Average Rent in Waco TX
7 apartment buildings, 59 units. Real asking prices, refreshed daily.
Avg Rent
$1,596/mo
Cheapest
$600/mo
Properties
7
Units
59
Analysis
Rent Price Breakdown
Compare pricing across all 7 properties in Waco TX.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Waco TX Rent Prices
All 7 properties ranked by lowest available rent.
Campus Realtors
1201 S 8th St, Waco
Waco Loft Living
219 S 4th St #102, Waco, TX 76701, USA
Bend at New Road
3000 S New Rd, Waco, TX 76706, USA
South Terrace Apartments
2616 S 12th St, Waco
The Bruin
1300 S 11th St, Waco, TX 76706, USA
The Cove on 21st
2425 S 21st St, Waco, TX 76706, USA
The Zoe
3801 Meyers Ln, Lacy Lakeview, TX 76705, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Campus Realtors 1201 S 8th St, Waco | $600 | $1,592 | $1.18 | 3.1 | 38 |
| 2 | Waco Loft Living 219 S 4th St #102, Waco, TX 76701, USA | $750 | $1,638 | $1.32 | 4.2 | 15 |
| 3 | Bend at New Road 3000 S New Rd, Waco, TX 76706, USA | $1,249 | $1,519 | $3.61 | 4.7 | 6 |
| 4 | South Terrace Apartments 2616 S 12th St, Waco | -- | -- | -- | 3.9 | 0 |
| 5 | The Bruin 1300 S 11th St, Waco, TX 76706, USA | -- | -- | -- | 3.5 | 0 |
| 6 | The Cove on 21st 2425 S 21st St, Waco, TX 76706, USA | -- | -- | -- | 4.1 | 0 |
| 7 | The Zoe 3801 Meyers Ln, Lacy Lakeview, TX 76705, USA | -- | -- | -- | 4.9 | 0 |
Explore Each Property
Campus Realtors
3.11201 S 8th St, Waco
Waco Loft Living
4.2219 S 4th St #102, Waco, TX 76701, USA
Bend at New Road
4.73000 S New Rd, Waco, TX 76706, USA
South Terrace Apartments
3.92616 S 12th St, Waco
The Bruin
3.51300 S 11th St, Waco, TX 76706, USA
The Cove on 21st
4.12425 S 21st St, Waco, TX 76706, USA
Waco TX Average Rent Prices 2026
The average rent in Waco TX is $1,596 per month, based on 59 units across 7 apartment communities. Prices range from $600 at Campus Realtors to $1,249 at Bend at New Road.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $902/mo | $600/mo | 10 |
| 2 Bed | $1,361/mo | $975/mo | 18 |
| 3 Bed | $1,654/mo | $685/mo | 17 |
| 4 Bed | $2,325/mo | $1,800/mo | 14 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Waco TX, and what they pay
Tracked one-bedroom rent in Waco TX averages $902/mo, with two-bedroom units averaging $1,361/mo. At the local median household income of $51,468, that works out to 37% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Waco TX at $1,098/mo. The current tracked market average runs 45% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Waco TX while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Waco TX?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$64,000/year
30 percent rule -- using our average rent of $1,596/mo.
Comfortable income
$77,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($600/mo), you need to earn at least $24,000/year.
Median household income in Waco TX is $51,468 , about 33% below the comfortable-living threshold.
Cost of living in Waco TX
Overall prices in Waco TX runs below the national average by about 9% (BEA Regional Price Parity index 91.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Waco TX's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,596 |
| Utilities | $333 |
| Groceries | $502 |
| Transportation | $793 |
| Healthcare | $387 |
| Other goods and services | $619 |
| Estimated total | $4,229/mo |
Population
141,925
Median household income
$51,468
Census median rent
$1,098/mo
Rent as % of income
34.0%
Median age
29.2
Mean commute
18 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Texas
How Waco TX rent compares to other markets in the state.
| City | Avg Rent | vs Waco TX | Properties |
|---|---|---|---|
| Austin, TX | $1,871 | +17% | 197 |
| Dallas, TX | $1,824 | +14% | 137 |
| Addison, TX | $1,542 | -3% | 103 |
| Houston, TX | $2,264 | +42% | 75 |
| San Antonio, TX | $2,070 | +30% | 39 |
| Carrollton, TX | $1,589 | 0% | 38 |
Frequently asked questions
What is the average rent in Waco TX?
The average rent in Waco TX is $1,596 per month, based on 59 units across 7 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Waco TX?
The lowest available rent in Waco TX starts at $600 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Waco TX?
1-bedroom apartments in Waco TX average $902/mo. The lowest listed 1-bedroom starts at $600/mo across 10 units tracked.
How much is a 2-bedroom apartment in Waco TX?
2-bedroom apartments in Waco TX average $1,361/mo. Units start from $975/mo across 18 units currently listed.
Rent Trends in Waco TX
Track how apartment prices are changing over time.
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