Rentometer, Inc. | Data as of 10/22/2025
The Waco, TX metro area offers a dynamic rental market that balances historic charm with modern convenience. With a vibrant mix of apartments and single‑family homes, renters can find options that suit students from Baylor University, young professionals, and growing families alike. Downtown Waco’s walkable streets provide easy access to cultural hubs such as the Texas Ranger Hall of Fame, the iconic Magnolia Market at the Silos, and the historic Waco Mammoth site, while nearby neighborhoods like West Waco and South Waco boast quiet streets and community parks.
Rental trends in Waco reflect a range of affordable choices. Studio and one‑bedroom apartments typically sit in the $1,200 range, while two‑bedroom units often hover around $1,300. Larger three‑bedroom apartments and houses commonly fall into the $1,500 to $1,700 brackets, and premium four‑plus bedroom homes can reach the $2,400 range. This spectrum of pricing ensures that both entry‑level renters and those seeking more spacious accommodations have viable options, whether they prefer the low‑maintenance lifestyle of an apartment complex or the added space of a detached house.
Beyond the numbers, Waco’s rental market is supported by a growing economy, expanding healthcare and education sectors, and a lively downtown revitalization that continues to attract new residents. Prospective renters enjoy proximity to major highways, public transit links, and a variety of dining, shopping, and recreation options that make everyday living comfortable and convenient. These factors combine to make the Waco metro area a compelling destination for anyone looking for diverse housing opportunities in a friendly, thriving community.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,193 | $1,225 | $376 - $2,110 | $980 - $1,342 |
| Apartment | 2 Bedroom | $1,391 | $1,275 | $449 - $3,835 | $1,135 - $1,459 |
| Apartment | 3 Bedroom | $1,452 | $1,421 | $516 - $2,525 | $1,030 - $1,830 |
| Apartment | 4+ Bedroom | $1,478 | $872 | $709 - $2,950 | $720 - $2,750 |
| House | 1 Bedroom | $991 | $962 | $700 - $1,275 | $800 - $1,250 |
| House | 2 Bedroom | $1,374 | $1,300 | $850 - $2,600 | $1,150 - $1,500 |
| House | 3 Bedroom | $1,762 | $1,695 | $989 - $3,500 | $1,495 - $1,950 |
| House | 4+ Bedroom | $2,376 | $2,262 | $1,200 - $4,500 | $1,995 - $2,600 |
In the current period, the average rent in Waco, TX was $1,243 for Studio, $1,170 for 1 Bedroom, $1,381 for 2 Bedroom, $1,736 for 3 Bedroom, and $2,300 for 4+ Bedroom.
Data provided by Rentometer, Inc.