2400 Washington Ave
WacoTX76701
Cheap Apartments for Rent in the University Neighborhood of Waco, TX from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Waco.
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from $7501 to 3 Bedroom Apartments Available Now
Historic Lofts at Waco High
815 Columbus AveWaco, TX 76701
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from $9031 to 3 Bedroom Apartments Available Now
The Enclave at the Stadium
1600 S M.L.K. Jr BlvdWaco, TX 76704
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Rent Specials
from $1,1001 to 2 Bedroom Apartments Available Now
Carriage House
1923 Austin AveWaco, TX 76701
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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.
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Showing Results 1-25, Page 1 of 1
University, Waco, TX Local Guide
How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University 1 Bedroom Apartments | $1,491 | $725 | $3,245 |
| University 2 Bedroom Apartments | $1,589 | $770 | $3,430 |
| University 3 Bedroom Apartments | $1,530 | $700 | $3,237 |
| University 4 Bedroom Apartments | $1,081 | $690 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the University Neighborhood of Waco, TX.
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University, Waco, TX Local Guide
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Cheapest Available University Apartments for Rent
The cheapest available apartment rental in the University area of Waco, TX is a 1 Bed unit found at South Terrace priced from $658. Historic Lofts at Waco High has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable University apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South Terrace | 1x1 | 1BR,1BA | $658 |
| Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $750 |
| URSA | 3BR/4BA - with Den | 3BR,4BA | $799 |
| Waco Apartments | 1 Bed 1 Bath | 1BR,1BA | $800 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in University, TX
As of May 14, 2025 the best value apartment in the University area is the $1.19 price per square foot C1 Wrangler Model at The Residence at CTM in the in the Alta Vista neighborhood starting from $1,513. The second greatest value University apartment is the B2-R Model at The Bruin starting at $1,175 with a $1.20 price per square foot in the South End neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Residence at CTM | C1 Wrangler | 3BR,2BA | $1.19 |
| The Bruin | B2-R | 2BR,2.5BA | $1.20 |
| Roots at Waco | B2 | 2BR,2BA | $1.61 |
| URSA | 1BR/2BA - with Den | 1BR,2BA | $1.56 |
| Tuscany Ranch Apartments | 1 Bd 1 Bth w/ Fireplace | 1BR,1BA | $1.61 |
| The Cove on 21st | B1 | 2BR,2BA | $1.11 |
| Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $0.94 |
| Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.23 |
| South Terrace | 1x1 | 1BR,1BA | $1.07 |
| The Enclave at the Stadium | A1 | 1BR,1BA | $1.51 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleUniversity, Waco, TX
Ranked #1
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in University, Waco, TX
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Waco. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, transit availability, pet-friendly communities, apartment complexes for the kids, and much more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is South Terrace which is listed at $658, while the average apartment in University costs $1,549.
What types of apartments are the cheapest in University?
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 19 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $356 which is $1,193 cheaper than the average rent for all rentals in University.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.