Average Rent in Waco, TX and Rent Price Trends

Rent trends in Waco, TX

Average rent prices in Waco have decreased by 1% over the last month and have decreased by 3% since last year.

Rent trends

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

Compare rent prices in
Waco, TX

Rent prices in Waco vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Waco is $1,336, whereas a house costs $1,595. 1-bedroom apartments in Waco run $1,100 on average, while 2-bedroom apartments are $1,300.


Studio	$1,445	5%	28%
1 bedroom	$1,075	3%	2%
2 bedroom	$1,275	1%	3%
3 bedroom	$1,650	2%	4%
4 bedroom	$2,100	3%	15%

		Listings
Alta Vista	$1,500
Baylor	$1,400
Brazos	$1,728
Heart Of Texas	$1,200
Kendrick	$1,549
Mountainview	$2,047
North Lake Waco	$2,000
Oakwood	$1,800
Richland Hills	$1,395
West Waco	$1,445


Apartments	$1,336	1%	No Change
Condos	$1,262	3%	No Change
Houses	$1,595	1%	No Change

Studio

Average rent

$1,445

Last 30 days

Last year

28%

1 bedroom

Average rent

$1,075

Last 30 days

Last year

2 bedroom

Average rent

$1,275

Last 30 days

Last year

3 bedroom

Average rent

$1,650

Last 30 days

Last year

4 bedroom

Average rent

$2,100

Last 30 days

Last year

15%

The table above reflects average rent prices in Waco, 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.

How does rent in Waco, TX compare to other cities?

Compare median rent prices in Waco and Bellmead by all bedroom counts and property types.

Waco

Median rent price$1,450

24%

lower than the national median

Median rent price$1,549

18%

lower than the national median

Takeaway

The median rent for all rentals in Waco, TX is 6% lower than the median rent in Bellmead, TX.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,549

$1,506

$1,395

$1,650

$1,200

$1,322

$2,200

$1,600

$1,772

$1,525

$1,397

$1,587

Cost of living in Waco, TX

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	6% lower
Groceries	8% lower
Health	4% higher
Housing	20% lower
Transportation	9% lower
Utilities	No difference

Discover rentals in Waco, TX

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

7h ago

7.8

Very good

The Dub

1506 1500, 1504, 1506 James Ave, Waco, TX 76706

1–4 beds

1–4 baths

$475–$1,800

Colorful Modern 4/4 Townhomes in the Baylor Bubble! - Photo 1 of 1

3d ago

6.7

Good

Colorful Modern 4/4 Townhomes in the Baylor Bubble!

218 Gurley Ln, Waco, TX 76706

4 beds

4 baths

$475–$1,800

4d ago

6.5

Good

The Addison

2215 S 2nd St, Waco, TX 76706

4 beds

4 baths

$499

5d+ ago

6.5

Good

The Arbors

1825 S 3rd St, Waco, TX 76706

2 beds

2 baths

$525

5d+ ago

Brazos apartment for rent in Waco

Luxury Co-Living with Private Suites - 1 Month Free!!

805 S 8th St #105, Waco, TX 76706

1 bed

1 bath

$529

5d+ ago

Oakwood apartment for rent in Waco

Open room in spacious 3-Bed, 3.5-Bath Rental Near Baylor University – $1950/Month

2507 Pascal Ct #A, Waco, TX 76706

3 beds

3.5 baths

$2,010

$670

Price drop

1d ago

7.7

Very good

Waco Apartments

2724 Robinson Dr, Waco, TX 76706

1–3 beds

1 bath

$850–$1,050

Stay up to date with rental market insights

National Rent Report

Canadian 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 Waco, TX

Quick answers to common questions about the Waco rental market.

How much is rent in Waco?

The average rent in Waco is $1,450 per month as of September 12, 2026.

Is rent up or down in Waco?

Average rent prices in Waco have decreased by 1% over the last month and have decreased by 3% since last year.

How does Waco rent compare to the national average?

Rent in Waco is 24% below the national average, which means renters are paying approximately $450 less per month.

Which neighborhoods are most affordable in Waco?

The most affordable neighborhoods in Waco are Heart Of Texas ($1,200/mo), Richland Hills ($1,395/mo), and Baylor ($1,400/mo).

What salary do I need to afford rent in Waco?

To comfortably afford rent in Waco, you'd need to earn approximately $58,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Waco?

February offers the lowest rents in Waco with about a 3.5% difference from peak September prices, while November sees less overall demand making it another good time to search.

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).