Last updated
Average Rent in Waco TX & Rent Trends
Rent prices and market trends across 2 apartment communities in Waco TX. Updated daily.
Market Average
$1,654/mo
▲ +0.1% from last month
Lowest Available
$685/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
17
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 | From | Properties | Units |
|---|---|---|---|---|
| Downtown | $1,638 | $750 | 1 | 15 |
| Waco 76706 | $1,582 | $600 | 2 | 44 |
Is Rent Going Up or Down in Waco TX?
As of May 2026, the average rent in Waco TX is $1,654 per month across 2 apartment communities and 17 available units. Rents have increased $1 (0.1%) over the past month.
The most affordable option is Campus Realtors starting at $685/mo. By unit type, a 3-bedroom averages $1,654/mo.
Prices range from $685 to $2,325 per month. The most common price point is the $1,600 range, where 5 units are currently listed.
Waco TX Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Waco TX
Rent Prices by Apartment in Waco TX
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Campus Realtors | $685/mo | $1,679/mo | 14 | 3.1 |
| Waco Loft Living | $1,400/mo | $1,533/mo | 3 | 4.2 |
Google Search Trends for Waco TX Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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 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
$66,000/year
30 percent rule -- using our average rent of $1,654/mo.
Comfortable income
$79,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($685/mo), you need to earn at least $27,000/year.
Median household income in Waco TX is $51,468 , about 35% 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) | $1,654 |
| Utilities | $333 |
| Groceries | $502 |
| Transportation | $793 |
| Healthcare | $387 |
| Other goods and services | $619 |
| Estimated total | $4,287/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 TX Apartments
Browse all 2 communities with daily-updated pricing and availability.