Average Rent in Waco, TX
What is the average rent in Waco, TX?
The average listed apartment rent in Waco, TX is $42,539 per month, as of November 10, 2026. This sample includes 44 priced apartments in 9 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 4, 2026 through November 10, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
9 apartment buildings, 44 units. Recorded asking prices and price history where available.
Browse apartments in Waco, TXCheapest
$414/mo
Costa Esmeralda
Properties
9
tracked daily
Units
44
available now
Waco, TX Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 9 properties in Waco, TX.
Average rent trend
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Waco, TX Rent Prices
All 9 properties ranked by lowest available rent.
Costa Esmeralda
1516 Gurley Ln, Waco, TX 76706, USA
Prime 1800 Apartments
1800 Primrose Dr, Waco, TX 76706, USA
Car Mel Apartments
3638 W Waco Dr, Waco, TX 76710, USA
Carriage House
1923 Austin Ave, Waco, TX 76701, USA
The Cove on 21st
2425 S 21st St, Waco, TX 76706, USA
Oakridge Apartments
2812 W Waco Dr, Waco, TX 76710, USA
The Bruin
1300 S 11th St, Waco, TX 76706, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Costa Esmeralda 1516 Gurley Ln, Waco, TX 76706, USA | $414 | $524 | $0.51/ft² | 3.8 (93) | 4 |
| 2 | Prime 1800 Apartments 1800 Primrose Dr, Waco, TX 76706, USA | $850 | $1,161 | $1.30/ft² | 4.6 (111) | 5 |
| 3 | Car Mel Apartments 3638 W Waco Dr, Waco, TX 76710, USA | $865 | $908 | $1.26/ft² | 3.9 (39) | 7 |
| 4 | Carriage House 1923 Austin Ave, Waco, TX 76701, USA | $870 | $870 | $1.01/ft² | 4 (24) | 1 |
| 5 | The Cove on 21st 2425 S 21st St, Waco, TX 76706, USA | $899 | $1,139 | $1.41/ft² | 4.1 (262) | 3 |
| 6 | Oakridge Apartments 2812 W Waco Dr, Waco, TX 76710, USA | $975 | $975 | $1.95/ft² | 3.5 (6) | 1 |
| 7 | The Bruin 1300 S 11th St, Waco, TX 76706, USA | $1,219 as of Sep 27 | $1,254 | $1.21/ft² | 3.5 (87) | 3 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Costa Esmeralda
3.8 (93)1516 Gurley Ln, Waco, TX 76706, USA
Prime 1800 Apartments
4.6 (111)1800 Primrose Dr, Waco, TX 76706, USA
Car Mel Apartments
3.9 (39)3638 W Waco Dr, Waco, TX 76710, USA
Carriage House
4 (24)1923 Austin Ave, Waco, TX 76701, USA
The Cove on 21st
4.1 (262)2425 S 21st St, Waco, TX 76706, USA
Oakridge Apartments
3.5 (6)2812 W Waco Dr, Waco, TX 76710, USA
By Area
Waco, TX neighborhoods
Tracked buildings across 4 named neighborhoods. Pick one to see its apartments.
Waco, TX Average Rent Prices 2026
The average listed rent in Waco, TX is $42,539 per month, based on 44 units across 9 apartment communities. Prices range from $414 at Costa Esmeralda to $190,000 at Bear Gardens.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $1,045/mo | $414/mo | 18 |
| 2 Bed | $54,933/mo | $492/mo | 15 |
| 3 Bed | $104,623/mo | $568/mo | 8 |
| 4 Bed | $63,965/mo | $621/mo | 3 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Waco, TX, and what they pay
Tracked one-bedroom rent in Waco, TX averages $1,045/mo , with two-bedroom units averaging $54,933/mo. At the local median household income of $51,468, that works out to 992% of gross income, a severely rent-burdened market by HUD standards.
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 3774% 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
$1,702,000/year
Based on the 30 percent rule, using our tracked average rent of $42,539/mo.
Comfortable income
$2,042,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($414/mo), you need to earn at least $17,000/year.
Median household income in Waco, TX is $51,468 , about 97% 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) | $42,539 |
| Utilities | $333 |
| Groceries | $502 |
| Transportation | $793 |
| Healthcare | $387 |
| Other goods and services | $619 |
| Estimated total | $45,172/mo |
Population
141,925
Median household income
$51,468
Census median rent
$1,098/mo
Census rent burden
34.0%
Median age
29.2
Mean commute
18 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
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
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
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 | 30-Day Change | Properties |
|---|---|---|---|---|
| Dallas, TX | $1,514 | -96% | -0.8% | 711 |
| Addison, TX | $1,652 | -96% | -2.2% | 367 |
| Austin, TX | $1,769 | -96% | -1.7% | 304 |
| Houston, TX | $1,915 | -95% | +1.1% | 246 |
| Irving, TX | $1,584 | -96% | +3.9% | 143 |
| Arlington, TX | $1,400 | -97% | +1.2% | 83 |
Frequently asked questions
What is the average rent in Waco, TX?
The average listed apartment rent in Waco, TX is $42,539 per month, as of November 10, 2026. This sample includes 44 priced apartments in 9 buildings. These are tracked asking prices, not signed leases.
What is the median rent in Waco, TX?
The median asking rent in Waco, TX is $1,384 per month, computed from 44 priced listings; check the observation dates shown on this page. The average is $42,539/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Waco, TX?
The lowest available rent in Waco, TX starts at $414 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Waco, TX?
1-bedroom apartments in Waco, TX average $1,045/mo. The lowest listed 1-bedroom starts at $414/mo across 18 units tracked.
How much is a 2-bedroom apartment in Waco, TX?
2-bedroom apartments in Waco, TX average $54,933/mo. Units start from $492/mo across 15 units currently listed.
Rent Trends in Waco, TX
Track how apartment prices are changing over time.
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