3 Days Ago
Location
2021 S 3rd St, Waco, TX 76706, USA|Baylor
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Property Overview
Madison Plaza earns a strong overall impression, with a 7.2 Zumper expert rating supported by standout amenities, excellent location convenience, and solid trustworthiness. It is also noted for walkable nearby areas, transit options, a lively neighborhood, and easy access to many restaurants, making it appealing for renters who value convenience and an active social setting.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $800 /mo | 3 units available | Check out these budget-friendly 1-bedroom, 1-bath units at Madison Plaza! Enjoy an in-unit washer/dryer, off-street parking, all within walking distance to campus and a short drive to everything that downtown has to offer. These units are priced at $800/month and no utilities are included. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 5 |
|---|
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About Madison Plaza
Check out these budget-friendly 1-bedroom, 1-bath units at Madison Plaza! Enjoy an in-unit washer/dryer, off-street parking, all within walking distance to campus and a short drive to everything that downtown has to offer. These units are priced at $800/month and no utilities are included.
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.
7.2
/10
Very GoodMadison Plaza 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·6A 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.
Madison Plaza is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
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, Madison Plaza 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.
Madison Plaza 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 Madison Plaza does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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 level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Madison Plaza is great 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 Madison Plaza compares to other nearby properties.
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Baylor
1-bedroom apartments at Madison Plaza cost about the same as the average rent price for 1-bedroom apartments in Baylor.
Median rents as of Jun 20 2026.
Baylor
Waco
| Month | Median Rent |
|---|---|
| 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 |
| May 2026 | $1,025 |
| June 2026 | $1,020 |
| Month | Median Rent |
|---|---|
| July 2024 | $761 |
| August 2024 | $767 |
| September 2024 | $740 |
| November 2024 | $1,007 |
| December 2024 | $850 |
| January 2025 | $875 |
| February 2025 | $875 |
| March 2025 | $832 |
| April 2025 | $809 |
| May 2025 | $806 |
| June 2025 | $790 |
| July 2025 | $820 |
| August 2025 | $755 |
| September 2025 | $799 |
| October 2025 | $799 |
| November 2025 | $833 |
| December 2025 | $831 |
| January 2026 | $780 |
| February 2026 | $809 |
| March 2026 | $829 |
| April 2026 | $829 |
| May 2026 | $854 |
| June 2026 | $824 |
Affordability calculator
Can I afford to live at 2021 S 3rd St?
Bedrooms
1 bedroomRent-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
$32,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $32,000 annually to afford this 1-bedroom monthly rent price of $800.
For more information on rent affordability, visit our rent calculator.
Schools near Madison Plaza
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 Madison Plaza
Getting around Waco near 2021 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
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Points of interest for 2021 S 3rd St, Waco
Groceries
5/10
Variety of groceries within a short drive
Shopping
4/10
Variety of shops within a short drive
Cafes
6/10
Variety of cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
2/10
Closest elementary school further than a 30-minute walk
High schools
2/10
Closest high school further than a 30-minute walk
Nightlife
6/10
Variety of bars within a short drive
Explore the area around 2021 S 3rd St
Speight Food Mart
1125 Speight Ave
Silos Tuscan Market
401 S 3rd St
Spicer's Food Store
925 Spring St
Grocery LLC
729 Washington Ave
H-E-B plus!
1821 S Valley Mills Dr
San Jose Jewelers
24 La Salle Ave
Family Dollar
800 La Salle Ave
Barefoot Campus Outfitters
1508 Speight Ave
Montoyas Fashions
1105 Spring St
Aldana's Work Clothes
2118 La Salle Ave
Starbucks
101 Bagby Ave
Daylight Donuts
1100 La Salle Ave
Starbucks
1301 S 2nd St
Shipley Do-nuts
1205 Speight Ave
Common Grounds
1123 S 8th St
Twisted Root Burger Co
801 S 2nd St
Freight Bar Waco LP
1613 James Ave
Buzzard Billy's
100 Interstate 35 N
Backyard Bar Stage & Grill
511 S 8th St
George's Restaurant Bar & Catering
1925 Speight Ave
Olive Branch Bakery & Cafe
215 S 2nd St
Bangkok Royal
215 S University Parks Dr
Jimenez Bakery
1915 Dutton Ave
Milk Bottle Cookies
218 S 11th St
Hometown Bakery
511 N 8th St
Park on Bagby Avenue
SLC Meadow
Edgefield Park
Erica Cummings Memorial Prayer Garden
Oakwood Park
Pizza Express
301 La Salle Ave
Subway
24 La Salle Ave
Mix Cafe
1700 S 5th St
Jess Soul Food
810 La Salle Ave
Which Wich Superior Sandwiches
101 Bagby Ave
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