Rentometer, Inc. | Data as of 10/22/2025
Waco’s rental market offers a diverse mix of apartments and single‑family homes, appealing to students, professionals, and families alike. Downtown Waco and the historic Brazos River district feature modern lofts and renovated historic buildings, while neighborhoods such as West Waco and the South‑East Rise provide spacious single‑family houses with easy access to parks, shopping, and major employers. Proximity to Baylor University and Texas A&M University‑Commerce makes the city a vibrant hub for renters seeking a blend of academic atmosphere and community events.
Apartment options range from compact studios, typically priced in the $1300s with a median near the $1500 mark, to larger three‑bedroom units that sit comfortably in the $1400s. One‑ and two‑bedroom apartments commonly fall within the $1200‑$1300 range, offering affordable choices for couples and small households. For those preferring a house, studios and one‑bedroom homes are generally available in the $1000‑$1100 bracket, while two‑bedroom houses trend around the $1300s. Larger family homes, especially three‑bedroom residences, often command rents in the $1700s, reflecting the spacious layouts and backyard amenities popular in the area.
Beyond the numbers, Waco’s rentals benefit from the city’s cultural attractions, including the Magnolia Market at the Silos, the historic Texas Ranger Hall of Fame, and the scenic banks of the Brazos River. These landmarks, combined with a growing job market and a welcoming community spirit, make Waco a compelling choice for renters looking for value, convenience, and a lively Texas lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,216 | $1,217 | $376 - $2,915 | $946 - $1,398 |
| Apartment | 2 Bedroom | $1,330 | $1,317 | $449 - $2,739 | $1,100 - $1,504 |
| Apartment | 3 Bedroom | $1,554 | $1,597 | $810 - $2,100 | $1,495 - $1,793 |
| Apartment | 4+ Bedroom | $1,166 | $720 | $565 - $2,750 | $709 - $1,849 |
| House | 1 Bedroom | $1,066 | $1,087 | $700 - $1,500 | $775 - $1,250 |
| House | 2 Bedroom | $2,509 | $1,300 | $850 - $95,000 | $1,150 - $1,495 |
| House | 3 Bedroom | $1,787 | $1,725 | $820 - $3,450 | $1,510 - $2,000 |
| House | 4+ Bedroom | $2,491 | $2,350 | $800 - $4,750 | $2,000 - $2,750 |
In the current period, the average rent in Waco was $1,202 for 1 Bedroom, $2,014 for 2 Bedroom, $1,762 for 3 Bedroom, and $2,357 for 4+ Bedroom.
Data provided by Rentometer, Inc.