Last updated on June 24, 2026

Average rent in
Baylor University, TX

Median rent

Median rent in Waco

$1,400/mo

decreased by7%

vs previous year

The average rent in Waco is $1,400 per month as of June 2026. This is 28% below the national average rent, or $550 less per month.

$1.36

average price per square foot

Total rentals

Available rentals in Waco

311

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Waco rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Baylor University, TX

Average rent prices in Waco have decreased by 7% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Baylor University, TX

Rent prices in Waco vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waco is $1,318, whereas a house costs $1,575. 1-bedroom apartments in Waco run $1,100 on average, while 2-bedroom apartments are $1,350.

Listings

Studio

$1,445

-

12%

1 bedroom

$1,050

-

11%

2 bedroom

$1,262

-

20%

3 bedroom

$1,600

-

1%

4 bedroom

$2,300

-

2%

Studio

Average rent

$1,445

Last year

12%

1 bedroom

Average rent

$1,050

Last year

11%

2 bedroom

Average rent

$1,262

Last year

20%

3 bedroom

Average rent

$1,600

Last year

1%

4 bedroom

Average rent

$2,300

Last year

2%

The table above reflects average rent prices in Baylor University, TX, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Baylor University, TX

Bear Crossing - Photo 1 of 1

5d+ ago

8.2

Very good

Bear Crossing

2406 S University Parks Dr, Waco, TX 76706

1–4 beds

1–4 baths

$425–$1,700

Apartment for rent

126 Hood St - Photo 1 of 1

3d ago

East Riverside apartment for rent in Waco

126 Hood St, Waco, TX 76704

1 bed

1 bath

$495

Apartment for rent

Available Jun 19

The Addison - Photo 1 of 1

4d ago

7.7

Very good

The Addison

2215 S 2nd St, Waco, TX 76706

4 beds

4 baths

$499

Apartment for rent

The Arbors - Photo 1 of 1

5d+ ago

6.5

Good

The Arbors

1825 S 3rd St, Waco, TX 76706

2 beds

2 baths

$525

Apartment for rent

Stay up to date with rental market insights

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Baylor University, TX

Quick answers to common questions about the Waco rental market.

How much is rent in Waco?

The average rent in Waco is $1,400 per month as of June 20, 2026.

Is rent up or down in Waco?

Average rent prices in Waco have decreased by 7% since last year.

How does Waco rent compare to the national average?

Rent in Waco is 28% below the national average, which means renters are paying approximately $550 less per month.

What salary do I need to afford rent in Waco?

To comfortably afford rent in Waco, you'd need to earn approximately $56,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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