Last updated
Average Rent in Waco 76706 & Rent Trends
Rent prices and market trends across 2 apartment communities in Waco 76706, Waco TX. Updated daily.
Market Average
$1,354/mo
Lowest Available
$975/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
13
available now
Waco 76706 vs Waco TX Average
Waco 76706 is cheaper the Waco TX average by $242/mo (15%). The citywide average is $1,596/mo across all neighborhoods.
Is Rent Going Up or Down in Waco 76706?
As of May 2026, the average rent in Waco 76706 is $1,354 per month across 2 apartment communities and 13 available units.
The most affordable option is Campus Realtors starting at $975/mo. By unit type, a 2-bedroom averages $1,354/mo.
Prices range from $975 to $1,809 per month. The most common price point is the $1,200 range, where 4 units are currently listed.
Waco 76706 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Waco 76706
Rent Prices by Apartment in Waco 76706
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Campus Realtors | $975/mo | $1,228/mo | 9 | 3.1 |
| Bend at New Road | $1,459/mo | $1,637/mo | 4 | 4.7 |
Google Search Trends for Waco 76706 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Waco 76706
What is the average rent in Waco 76706?
Is rent going up or down in Waco 76706?
What is the cheapest apartment in Waco 76706?
How many apartments are available in Waco 76706?
What salary do I need to live comfortably in Waco 76706?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$54,000/year
30 percent rule -- using our average rent of $1,354/mo.
Comfortable income
$65,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($975/mo), you need to earn at least $39,000/year.
Median household income in Waco 76706 is $51,468 , about 21% below the comfortable-living threshold.
Cost of living in Waco 76706
Overall prices in Waco 76706 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 76706's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,354 |
| Utilities | $333 |
| Groceries | $502 |
| Transportation | $793 |
| Healthcare | $387 |
| Other goods and services | $619 |
| Estimated total | $3,987/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.
Explore Waco 76706 Apartments
Browse all 2 communities with daily-updated pricing and availability.