Cheap Apartments for Rent in the Richland Hills Neighborhood of Waco, TX from $500 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Richland Hills area of Waco.

Sunrise Pointe
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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

812 N 62nd St
Richland Hills, Waco, TX Local Guide

How much does it cost to rent an apartment in Richland Hills?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Richland Hills Studio Apartments | $1,935 | $1,935 | $1,935 |
Richland Hills 1 Bedroom Apartments | $1,388 | $795 | $2,461 |
Richland Hills 2 Bedroom Apartments | $1,458 | $995 | $2,923 |
Richland Hills 3 Bedroom Apartments | $2,004 | $1,350 | $3,237 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Richland Hills Neighborhood of Waco, TX.
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Richland Hills, Waco, TX Local Guide
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Cheapest Available Richland Hills Apartments for Rent
 The cheapest available apartment rental in the Richland Hills area of Waco, TX is a 1 Bed unit found at Sandstone priced from $861. Avila has the second lowest priced unit, which is a 1 Bed apartment currently listed from $866. Here are the most affordable Richland Hills apartments for rent in Waco, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Sandstone | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $861 |
Avila | 1 Bed, 1 Bath | 1BR,1BA | $866 |
Legacy Ridge | 1x1 | 1BR,1BA | $895 |
Best Value Apartments for Rent in Richland Hills, TX
As of May 19, 2025 the best value apartment in the Richland Hills area is the $0.87 price per square foot The Ranger Model at The Edmond in the in the Parkdale neighborhood starting from $1,394. The second greatest value Richland Hills apartment is the B1 Stetson Model at The Residence at CTM starting at $1,294 with a $1.19 price per square foot in the Alta Vista neighborhood. Here is today’s list of the best values for Richland Hills apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Edmond | The Ranger | 3BR,3BA | $0.87 |
The Residence at CTM | B1 Stetson | 2BR,2BA | $1.19 |
Tuscany Ranch Apartments | 1 Bd 1 Bth w/ Fireplace | 1BR,1BA | $1.61 |
Legacy Ridge | 1x1 | 1BR,1BA | $1.05 |
The Midway | 1x1 | 1BR,1BA | $1.50 |
Three 44 Apartments | A1 | 1BR,1BA | $1.58 |
Sandstone | 1 Bed, 1 Bath | 1BR,1BA | $1.72 |
Azur | 1 Bed, 1 Bath | 1BR,1BA | $1.73 |
Avila | 1 Bed, 1 Bath (60% Income Restricted) | 1BR,1BA | $1.74 |
Tribeca | One Bedroom | 1BR,1BA | $1.68 |
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 LifestyleRichland Hills, Waco, TX
Ranked #14
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Richland Hills Apartments
What is the price of a cheap apartment in Richland Hills?
The cheapest apartment in Richland Hills is Sandstone which is listed at $861, while the average apartment in Richland Hills costs $1,935.
What types of apartments are the cheapest in Richland Hills?
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 17 regular apartments in Richland Hills 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 Richland Hills?
Cheap apartments in Richland Hills have an average cost of $620 which is $1,315 cheaper than the average rent for all rentals in Richland Hills.
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.

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