Apartments for Rent in Waco, TX

Prices and availability in Waco, TX were last updated on 21 May 2026.

The best apartments in Waco, TX are: Garden Place, 2201 Creekview, The Residence at CTM, THE RESIDENCE AT CTM and 608 Preston Street.

The average rent in Waco, TX is $1,330.

The price range for a 1-bedroom apartment in Waco, TX is between $840 and $2,815.

The price range for a 2-bedroom apartment in Waco, TX is between $953 and $2,892.

The price range for a 3-bedroom apartment in Waco, TX is between $953 and $3,544.

In Waco 51% of the housing is rented out compared to 49% of homes are owned, according to the most recent Census Bureau estimates. 14% of Waco's apartments are found in large buildings of 50 units or more, 60% are located in smaller apartment complexes with less than 50 units, and 26% 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 35 years old, on average. Of these, 39% 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 3 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.

Rental apartments in Waco come in a range of sizes and floorplans. Studio apartments represent 0.7% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 42% of all rentals in Waco. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.