Virtu on Bagby Ave
6901 Bagby Ave,
Waco, TX 76712
1-3 Beds | $1,295 - $1,895
Rental Market Trends in Waco, TX
What is the average rent in Waco, TX?
$1,031/month
Average Rent
664 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of March 2025, the average rent in Waco, TX is $1,031 per month. This is 34% lower than the national average rent of $1,559/month, making renting in Waco more affordable than most cities in the US. When you rent an apartment in Waco, you can expect to pay about $987 per month for a studio, $1,031 for a one-bedroom apartment, and around $1,263 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,380 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Waco, TX?
In the past year, rent has increased by 0.8%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Waco, TX
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
25%
$700 - $1,000/month
40%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Waco?
Based on current rent prices, Downtown Waco is the most affordable neighborhood in Waco.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waco?
Based on current rent prices, Downtown Waco is the most expensive neighborhood in Waco.
Neighborhood
Average Rent
Average Sq Ft
Which Waco neighborhoods have the most rentals available?
The neighborhood in Waco with the most apartments available is Downtown Waco .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Waco, TX?
Because the average rent in Waco is $1,031, you’ll want to make about $3,436 per month or $41,232 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Waco, TX is 7.1% lower than the national average. Generally, housing in Waco is 20.4% less expensive than the national average, with rent falling between $987 - $1,380. You can expect to pay 5.6% less for groceries, 6.1% more for utilities, and 7.3% less for transportation.
How does Waco, TX compare to other nearby cities and neighborhoods?
Use the tool below to compare Waco, TX to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,043/month
$1,043/month
One Bedroom
$1,144/month
$1,144/month
Two Bedroom
$1,295/month
$1,295/month
Three Bedroom
$1,263/month
$1,263/month
Apartment communities in Waco we think you'll love
Property Management Companies in Waco, TX
TAM Residential
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64
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17,012
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38
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Greystar
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3,217
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893,454
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RPM
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620
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163,328
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235
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The Cantrell Company
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23
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Dti Investments, Inc
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35
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6,136
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11
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Tarantino
-
62
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-
11,510
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36
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2 Communities in Waco
Vicinia Property Management
-
32
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-
3,339
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-
21
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2 Communities in Waco
Devonshire Real Estate and Asset Management
-
18
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-
3,861
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.