Waco, TX Rental Market Trends
Highlights
The average rent for an apartment in Waco is $959, a 0% decrease compared to the previous year, when the average rent was $959.
Average Rent in Waco, TX
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $959 | n/a | 840 sq. ft. |
The average size for a Waco, TX apartment is 840 square feet, but this number varies greatly depending on apartment type. 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
- < $5005%
- $501-$70028%
- $701-$1,00038%
- $1,001-$1,50019%
- $1,501-$2,0007%
- > $2,0004%
Waco, TX Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | May / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Waco, TX | $908 | $945 | $958 | $968 | $957 | $959 | $963 | $970 | $959 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
Average Rent in Waco, TX By Neighborhood
| Average Rent | |||||
|---|---|---|---|---|---|
| Neighborhood | Average Rent | ||||
| Rock Creek | $723 | ||||
| North Waco | $723 | ||||
| North Lake Waco | $723 | ||||
| Dean Highland | $723 | ||||
| Cedar Ridge | $723 | ||||
| Brook Oaks | $723 | ||||
| Landon Branch | $733 | ||||
| Ridgewood Country Club | $736 | ||||
| Richland Hills | $736 | ||||
| Mountainview | $736 | ||||
| Brookview-Heart of Texas | $736 | ||||
| Austin Ave | $765 | ||||
| Timbercrest | $766 | ||||
| Technology Village | $766 | ||||
| Rogers Hill | $766 | ||||
| Lacy-Lakeview | $766 | ||||
| Hallsburg | $766 | ||||
| Gholson | $766 | ||||
| Chalk Bluff | $766 | ||||
| Bellmead | $766 | ||||
| Kendrick | $776 | ||||
| Carver | $786 | ||||
| East Riverside | $829 | ||||
| Beverly Hills | $950 | ||||
| University | $1,197 | ||||
| Robinson | $1,242 | ||||
| Oakwood | $1,242 | ||||
| Baylor | $1,242 | ||||
| Alta Vista | $1,242 | ||||
| Brazos | $1,247 | ||||
The most affordable neighborhoods in Waco are Brook Oaks, where the average rent goes for $723/month, Cedar Ridge, where renters pay $723/mo on average, and Dean Highland, where the average rent goes for $723/mo. If you’re looking for other great deals, check out the listings from North Lake Waco ($723), North Waco ($723), and Rock Creek ($723), where the asking prices are below the average Waco rent of $959/mo.
The most expensive neighborhoods in Waco are Oakwood ($1,242), Robinson ($1,242) and Brazos ($1,247).
Waco | Rent Comparison by Neighborhood
Rent in Alta Vista is 62% higher than in Austin Ave
Alta Vista rent is 30% higher than Waco average
| Average Rent | $1,242 |
|---|
Austin Ave rent is 20% lower than Waco average
| Average Rent | $765 |
|---|
How Does Waco Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Waco | $959 | n/a |
| Woodway | $881 | 2% |
| Hewitt | $849 | 4% |
| Woodway City | $881 | 2% |
| Bellmead | $766 | 5% |
| Beverly Hills | $950 | -5% |
For more information about the Waco rental trends, check out our monthly rent report