5+ Days Ago
Location
2421 S 3rd St, Waco, TX 76706, USA|Oakwood
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Property Overview
The Estate on Third offers strong overall value with an expert rating of 7.7/10, highlighted by excellent price (8/10) and amenities (8/10) scores and a trustworthiness rating of 7/10. Its standout 9/10 location provides exceptional access to everyday conveniences, including a grocery store within about 0.8 miles, and its value per square foot ranks in the 84th percentile compared to nearby properties.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space
Floor plans
| 2 Bed/2.5 Baths | 2 bed | 2.5 bath | 1,136 sqft | $1,095 /mo | 1 unit available |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 22 |
|---|
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About The Estate on Third
The Estate on Third cost $1,095 per month. Located at 2421 S 3rd St, Waco, TX 76706, USA, The Estate on Third has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Waco, renting an apartment at The Estate on Third is 16% cheaper per month.Other apartment buildings in or around Waco include but are not limited to: 1421 S 12th St, 5101 Hawthorne Dr
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.7
/10
Very GoodThe Estate on Third is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, The Estate on Third is a great option for renters looking for apartments in Oakwood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, The Estate on Third is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Estate on Third is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Estate on Third does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Estate on Third provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How The Estate on Third compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 86 sqft larger than other listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 2 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Oakwood
2-bedroom apartments at The Estate on Third cost about 19% less than the average rent price for 2-bedroom apartments in Oakwood.
Median rents as of Apr 25 2026.
Oakwood
Waco
| Month | Median Rent |
|---|---|
| May 2024 | $1,135 |
| June 2024 | $1,186 |
| July 2024 | $1,155 |
| August 2024 | $1,150 |
| September 2024 | $1,081 |
| October 2024 | $1,101 |
| November 2024 | $1,074 |
| December 2024 | $1,100 |
| January 2025 | $1,125 |
| February 2025 | $1,099 |
| March 2025 | $1,042 |
| April 2025 | $1,017 |
| May 2025 | $1,040 |
| June 2025 | $1,080 |
| July 2025 | $1,092 |
| August 2025 | $1,086 |
| September 2025 | $1,069 |
| October 2025 | $1,069 |
| November 2025 | $1,052 |
| December 2025 | $1,059 |
| January 2026 | $1,009 |
| February 2026 | $1,007 |
| March 2026 | $1,000 |
| April 2026 | $1,019 |
| Month | Median Rent |
|---|---|
| May 2024 | $700 |
| June 2024 | $700 |
| October 2024 | $700 |
Affordability calculator
Can I afford to live at 2421 S 3rd St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$43,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $43,800 annually to afford this 2-bedrooms monthly rent price of $1,095.
For more information on rent affordability, visit our rent calculator.
Schools near The Estate on Third
South Waco Elementary School
2104 gurley ln
waco, TX, 76706
PK, K-5Public
C-
G.L. Wiley Opportunity Center
1030 e live oak st
waco, TX, 76704
3-12Public
Park Hill Elementary
700 ritchie rd
hewitt, TX, 76643
PK, K-5Public
Hallsburg School
2313 hallsburg rd
waco, TX, 76705
PK, K-6Public
B+
NEW EL
11495 wortham bend rd
china spring, TX, 76633
PK, K-1Public
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Internet available near The Estate on Third
Neighborhood
Oakwood | Waco, TX
Getting around Waco near 2421 S 3rd St
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 2421 S 3rd St, Waco
Groceries
2/10
Closest supermarket further than a 30-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
3/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
1/10
Closest elementary school further than a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Nightlife
2/10
Some bars within walking distance
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