Waco, TX Rental Market Trends
What is the average rent in Waco?
The average rent for an apartment in Waco is $1,319. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Waco, TX
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,319 | 869 sq. ft. |
What is the average apartment size in Waco?
The average size for a Waco, TX apartment is 869 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Waco, TX apartment rent ranges
Waco, TX Occupied Housing Units
27,557 or 53% of the households in Waco, TX are renter-occupied while 24,699 or 47% are owner-occupied.
Waco, TX rent trends
Average Rent in Waco, TX By Neighborhood
| City | Average Rent |
|---|---|
| Sanger-Heights | $1,922 |
| Brazos | $1,681 |
| Alta Vista | $1,677 |
| Baylor | $1,677 |
| Oakwood | $1,677 |
| Robinson | $1,677 |
| University | $1,642 |
| Beverly Hills | $1,496 |
| Kendrick | $1,139 |
| Brook Oaks | $1,079 |
| Austin Ave | $1,061 |
| Brookview-Heart of Texas | $1,039 |
| North Lake Waco | $1,037 |
| North Waco | $1,037 |
| Richland Hills | $1,026 |
| East Riverside | $977 |
| Bellmead | $974 |
| Lacy-Lakeview | $974 |
| Technology Village | $974 |
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What are the most affordable neighborhoods in Waco?
The most affordable neighborhoods in Waco are Bellmead, where the average rent goes for $974/month, Lacy-Lakeview, where renters pay $974/mo on average, and Technology Village, where the average rent goes for $974/mo. If you’re looking for other great deals, check out the listings from East Riverside ($977), Richland Hills ($1,026), and North Lake Waco ($1,037), where the asking prices are below the average Waco rent of $1,319/mo.
What are the most expensive neighborhoods in Waco?
The most expensive neighborhoods in Waco are Robinson ($1,677), Brazos ($1,681) and Sanger-Heights ($1,922).
What are the most popular neighborhoods in Waco?
The most popular neighborhood in Waco is Alta Vista, where there are 1 listings with an average rent of $1,677. Next up is Austin Ave, where apartments go for $1,061/month, followed by Lacy-Lakeview with $974 If you’re looking to rent in Waco’s most popular neighborhoods, make sure to also check out Baylor, where renters pay $1,677 on average, and Bellmead, where the average monthly rent is $974.
Waco | Rent Comparison by Neighborhood
Rent in Alta Vista is 58% higher than in Austin Ave
$1,677
Alta Vista rent is 27% higher than Waco average
Average Rent
$1,677
$1,061
Austin Ave rent is 20% lower than Waco average
Average Rent
$1,061
How Waco Compares to Other Cities
| State | Average Rent |
|---|---|
| Dallas | $1,575 |
| Austin | $1,753 |
| Houston | $1,348 |
| San Antonio | $1,290 |
| Irving | $1,515 |
| Fort Worth | $1,436 |
| Euless | $1,477 |
| Arlington | $1,365 |
| Richardson | $1,771 |
| Killeen | $1,057 |
| Waco | $1,319 |
| Temple | $1,148 |
| Woodway | $1,200 |
What is the average price for a storage unit in Waco?
The average rent for a non-climate-controlled 10'x10' storage unit in Waco is $88.22. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
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