Last updated
Average Rent in Waco, TX & Rent Trends
Rent prices and market trends across 5 apartment communities in Waco, TX. Updated daily.
Market Average
$1,394/mo
▲ +12.1% from last month
Lowest Available
$414/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
27
available now
Rent by Neighborhood in Waco, TX
Compare average rent across Waco, TX neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Downtown | $1,544 | ▼ $32 | $725 | 1 | 12 |
| Waco 76706 | $1,275 | ▲ $175 | $414 | 4 | 15 |
Is Rent Going Up or Down in Waco, TX?
As of September 2026, the average rent in Waco, TX is $1,394 per month across 5 apartment communities and 27 available units. Rents have increased $151 (12.1%) over the past month.
The most affordable option is Costa Esmeralda starting at $414/mo. By unit type, a 1-bedroom averages $1,106/mo, a 2-bedroom averages $1,398/mo, a 3-bedroom averages $1,872/mo, a 4-bedroom averages $948/mo.
Prices range from $414 to $3,750 per month. The most common price point is the $1,200 range, where 7 units are currently listed.
Waco, TX Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,112 | - | 5 |
| July 2026 | $1,137 | +$25 | 5 |
| August 2026 | $1,178 | +$41 | 6 |
| September 2026 | $1,246 | +$68 | 5 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Waco, TX
Rent Prices by Apartment in Waco, TX
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Costa Esmeralda | $414/mo | $524/mo | 4 | 3.8 |
| Waco Loft Living | $725/mo | $1,544/mo | 12 | 4.2 |
| The Bruin | $1,275/mo | $1,275/mo | 1 | 3.5 |
| The Cove on 21st | $1,289/mo | $1,289/mo | 1 | 4.1 |
| Bend at New Road | $1,319/mo | $1,607/mo | 9 | 4.7 |
Frequently Asked Questions About Rent in Waco, TX
What is the average rent in Waco, TX?
Is rent going up or down in Waco, TX?
What is the cheapest apartment in Waco, TX?
How much is a 1-bedroom apartment in Waco, TX?
How many apartments are available in Waco, TX?
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
$56,000/year
Based on the 30 percent rule, using our tracked average rent of $1,394/mo.
Comfortable income
$67,000/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 23% 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) | $1,394 |
| Utilities | $333 |
| Groceries | $502 |
| Transportation | $793 |
| Healthcare | $387 |
| Other goods and services | $619 |
| Estimated total | $4,027/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
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.
Google Search Trends for Waco, TX Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Waco, TX Apartments
Browse all 5 communities with daily-updated pricing and availability.