Apartments & Homes for Rent in Waco, TX

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What to Know About

Life in Waco & Beyond

Waco shares many of the great qualities that make Texas a desirable place to live.

Texas is a state known for its rich history, diverse culture, and abundant natural beauty. Learn the history and tradition of this place by visiting iconic sites like the Alamo, San Jacinto Monument, and the Texas State Capitol. Texas is also home to top-notch universities like the University of Texas at Austin, Texas A&M University, and Rice University. In addition, a blend of the energy, technology, and agriculture industries sustains a robust economy in Texas.

Texas offers a range of adventures, from scenic drives in the Hill Country to the beautiful beaches of South Padre Island. Sports fans can enjoy the Dallas Cowboys (NFL), Houston Texans (NFL), Dallas Stars (NHL), Houston Astros (MLB), Texas Rangers (MLB), Houston Rockets (NBA), San Antonio Spurs (NBA), and Dallas Mavericks (NBA) at venues like AT&T Stadium or Minute Maid Park, or cheer on the state's many fantastic college sports teams. In addition, make sure to take advantage of famous attractions like the Space Center Houston, the San Antonio Riverwalk, or the Fort Worth Stockyards.

With its thriving economy, affordable living, and welcoming communities, embrace the Lone Star State and see why Texas is such a great place to live.

Rental Market Trends

Waco, TX

As of April 2025, Waco's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Waco's average rent is 13.8% ($209) lower than the Texas average of $1,515 and 27.4% ($493) lower than the U.S. average of $1,799.

Average Rent
$1,306
Monthly ChangeMonth Over Month Change
Decreased7.6% ($107)
Yearly ChangeYear Over Year Change
Decreased9.1% ($131)
Avg. Days on MarketAverage Days on Market
45
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $914 Decreased1.6% ($15) Increased3.5% ($31)
2 Beds $1,208 Decreased0.9% ($11) Decreased2.6% ($32)
3 Beds $1,622 Decreased0.4% ($7) Increased0.7% ($11)
Nearby Cities Average Rent Avg. Rent vs. WacoAverage Rent vs. Waco Avg. Days on MarketAverage Days on Market
Woodway $1,789 Increased37% ($483) 31 days
Hewitt $1,782 Increased36.4% ($476) 39 days
Lorena $1,428 Increased9.3% ($122) 42 days
China Spring $663 Decreased49.2% ($643) 44 days
McGregor $2,235 Increased71.1% ($929) 41 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waco Rental Market FAQs

Explore rental prices, market trends, and availability in Waco, TX.

The average rent in Waco, TX is $1,306 per month.
Homes in Waco typically rent for between $640 and $2,109 per month, with an average of $1,306 per month.
In Waco, the average rent for a 1-bedroom home is $914 per month, for a 2-bedroom home, $1,208 per month, and a 3-bedroom home is $1,622 per month.
The average rent in Waco is 27.4% ($493) lower than the national average of $1,799 per month.
The average rent in Waco has decreased by 7.6% ($107) in the last month and decreased by 9.1% ($131) over the past year.
The rental market in Waco, TX, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Waco, TX, the average rental stays on the market for approximately 45 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 202 rental properties available in Waco, TX.
Based on the current averages, a household would need an annual income of $48,320 to comfortably afford a 2-bedroom home in Waco.
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