent in Downtown Waco, TX

As of April 28, 2025 the best value apartment in the Downtown Waco area is the $1.20 price per square foot 2BR/2BA - Flat - Pool View Model at URSA in the in the Carver neighborhood starting from $1,065. The second greatest value Downtown Waco apartment is the B1F Model at Abbey Glenn Apartments starting at $1,400 with a $1.66 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.
URSA2BR/2BA - Flat - Pool View2BR,2BA$1.20
Abbey Glenn ApartmentsB1F2BR,1BA$1.66
222 Clay Court1 Bedroom Upstairs-with Porch1BR,1.5BA$1.78
101 Elm1 Bedroom 1 Bath1BR,1BA$1.78
Outpost at WacoA11BR,1BA$2.17
Carriage House672 sq ft 1 bed1BR,1BA$1.64
The BruinA1-R1BR,1BA$1.77
The Enclave at the StadiumA11BR,1BA$1.67
University Club ApartmentsOne Bedroom1BR,1BA$1.36
RIVERCRESTA11BR,1BA$1.95

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Frequently Asked Questions about Downtown Waco

What type of rentals are currently available in Downtown Waco?

There are currently 47 Apartments for Rent in Downtown Waco, TX with pricing that ranges from $599 to $2,900. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Waco ranging from $700 to $2,500.

What is the current price range for Rental Homes in Downtown Waco?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Waco ranges from $700 to $2,500 with an average monthly rent of $1,562.

How much are larger Three and Four Bedroom Rentals in Downtown Waco?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Waco range from $700 to $2,445, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,400. Four Bedroom Single-Family rentals are also available starting from $700 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.

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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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.