Virtu on Bagby Ave
6901 Bagby Ave,
Waco, TX 76712
1-3 Beds | $1,295 - $1,795
Rental Market Trends in Waco, TX
What is the average rent in Waco, TX?
$1,028/month
Average Rent
664 Sq Ft
Average Apartment Size
+0.7%
Increase in the Last Year
As of December 2024, the average rent in Waco, TX is $1,028 per month. This is 34% lower than the national average rent of $1,560/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 $949 per month for a studio, $1,028 for a one-bedroom apartment, and around $1,254 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,370 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 0.7%, which averages out to $8 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 December 2024
Legend
2023
2024
Rent Ranges in Waco, TX
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
26%
$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, Waco & Killeen and Downtown Waco" are the most affordable neighborhoods in Waco.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Waco?
Based on current rent prices, Downtown Waco and Waco & Killeen" are the most expensive neighborhoods in Waco.
Neighborhood
Average Rent
Average Sq Ft
Which Waco neighborhoods have the most rentals available?
The neighborhoods in Waco with the most apartments available are Waco & Killeen and 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 $1,028, you’ll want to make about $3,426 per month or $41,112 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.
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
$866/month
$1,045/month
One Bedroom
$1,035/month
$1,140/month
Two Bedroom
$1,272/month
$1,295/month
Three Bedroom
$1,522/month
$1,237/month
Nearby City Rent Trends
Apartment communities in Waco we think you'll love
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RPM
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623
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163,569
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239
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TAM Residential
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72
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18,369
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Greystar
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AMBO Properties
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23
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The Cantrell Company
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22
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2,571
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14
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Dti Investments, Inc
-
35
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6,136
Units
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11
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3 Communities in Waco
Tarantino
-
60
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10,323
Units
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36
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2 Communities in Waco
Vicinia Property Management
-
34
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3,576
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24
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Methodology
† 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.
* Percentages may not total 100 due to rounding.