The average monthly rent of apartments in Waco, TX is $1,230.
The average monthly rent of apartments in Waco, TX is $1,230.
About 35% of apartment rents in Waco, TX range between $701-$1,000. Meanwhile, apartments priced over $1,001-$1,500 represent 38% of apartments. Around 6% of Waco’s apartments are in the $501-$700 price range. 1% of apartments are priced between < $500.
Compared to the national average rent of $1,706, the average rent in Waco, TX is $1,230.
Prices and availability in Waco, TX were last updated on 3 Oct 2022.
The average rent in Waco, TX is $1,230. Start your search for apartments in Waco, TX now.
The price range for a studio apartment in Waco, TX is between $801 and $1,782. View all studio apartments in Waco, TX.
The price range for a 1-bedroom apartment in Waco, TX is between $801 and $2,163. Browse all available 1-bedroom apartments in Waco, TX now.
The price range for a 2-bedroom apartment in Waco, TX is between $1,006 and $3,315. Browse and find a 2-bedroom apartment in Waco, TX.
The price range for a 3-bedroom apartment in Waco, TX is between $1,100 and $2,431. Browse all available 3-bedroom apartments in Waco, TX.
In Waco 53% of the housing is rented out compared to 47% of homes are owned, according to the most recent Census Bureau estimates. 11% of Waco’s apartments are found in large buildings of 50 units or more, 58% are located in smaller apartment complexes with less than 50 units, and 31% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Waco are about 34 years old, on average. Of these, 35% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About 98% of the rental communities here are low-rise, garden-style communities, 2% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Waco are around 0.7% of rentals, while 1-bedroom floor plans represent 40% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located halfway between Dallas and Austin via Interstate 35, Waco is a small Texas town that became famous for the television series “Fixer Upper”, a renovation show that started in the area. Waco is a growing community with an old-school Texas Charm vibe. The weather in Waco is humid subtropical, with muggy, hot summers and brief winters that don’t get very cold. Located in McLennon County, the area is solidly suburban and has an above-average school system that includes Baylor University, which is located there. Waco is also a great renting spot for nature lovers, as people living here have access to many beautiful parks such as Woodway Park along Lake Waco, Cameron Park and Kendrick Park.
Despite gaining its reputation as a renovation haven, Waco’s population includes more renters than homeowners. Apartments dwellers in Waco enjoy having access to affordable two- and three-bedroom rental units as well as an abundance of amenities that appeal to young professionals, like pools, fitness centers, dog parks and tennis courts. Some of the best places to rent in Waco are situated on Austin Avenue, in Brook Oaks and in downtown Waco, a very walkable area where loft-style apartments in particular are in high demand. Downtown Waco attracts a younger crowd of renters due to its busy social scene and a community vibe that is inclusive and friendly.
Waco, TX has a population of 137,779 according to the most recent data from the U.S. Census Bureau. 71,052 of Waco’s residents are women and 66,727 are men. The median age of those who live in Waco, TX is 28.9.
One of the biggest shopping attractions that Waco has to offer is the Magnolia Market at the Silos, which takes up two city blocks in the downtown area. Tourists and renters love to go there to buy baked goods, shop six boutiques and eat at Magnolia Table, a sit-down restaurant. Other shopping options in Waco include the Shops at River Square right along the Bosque River, the Richland Mall for indoor shopping and the Brazos Place Shopping Center. For grocery shopping, renters have access to H-E-B, Target, Aldi and a Walmart Supercenter.
According to U.S. Census data, there are 50,108 households in Waco, TX. 29,014 are family households and 21,094 are non-family households. There are 15,833 households with children in Waco and 34,275 households without children. On average, about 2.58 people live in a household in Waco, TX.
Waco is mostly car-dependent and doesn’t have too many bike lanes. In order to get around Waco without a car, renters use the Waco Transit System, which is a fixed route bus system that goes all over town. Baylor University students and staff have access to a bus system called the Baylor University Shuttle (BUS). Waco is also served by an Amtrak train that has a stop at a station on 8th Street, about one mile from the downtown area. In addition, the Waco Lake Hike and Bike Trail is very popular with cycling enthusiasts. Local taxis and ridesharing services like Uber and Lyft are also available in the area for renters who prefer getting around more easily. For air travel, the nearby Waco Regional Airport operates quick daily flights to the Dallas/Fort Worth International Airport. From there, travelers can reach any destination in the U.S. and around the world.
The level of education of the population of Waco, TX is as follows: 6% have no high school education, 39% completed some high school, 24% partially completed college, 8% have an Associate Degree, 15% have a Bachelor Degree, and 8% have a Graduate Degree.
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