The average monthly rent of apartments in Waco, TX is $1,351.
Apartments for Rent in Waco, TX
Rental prices in Waco, TX have decreased by 0.9% over the past year. The average rent moved from $1,364 to $1,351.
Compared to the national average rent of $1,743, the average rent in Waco, TX is $1,351.
The average monthly rent of apartments in Waco, TX is $1,351.
About 20% of apartment rents in Waco, TX range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 4% of apartments. Around 42% of Waco’s apartments are in the $1,001-$1,500 price range. 28% of apartments are priced ≤ $1000. A share of 3% of apartment rentals in Waco are in the $2,501-$3,000 range. There are 2% of apartment rentals in Waco in the > $3,000 range.
The largest share of rentals in Waco, TX (42%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Waco, TX were last updated on 21 Nov 2025.
The best apartments in Waco, TX are: Garden Place, Tuscany Ranch Apartments, Bend at New Road, Abbey Glenn Apartments and Barrons.
The average rent in Waco, TX is $1,330.
The price range for a 1-bedroom apartment in Waco, TX is between $934 and $2,266.
The price range for a 2-bedroom apartment in Waco, TX is between $1,134 and $2,803.
The price range for a 3-bedroom apartment in Waco, TX is between $1,082 and $3,341.
In Waco 51% of the housing is rented out compared to 49% of homes are owned, according to the most recent Census Bureau estimates. 13% 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 27% are single-family rentals.
The average age of rental buildings in Waco is 35 years old, with 39% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 98% are garden-style apartment communities, 2% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
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.
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.
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.
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