Baylor, Waco, TX Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Baylor is $1,634, a 8.82% decrease compared to the previous year, when the average rent was $1,792.
One-bedroom apartments provide 667 square feet for $1,138, balancing privacy and affordability.
Two-beedroom units at $1,406 offer 986 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,202 sq ft) for $2,014, suitable for larger households.
Average rent in Baylor, Waco, TX
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,634 | 976 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,138 | 667 sq. ft. |
| 2 Beds | $1,406 | 986 sq. ft. |
| 3 Beds | $2,014 | 1,202 sq. ft. |
Baylor, Waco, TX rent trends
Rental prices in Baylor, Waco, TX have decreased by 8.82% over the past year. The average rent moved from $1,792 to $1,634.
What's the typical rent budget in Baylor, Waco, TX?
The largest share of rentals in Baylor, Waco, TX (37%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Baylor, Waco, TX?
169 or 61% of the households in Baylor, Waco, TX are renter-occupied while 108 or 39% are owner-occupied.
Most affordable neighborhoods in Baylor?
Bellmead $848/month
Carver $918/month
Brookview-Heart of Texas $953/month
All of these neighborhoods fall below the city wide average of $1,338/month.Most expensive neighborhoods in Baylor?
Brazos $1,594/month
Baylor $1,634/month
Oakwood $2,236/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Waco, TX By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Oakwood | $2,236 |
| Baylor | $1,634 |
| Brazos | $1,594 |
| Kendrick | $1,480 |
| Alta Vista | $1,271 |
| Landon Branch | $1,160 |
| Richland Hills | $1,053 |
| Lacy-Lakeview | $1,025 |
| Brookview-Heart of Texas | $953 |
| Carver | $918 |
| Bellmead | $848 |
Waco | Rent Comparison by Neighborhood
Rent in Baylor is 29% higher than in Alta Vista
Baylor rent is the same as Waco average
Alta Vista rent is 22% lower than Waco average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Baylor apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.