
Cheap Apartments for Rent in the University Neighborhood of Waco, TX from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Waco.


Historic Lofts at Waco High

618 N 16th St

The Enclave at the Stadium
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.

Carriage House

1214 Baylor Ave
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 | $1,401 | $675 | $2,875 |
University 2 Bedroom Apartments | $1,574 | $770 | $3,360 |
University 3 Bedroom Apartments | $1,612 | $700 | $3,283 |
University 4 Bedroom Apartments | $1,550 | $690 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 31 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 Avila priced from $793. Brookview Hills has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable University apartments for rent in Waco, TX:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Avila | 1 Bed, 1 Bath | 1BR,1BA | $793 |
Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $900 |
The Cove on 21st | B1 | 2BR,2BA | $925 |
The Enclave at the Stadium | B1 | 2BR,2BA | $974 |
Tinsley Place | Union 1BR/1BA | 1BR,1BA | $1,062 |
The Bruin | A1-R | 1BR,1BA | $1,075 |
RIVERCREST | A1 | 1BR,1BA | $1,075 |
Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1,100 |
Roots at Waco | A1 | 1BR,1BA | $1,227 |
Tuscany Ranch Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,249 |
Best Value Apartments for Rent in University, TX
As of April 27, 2025 the best value apartment in the University area is the $1.14 price per square foot C1 Wrangler Model at The Residence at CTM in the in the Alta Vista neighborhood starting from $1,454. The second greatest value University apartment is the B1 Model at Station at Cottonwood Creek starting at $1,820 with a $1.71 price per square foot in the Alta Vista 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 | $1.14 |
Station at Cottonwood Creek | B1 | 2BR,2BA | $1.71 |
Tuscany Ranch Apartments | 1 Bd 1 Bth w/ Fireplace | 1BR,1BA | $1.61 |
Abbey Glenn Apartments | B1F | 2BR,1BA | $1.66 |
The Cove on 21st | B2U | 2BR,2BA | $1.41 |
Brookview Hills | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.23 |
Carriage House | 672 sq ft 1 bed | 1BR,1BA | $1.64 |
The Bruin | A1-R | 1BR,1BA | $1.77 |
Avila | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $1.53 |
The Enclave at the Stadium | A1 | 1BR,1BA | $1.67 |
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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 Avila which is listed at $793, while the average apartment in University costs $1,849.
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 13 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 $198 which is $1,651 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.

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.

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.

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.