3

Studio Apartments for Rent in Waco, TX

Section Image
  • /35

    $1,920 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Waco - Woodway

    5903 Woodway Dr, Waco, TX 76712

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Waco - Woodway

    5903 Woodway Dr, Waco, TX 76712
  • /19

    Starting at $649 Per Month

    • Studio - 2 Beds

    4120 Bellmead Dr, Waco, TX 76705

    Eagle Crest Apartment homes are the perfect choice for those who are seeking convenience, comfort, and affordable rates. Eagle Crest is conveniently located and provides easy access to Texas State Technical College (TSTC), Baylor, MCC, L3, and major highways. Enjoy great amenities such as a fitness center and 2 swimming pools. You will also appreciate the personal service of a caring management

    Eagle Crest Apartments

    4120 Bellmead Dr, Waco, TX 76705
  • /7

    $650

    Total Monthly Price

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • House for Rent

    608 N 30th St, Waco, TX 76707

    Quiet, hassle-free efficiency in a professional neighborhood. Perfect for a young professional on the go or Graduate Student looking for a well maintained setting only 3.5 miles from Baylor University. This is a very unique and rare opportunity. Baylor alumni owned and managed.

    608 N 30th St, Waco, TX 76707

Why Live in Waco

Waco's 416-acre Cameron Park features scenic hiking trails and stunning Brazos River views, including the challenging Jacob's Ladder climb. The city's rich cultural heritage comes alive at distinctive attractions like the Dr Pepper Museum, where visitors can explore the origins of the famous soft drink invented here in 1885, and the Texas Ranger Hall of Fame and Museum. Baylor University's beautiful campus adds a collegiate atmosphere, complete with the Bill and Eva Williams Bear Habitat. The historic Waco Suspension Bridge connects to the Waco Riverwalk, providing peaceful paths for walking and cycling along the water. Local dining ranges from the popular Magnolia Table, serving fresh pastries and classic brunch dishes, to fine dining at OneThirtyFive Prime with premium steaks and seafood.

The Waco housing market presents diverse options across several neighborhoods. Single-family homes in Austin Avenue have a median price of $425,000, while similar properties in China Spring sit at $259,500. Downtown Waco single-family homes command a median price of $287,000. The citywide median sale price stands at $259,000, with townhomes at $264,000 and single-family homes at $279,000. One-bedroom condos have a median price of $184,900.

The cost of living in Waco sits 8.4% below the national average. A family with school-age children needs approximately $97,000 annually to live comfortably, while renters should aim for $50,000. Property taxes in McLennan County run 1.53%, slightly lower than nearby College Station at 1.64%. The city maintains five highly rated schools, including Midway High School and Vanguard College Preparatory School, both earning A+ ratings. Waco's central location places it 90 miles south of Dallas and 100 miles north of Austin, making it convenient for business travel or weekend getaways.

Frequently Asked Questions

How much does it cost to rent a home in Waco, TX?
The median rent for a home in Waco, TX is $1,500 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Waco, TX?
To comfortably afford the median rent in Waco, TX, a household needs to earn roughly $60,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,500 per month in Waco, TX, renters typically need to show $4,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waco, TX?
In Waco, TX, the price-to-rent ratio is 14.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,500
Median Single Family Home Rent
$1,675
Median Townhouse Rent
$1,695
Median Condo Rent
$1,295
How to Rent a Home