The Dr Pepper Museum is in the original bottling plant built in 1906.
The Hippodrome Theater is located in Downtown Waco
A mammoth fossil at the Waco Mammoth National Monument

Waco, TX Area Guide

Avg Rent

$1,093

Population

153,923

Renter Mix

55% Rent

A historic hub in the heart of Texas gains newfound fame

Suburban River Historic

Where Dr Pepper was born, Baylor cheers ring out, and the Brazos River ties it all together, Waco blends small-city Texas charm with a cultural cachet. Roughly halfway between Dallas and Austin -- about 90 miles from each -- this McLennan County seat offers a smaller-town atmosphere without the price tag of a major metro. Tree-lined Castle Heights, the walkable streets surrounding Baylor University, and the residential communities of Woodway each offer their own pace of daily life, from quiet evenings on the porch to weekend afternoons at Magnolia Market at the Silos downtown.

The rental stock covers a wide range of styles and price points. Downtown and the Baylor corridor feature mid-century bungalows converted into rentals, historic apartment communities, and newer loft-style units. Farther out, townhomes and spacious ranch-style houses fill the neighborhoods near Woodway and along the Lake Waco shoreline, while high-rise options provide walkable access to campus or the river.

Baylor University, the oldest continually operating university in Texas, anchors the local economy alongside major healthcare systems, and its roughly 20,000 students swell the population each fall -- homecoming weekend alone draws more than 40,000 people to the city. Healthcare, higher education, and manufacturing form the backbone of Waco's job market, and the city's affordability makes it an accessible landing spot for anyone relocating to Central Texas.

Explore the City

The Dr Pepper Museum is in the original bottling plant built in 1906.

The Hippodrome Theater is located in Downtown Waco

A mammoth fossil at the Waco Mammoth National Monument

Built in 1901, the McLennan County Courthouse is a National Historic Landmark

Demographics

Median Household Income

$49,750

Average: $69,149

Education

34,734

Residents Have a Degree

Job Market

71,309

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

32 Years

Largest Age Group

20-29 Years

Approximately 20% of Residents

Under 20

27%

Over 65

14%

Housing Distribution

Waco has more renters than homeowners.

Renters
55%
Non-Renters
45%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
17%
Other Education
83%

Rent Trends

As of September 2026, the average apartment rent in Waco, TX is $1,011 for a studio, $1,093 for one bedroom, $1,400 for two bedrooms, and $1,495 for three bedrooms. Apartment rent in Waco has increased by 3.3% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,093/month
668 Sq Ft
House
$1,763/month
1,364 Sq Ft
Condo
$1,358/month
888 Sq Ft
Townhome
$1,310/month
1,238 Sq Ft
See Rental Market Trends in Waco, TX

Cost of Living

The cost of living in Waco, TX is 9.9% lower than the national average. Generally, housing in Waco is 19.9% less expensive than the national average, with rent falling between $1,011 - $1,495. You can expect to pay 7.9% less for groceries, 0.5% less for utilities, and 9.4% less for transportation.

Compare Cities

$

Learn More About Waco

Getting Around

Fairly Walkable

Walkability

40 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

South Bosque Elementary School

Public

Grades PK-5

578 Students

Woodway Elementary School

Public

Grades PK-5

541 Students

China Spring Elementary School

Public

Grades K-5

613 Students

Chapel Park Elementary

Public

Grades PK-5

532 Students

Speegleville Elementary School

Public

Grades PK-5

226 Students

Lake Air Montessori School

Public

Grades PK-8

733 Students

Gholson School

Public

Grades PK-12

263 Students

Bosqueville Middle

Public

Grades 6-8

183 Students

Tennyson Middle

Public

Grades 6-8

999 Students

Tennyson Middle School

Public

Grades 6-8

999 Students

Midway High School

Public

Grades 9-12

2,684 Students

Bosqueville High School

Public

Grades 9-12

227 Students

Paul And Jane Meyer Public High School

Public

Grades 9-12

233 Students

Gholson School

Public

Grades PK-12

263 Students

Premier High School Of Waco

Public

Grades 9-12

125 Students

Points of Interest

Parks and Recreation

  • Cameron Park Zoo
  • Cameron Park
  • Carleen Bright Arboretum
  • Mayborn Museum
  • Waco Mammoth Site

Commuter Rail

Military Bases

Airports

  • Waco Regional

Top Apartments in Waco

Houses for Rent in Waco

Living in Waco

History

-

Centuries before Waco was platted, the Wichita people known as the Waco occupied the land along the Brazos River, giving the city its name. A small agricultural community took root in the mid-1800s, and by 1870 the city had built one of the first suspension bridges west of the Mississippi -- a structure still standing and still walkable today. Baylor University, chartered in 1845, added an academic anchor to the growing town, and the Dr Pepper Museum now commemorates the drink's 1885 Waco origins for anyone curious about the soda's local birthplace.

The Texas Sports Hall of Fame keeps sports history front and center, while the Waco Mammoth National Monument preserves Ice Age fossil discoveries just a short drive from downtown. Visitors and new residents alike tend to be surprised by how much layered history fits into a city of this size.

Restaurants

-

Downtown and the Baylor corridor are where most of Waco's restaurant energy concentrates. Coffee shops, craft breweries, distilleries, and casual pubs line the streets near campus, while independent restaurants cluster in the walkable blocks around downtown. The scene leans heavily toward comforting plates.

Local food culture has a Texas barbecue backbone, and fast-casual spots along I-35 near campus have earned a strong following among longtime residents. Food-related events tied to the Heart O' Texas Fair and Rodeo each October bring additional vendors and local producers into the spotlight.

Transportation

-

Interstate 35 is the main artery through Waco, connecting the city to Dallas about 90 miles north and Austin about 90 miles south, and it serves as the dividing line between the Baylor campus and downtown. West Waco Drive, also known as Highway 84, runs the full length of the city, reaching north into Bellmead and south into Woodway. Waco Regional Airport, roughly 16 minutes from the city center, offers daily American Airlines service to Dallas-Fort Worth for residents who need to skip the highway drive.

The Waco Transit System operates 10 bus routes across the city, though long wait times make it less practical for daily commuting. Downtown itself is one of the more walkable parts of the city, and bike infrastructure is concentrated around the Baylor campus and along the river, with some lanes extending into the downtown core. For Amtrak access, the McGregor station sits about 23 minutes away.

Parks

-

Cameron Park spreads across 416 acres just minutes from the city center, offering limestone cliffs, scenic overlooks, and miles of hiking and biking trails that follow the natural contours of the land. Cameron Park Zoo sits alongside the park, and as the trails near the zoo, whimsical animal sculptures appear along the waterfront. The seven-mile Brazos River Riverwalk extends through the heart of the city with dedicated bike lanes and pedestrian paths on both sides of the water, making it easy to cover a lot of ground without a car.

West of downtown, Lake Waco covers more than 8,000 acres and is ringed by shoreline parks suited to boating, fishing, and picnicking. The Waco Mammoth National Monument, an Ice Age fossil site operated by the National Park Service, sits about 11 minutes from the city center. The Carleen Bright Arboretum rounds out the green-space options for anyone drawn to gardens and native plantings.

Cost

-

Waco's overall cost of living runs about 9.9 percent below the national average, with housing costs roughly 19.9 percent below average and grocery and transportation expenses also coming in noticeably lower. Healthcare costs run slightly above the national average, which is worth factoring into a monthly budget. Rents across the city span a common range of $1,015 to $1,513, and one-bedroom apartments average meaningfully below the Texas statewide average, giving Waco a real affordability advantage over larger metros along the I-35 corridor.

Shopping

-

Magnolia Market at the Silos anchors downtown shopping, drawing visitors and residents alike to its boutique-style stores stocked with home decor and gifts. The surrounding blocks have filled in over time with independent shops within easy walking distance of the river.

Along I-35 and North Valley Mills Drive, the Parkdale Viking Hills and Richland Hills neighborhoods near Woodway host a cluster of malls and shopping centers for everyday needs. Hillcrest Shops and Village Green Center sit just minutes from the city center, while the H-E-B grocery chain, a sponsor of the Heart O' Texas Fair and Rodeo, serves as a household staple throughout the area.

Highlights

-

From the Dr Pepper Museum and the Waco Mammoth National Monument to Cameron Park's limestone trails and the seven-mile Brazos River Riverwalk, Waco packs a surprising amount of history, outdoor recreation, and cultural attraction into an affordable, well-positioned Central Texas city anchored by Baylor University and the landmark Magnolia Market at the Silos.

Search Nearby Rentals

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 September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.