The average monthly rent of apartments in Waco, TX is $1,338.
Apartments for Rent in Waco, TX
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More Rentals Near Waco, TX
Rental prices in Waco, TX have decreased by 1.86% over the past year. The average rent moved from $1,363 to $1,338.
Compared to the national average rent of $1,741, the average rent in Waco, TX is $1,338.
The average monthly rent of apartments in Waco, TX is $1,338.
About 20% of apartment rents in Waco, TX range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 4% of apartments. Around 40% of Waco’s apartments are in the $1,001-$1,500 price range. 30% of apartments are priced ≤ $1000. A share of 4% of apartment rentals in Waco are in the $2,501-$3,000 range. There are 1% of apartment rentals in Waco in the > $3,000 range.
The largest share of rentals in Waco, TX (40%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Waco, TX were last updated on 19 Feb 2026.
The best apartments in Waco, TX are: Abbey Glenn Apartments, Bend at New Road, Tuscany Ranch Apartments, The Edmond and Garden Place.
The average rent in Waco, TX is $1,323.
The price range for a studio apartment in Waco, TX is between $995 and $1,333.
The price range for a 1-bedroom apartment in Waco, TX is between $500 and $2,074.
The price range for a 2-bedroom apartment in Waco, TX is between $500 and $2,179.
The price range for a 3-bedroom apartment in Waco, TX is between $1,390 and $2,703.
In Waco, 51% of the residents are renting compared to 49% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of Waco's rentals, 60% are small-scale complexes with under 50 units, and 27% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Waco are about 35 years old, on average. Of these, 36% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About 98% of the rental communities here are low-rise, garden-style communities, 2% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Waco are around 0.7% of rentals, while 1-bedroom floor plans represent 39% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.