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cheap apartments
Last updated August 19 2019 at 11:07 AM

9 Cheap Apartments for rent in Waco, TX

Verified
Last updated August 20 at 06:59am
Lacy-Lakeview
6 Units Available
Meadows
4300 Meyers Ln, Waco, TX
1 Bedroom
$510
640 sqft
2 Bedrooms
$680
750 sqft
Just off I-35 in Waco in the Connally School District. Units feature carpeting, separate dining rooms, window coverings, ceiling fans, air conditioning and linen closets.
Last updated August 19 at 11:13am
Heart of Texas
1 Unit Available
3701 SLEEPER AVENUE 6
3701 Sleeper Avenue, Waco, TX
1 Bedroom
$600
530 sqft
SHARON APARTMENTS - 1BR/1BA - Property Id: 132492 1 BEDROOM, 1 BATHROOM APARTMENT LOCATED AT SHARON APARTMENTS IN NORTH WACO. Apply at TurboTenant: http://turbo.rent/s/132492p Property Id 132492 No Pets Allowed (RLNE5013763)
Last updated August 19 at 07:23am
Brookview
1 Unit Available
3825 W Waco Dr Ste 2
3825 Us Route 84, Waco, TX
2 Bedrooms
$550
1 sqft
COMMERCIAL PROPERTY FOR LEASE!! 2 bedroom office suite available!! Perfect for massage therapists, estheticians, or any other small businesses! 1 room measures 13x14 and the other room measures 14x14.5.
Last updated August 20 at 08:17am
Brookview
1 Unit Available
3404 W. Brookview Dr. - 426
3404 W Brookview Dr, Waco, TX
1 Bedroom
$570
730 sqft
Shade trees galore in this gated apartment complex. Close to shopping and schools. Call for rent specials.
Last updated August 20 at 08:17am
Brookview
1 Unit Available
3436 W. Brookview Dr. - 536
3436 W Brookview Dr, Waco, TX
1 Bedroom
$570
730 sqft
Shade trees galore in this gated apartment complex. Close to shopping and schools. Call for rent specials.
Last updated August 20 at 08:17am
Brookview
1 Unit Available
3406 W. Brookview Dr. - 432
3406 W Brookview Dr, Waco, TX
1 Bedroom
$570
730 sqft
Shade trees galore in this gated apartment complex. Close to shopping and schools. Call for rent specials.
Results within 1 mile of Waco
Last updated August 19 at 11:13am
1 Unit Available
700 Buster Chatham Rd. #36
700 Buster Chatham Road, McLennan County, TX
1 Bedroom
$550
2 Bedrooms
Ask
1 Bedroom in a gated community - This 1 bedroom has the water paid and it ready to move in. Call Today for a viewing. (RLNE4521527)

August 2019 Waco Rent Report

Welcome to the August 2019 Waco Rent Report. Waco rents declined over the past month. In this report, we'll evaluate trends in the Waco rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

August 2019 Waco Rent Report

Welcome to the August 2019 Waco Rent Report. Waco rents declined over the past month. In this report, we'll evaluate trends in the Waco rental market, including comparisons to cities throughout the state and nation.

Waco rent trends were flat over the past month

Waco rents have declined 0.1% over the past month, but have increased slightly by 1.2% in comparison to the same time last year. Currently, median rents in Waco stand at $627 for a one-bedroom apartment and $825 for a two-bedroom. Waco's year-over-year rent growth lags the state and national averages, which both stand at 1.6%.

    Rents rising across cities in Texas

    Throughout the past year, rent increases have been occurring not just in the city of Waco, but across the entire state. Of the largest 10 cities that we have data for in Texas, all of them have seen prices rise. The state as a whole logged rent growth of 1.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,461; of the 10 largest Texas cities that we have data for, all have seen rents rise year-over-year, with Austin experiencing the fastest growth (+3.3%).
    • Arlington, San Antonio, and Corpus Christi have all experienced year-over-year growth above the state average (2.9%, 2.5%, and 2.1%, respectively).

    Waco rents more affordable than many large cities nationwide

    As rents have increased slightly in Waco, a few large cities nationwide have also seen rents grow modestly. Waco is still more affordable than most large cities across the country.

    • Waco's median two-bedroom rent of $825 is below the national average of $1,191. Nationwide, rents have grown by 1.6% over the past year compared to the 1.2% increase in Waco.
    • While Waco's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), New York (+1.8%), and DC (+1.7%).
    • Renters will find more reasonable prices in Waco than most large cities. For example, San Francisco has a median 2BR rent of $3,126, which is more than three-and-a-half times the price in Waco.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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