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  2. Waco
  3. Renter Market Trends

Rental market trends in Waco, TX

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Average Rent in Waco, TX

Average Rent in Waco, TX

Avg. RentAnnual Change
Studio - $1,950+8%
1 Bed - $1,148-1%
2 Beds - $1,507+35%
Last updated 11/14/2024

Average Apartment Cost in Waco, TX

The average rent for apartments in Waco, TX, is between $1,148 and $1,950 in 2024. For a studio apartment in Waco, TX, the average rent is $1,950. When it comes to 1-bedroom apartments, the average rent in Waco, TX, is $1,148. For a 2-bedroom apartment, the average rent is $1,507.

Apartment Rent Ranges in Waco, TX

Apartment PricesProportion
2%
9%
38%
29%
21%

Neighborhood Apartment Rent Trends in Waco, TX

Neighborhood1 Bed Avg RentAnnual Change
Alta Vista$1,409-1%
Downtown Waco$1,269+12%
Downtown$1,167--
North East Riverside$1,160--
Landon Branch$1,150--
Baylor$1,0490%
West Waco$1,040-10%
Parkdale Viking Hills$895+19%
Austin Avenue$850--
Oakwood$700--
Cedar Ridge$6100%
Neighborhood2 Beds Avg RentAnnual Change
Alta Vista$1,849+14%
Downtown$1,778--
Downtown Waco$1,7180%
Landon Branch$1,495--
West Waco$1,450+4%
North East Riverside$1,135--
Parkdale Viking Hills$9950%
Austin Avenue$985--
Baylor$600-8%

How Other Cities Compare to Waco, TX

City1 Bed Avg RentAnnual Change
Hewitt$1,399-5%
Belton$1,2850%
Temple$1,102-6%
Woodway$1,025+3%
Hillsboro$993--
Killeen$867+51%
Cameron$655--
City2 Beds Avg RentAnnual Change
Hewitt$1,589+1%
Belton$1,410-5%
Temple$1,307+4%
Groesbeck$1,300--
Woodway$1,245+2%
Killeen$1,055+11%
Harker Heights$1,050+31%
Gatesville$995--
Hillsboro$852-6%

Waco, TX Rent Trends

Studio1 Bed2 Beds
Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024Jun 2024Jul 2024Aug 2024Sep 2024Oct 2024Nov 2024
$1799$1800$1800$1899$2143$2098$2199$2170$2109$2098$2098$1950$1950
$1108$1116$1083$1049$1099$1133$1205$1186$1202$1167$1148$1148$1212
$1480$1480$1480$1480$1459$1490$1459$1500$1499$1498$1497$1497$1484
$1601$1601$1601$1606$1634$1606$1744$1801$1755$1806$1948$1726$1601

Neighborhood Information for Waco, TX

What are the most affordable neighborhoods in Waco, TX?

The most affordable neighborhoods in Waco are Cedar Ridge, where the average 1-bedroom apartment rent goes for $610, Oakwood, where renters pay $700 on average for a 1-bedroom apartment, and Austin Avenue, where the average 1-bedroom apartment rent goes for $850. If you're looking for other great deals, check out the listings in Parkdale Viking Hills ($895 for a 1-bedroom apartment) or West Waco ($1,040 for a 1-bedroom apartment), compared to the $1,148 average for an Waco 1-bedroom apartment.

What are the most expensive neighborhoods in Waco, TX?

The most expensive neighborhoods in Waco are Alta Vista, where the average rent for a 1-bedroom apartment is just $1,409. offering similar apartments at an average of Downtown Waco, $1,269, and Downtown, $1,167. For additional value-for-money options, consider North East Riverside ($1,160 for a 1-bedroom apartment) or Landon Branch ($1,150 for a 1-bedroom apartment). These prices represent a significant saving when compared to the Waco average for a 1-bedroom apartment, which stands at $1,148.

What are the most popular neighborhoods in Waco, TX?

The most popular neighborhoods in Waco are Austin Avenue, where the average 1-bedroom apartment rent goes for $850, Downtown, where renters pay $1,167 on average for a 1-bedroom apartment, and Downtown Waco, where the average 1-bedroom apartment rent goes for $1,269. If you're looking for other popular neighborhoods, check out the listings in Baylor ($1,049 for a 1-bedroom apartment) or Alta Vista ($1,409 for a 1-bedroom apartment), compared to the $1,148 average for an Waco 1-bedroom apartment.

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