Waco, TX Rental Market Trends
What is the average rent in Waco?
The average rent for an apartment in Waco is $1,171. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Waco, TX
| Average Rent | Average Apartment Size |
|---|---|
| $1,171 | 871 sq. ft. |
What is the average apartment size in Waco?
The average size for a Waco, TX apartment is 871 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Waco, TX Apartment Rent Ranges
Waco, TX Occupied Housing Units
21,094 or 42% of the households in Waco, TX are renter-occupied while 29,014 or 57% are owner-occupied.
Waco, TX Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Waco, TX | $952 | $969 | $972 | $977 | $987 | $1,004 | $1,025 | $1,019 | $1,081 | $1,132 | $1,171 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Waco, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sanger-Heights | $1,605 |
| Alta Vista | $1,506 |
| Baylor | $1,506 |
| Oakwood | $1,506 |
| Robinson | $1,506 |
| Brazos | $1,506 |
| University | $1,483 |
| Beverly Hills | $1,385 |
| Kendrick | $984 |
| Bellmead | $930 |
| Chalk Bluff | $930 |
| Gholson | $930 |
| Hallsburg | $930 |
| Lacy-Lakeview | $930 |
| Rogers Hill | $930 |
| Technology Village | $930 |
| Timbercrest | $930 |
| Carver | $909 |
| Austin Ave | $892 |
| Brook Oaks | $883 |
| Dean Highland | $883 |
| Brookview-Heart of Texas | $873 |
| Mountainview | $863 |
| Richland Hills | $863 |
| Ridgewood Country Club | $863 |
| East Riverside | $861 |
| Landon Branch | $859 |
| Cedar Ridge | $847 |
| North Lake Waco | $847 |
| North Waco | $847 |
| Rock Creek | $847 |
What are the most affordable neighborhoods in Waco?
The most affordable neighborhoods in Waco are Cedar Ridge, where the average rent goes for $847/month, North Lake Waco, where renters pay $847/mo on average, and North Waco, where the average rent goes for $847/mo. If you’re looking for other great deals, check out the listings from Rock Creek ($847), Landon Branch ($859), and East Riverside ($861), where the asking prices are below the average Waco rent of $1,171/mo.
What are the most expensive neighborhoods in Waco?
The most expensive neighborhoods in Waco are Oakwood ($1,506), Robinson ($1,506) and Sanger-Heights ($1,605).
What are the most popular neighborhoods in Waco?
The most popular neighborhood in Waco is Richland Hills, where there are 2 verified RentCafe listings with an average rent of $863. Next up is Alta Vista, where apartments go for $1,506/month, followed by Baylor with $1,506 If you’re looking to rent in Waco’s most popular neighborhoods, make sure to also check out Beverly Hills, where renters pay $1,385 on average, and Brazos, where the average monthly rent is $1,506.
Waco | Rent Comparison by Neighborhood
Rent in Alta Vista is 69% higher than in Austin Ave
Alta Vista rent is 29% higher than Waco average
| Average Rent | $1,506 |
|---|
Austin Ave rent is 24% lower than Waco average
| Average Rent | $892 |
|---|
How Waco Compares to Other Cities
| City | Average Rent |
|---|---|
| Houston | $1,263 |
| San Antonio | $1,230 |
| Dallas | $1,474 |
| Austin | $1,735 |
| Fort Worth | $1,356 |
| Arlington | $1,250 |
| Irving | $1,427 |
| Spring | $1,481 |
| Plano | $1,724 |
| Denton | $1,421 |
| Burleson | $1,473 |
| Red Oak | $1,232 |
| Killeen | $954 |
| Mansfield | $1,559 |
| Temple | $1,041 |
| Waxahachie | $1,354 |
| Glenn Heights | $1,232 |
| Waco | $1,171 |
| Cleburne | $1,124 |
| Copperas Cove | $753 |
| Ennis | $1,089 |
Most Popular Apartments in Waco
THE RETREAT AT CTM
2500 Marketplace Drive, Waco, TX 76711- 1 BED
- 2 BEDS
- 3 BEDS
- $1,337+
- $1,557+
- $1,852+