1311 S 5th St
WacoTX76706
Cheap Homes for Rent in Downtown Waco Neighborhood of Waco, TX from $700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Waco area of Waco.
718 Rusk St
WacoTX76704
1008 Pecan Ave
WacoTX76704
Downtown 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!
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Downtown Waco, Waco, TX Local Guide
How much does it cost to rent a home in Downtown Waco?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Waco 2 Bedroom Homes for Rent | $1,366 | $1,250 | $1,500 |
| Downtown Waco 3 Bedroom Homes for Rent | $1,884 | $1,495 | $2,500 |
| Downtown Waco 4 Bedroom Homes for Rent | $1,550 | $700 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the Downtown Waco Neighborhood of Waco, TX.
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Downtown Waco, Waco, TX Local Guide
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Best Value Apartments for Rent in Downtown Waco, TX
As of April 08, 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 2BR/2BA - Flat - Pool View Model at URSA starting at $1,065 with a $1.20 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 |
| URSA | 2BR/2BA - Flat - Pool View | 2BR,2BA | $1.20 |
| Abbey Glenn Apartments | B1F | 2BR,1BA | $1.66 |
| 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 Bruin | A1-R | 1BR,1BA | $1.77 |
| The Enclave at the Stadium | A1 | 1BR,1BA | $1.59 |
| University Club Apartments | One Bedroom | 1BR,1BA | $1.36 |
| RIVERCREST | A1 | 1BR,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 $625 to $2,900. There are also 14 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 $1,600.
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 $2,870, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,500. 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.
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.
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.
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.
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.