Waco, TX Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Waco is $1,351, a 0.9% decrease compared to the previous year, when the average rent was $1,364.
Studio Apartments at $961 offer the most budget-friendly option with 499 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 653 square feet for $1,080, balancing privacy and affordability.
Two-beedroom units at $1,342 offer 938 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,150 sq ft) for $1,505, suitable for larger households.
Average rent in Waco, TX
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,351 | 877 sq. ft. |
| Studio | $961 | 499 sq. ft. |
| 1 Bed | $1,080 | 653 sq. ft. |
| 2 Beds | $1,342 | 938 sq. ft. |
| 3 Beds | $1,505 | 1,150 sq. ft. |
Waco, TX rent trends
Rental prices in Waco, TX have decreased by 0.9% over the past year. The average rent moved from $1,364 to $1,351.
What's the typical rent budget in Waco, TX?
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.
Do most people rent or own in Waco, TX?
27,067 or 51% of the households in Waco, TX are renter-occupied while 25,913 or 49% are owner-occupied.
Most affordable neighborhoods in Waco?
Bellmead $880/month
Carver $925/month
Lacy-Lakeview $1,043/month
All of these neighborhoods fall below the city wide average of $1,351/month.Most expensive neighborhoods in Waco?
Brazos $1,623/month
Baylor $1,646/month
Oakwood $2,268/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Waco, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Oakwood | $2,268 |
| Baylor | $1,646 |
| Brazos | $1,623 |
| Kendrick | $1,499 |
| Alta Vista | $1,283 |
| Landon Branch | $1,168 |
| Richland Hills | $1,050 |
| Lacy-Lakeview | $1,043 |
| Carver | $925 |
| Bellmead | $880 |
/
Waco | Rent Comparison by Neighborhood
Rent in Alta Vista is 22% lower than in Baylor
$1,283
Alta Vista rent is 5% lower than Waco average
Average Rent
$1,283
$1,646
Baylor rent is 22% higher than Waco average
Average Rent
$1,646
How Waco Compares to Other Cities
| City | Average Rent |
|---|---|
| Waco | $1,351 |
| Houston | $1,355 |
| Dallas | $1,584 |
| San Antonio | $1,274 |
| Austin | $1,654 |
| Fort Worth | $1,440 |
| Irving | $1,495 |
| Killeen | $1,088 |
| El Paso | $1,099 |
| Plano | $1,686 |
| Arlington | $1,348 |
| Temple | $1,151 |
| Belton, TX | $1,328 |
| Harker Heights, TX | $1,114 |
| Woodway, TX | $1,210 |
| Hewitt, TX | $1,396 |
| Gatesville, TX | $703 |
| Bellmead, TX | $880 |
| Hillsboro, TX | $1,059 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Waco apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.