The average monthly rent of apartments in Waco, TX is $1,338.
Apartments for Rent in Waco, TX
-
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 5 Apr 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.
Rental apartments in Waco come in a range of sizes and floorplans. Studio apartments represent 0.7% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 39% of the total apartments in the city, while 2-bedroom floorplans represent around 42% of all rentals in Waco. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.