Rentometer, Inc. | Data as of 02/04/2026
McLennan County’s rental market blends the vibrancy of Waco’s downtown scene with the comfort of suburban neighborhoods, offering a diverse range of housing for students, professionals, and families. Close to Baylor University, Magnolia Market, and the historic Cameron Park, renters enjoy easy access to cultural attractions, dining, and outdoor recreation along the Brazos River. The county’s inventory includes both modern apartments and spacious single‑family homes, catering to a variety of lifestyle preferences—from compact studio units to expansive four‑bedroom houses ideal for larger households.
Rent pricing reflects this variety, with studio apartments and one‑bedroom homes typically positioned in the $1200‑$1300 range, while two‑ and three‑bedroom options often fall within the $1500‑$1700 bracket. Larger homes, especially those offering four or more bedrooms, command rents in the $2300‑$2500 range, aligning with the demand for premium family accommodations. Whether you’re seeking a student‑friendly apartment near campus, a first‑time renter exploring downtown lofts, or a spacious house in a quiet cul‑de‑sac, McLennan County provides a welcoming rental environment supported by strong local amenities, reliable transportation links, and a thriving community spirit.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,166 | $1,139 | $650 - $1,775 | $950 - $1,350 |
| Apartment | 2 Bedroom | $1,306 | $1,250 | $549 - $2,739 | $1,029 - $1,455 |
| Apartment | 3 Bedroom | $1,576 | $1,655 | $810 - $2,550 | $1,250 - $1,875 |
| Apartment | 4+ Bedroom | $828 | $825 | $720 - $949 | $795 - $855 |
| House | 1 Bedroom | $1,128 | $1,225 | $595 - $1,550 | $795 - $1,400 |
| House | 2 Bedroom | $1,313 | $1,300 | $850 - $2,495 | $1,095 - $1,500 |
| House | 3 Bedroom | $1,741 | $1,700 | $895 - $3,399 | $1,450 - $1,995 |
| House | 4+ Bedroom | $2,401 | $2,295 | $1,200 - $4,300 | $1,950 - $2,800 |
In the current period, the average rent in McLennan was $1,436 for Studio, $1,159 for 1 Bedroom, $1,311 for 2 Bedroom, $1,725 for 3 Bedroom, and $2,241 for 4+ Bedroom.
Data provided by Rentometer, Inc.