Median Age
32 Years
Largest Age Group
20-29 Years
Approximately 20% of Residents
Under 20
27%
Over 65
14%
Waco
Waco, TX Area Guide
Avg Rent
$1,043
Population
153,923
Renter Mix
55% Rent
A historic hub in the heart of Texas gains newfound fame
Suburban
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River
•
Historic
•
Quaint
•
Growing
•
College Town
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Affordable
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Living in Waco, Texas combines small-city comfort with metropolitan conveniences in Central Texas. Home to approximately 144,000 residents and Baylor University, the city maintains a welcoming atmosphere enriched by its academic presence. The rental market shows one-bedroom apartments averaging $1,030 monthly and two-bedroom units at $1,253. Notable areas include the tree-lined streets of Castle Heights, the walkable neighborhoods surrounding Baylor University, and the residential communities of Woodway.
Downtown Waco continues to evolve, with Magnolia Market at the Silos serving as a central attraction. The city's outdoor spaces include a seven-mile riverwalk along the Brazos River and Cameron Park's 416 acres of hiking trails and limestone cliffs. Local landmarks showcase the city's history, from the Dr Pepper Museum - commemorating the drink's 1885 Waco origins - to the Waco Mammoth National Monument's Ice Age discoveries. Entertainment options include performances at the restored Waco Hippodrome, exhibits at local art galleries, and the Texas Sports Hall of Fame. Located between Dallas and Austin, Waco provides easy access to major metropolitan areas while maintaining its distinctive character.
Explore the City
The Hippodrome Theater is located in Downtown Waco
The Dr Pepper Museum is in the original bottling plant built in 1906.
Built in 1901, the McLennan County Courthouse is a National Historic Landmark
A mammoth fossil at the Waco Mammoth National Monument
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.
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 April 2026, the average apartment rent in Waco, TX is $1,006 for a studio, $1,043 for one bedroom, $1,355 for two bedrooms, and $1,535 for three bedrooms. Apartment rent in Waco has decreased by -1.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,043/month
665 Sq Ft
House
$1,868/month
1,241 Sq Ft
Condo
$1,387/month
795 Sq Ft
Townhome
$1,729/month
1,057 Sq Ft
Cost of Living
The cost of living in Waco, TX is 9.7% lower than the national average. Generally, housing in Waco is 19.3% less expensive than the national average, with rent falling between $1,006 - $1,535. You can expect to pay 8.1% less for groceries, 0.1% more for utilities, and 9.7% less for transportation.
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Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Waco, TX is for everyday living.
Fairly Walkable
Walkability
40
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
China Spring Elementary School
Public
Grades K-5
677 Students
South Bosque Elementary School
Public
Grades PK-5
595 Students
Public
Grades PK-5
567 Students
Public
Grades PK-5
463 Students
China Spring Intermediate School
Public
Grades K-5
461 Students
Public
Grades PK-8
697 Students
Public
Grades 6-8
161 Students
Public
Grades PK-12
262 Students
Public
Grades 6-8
999 Students
Public
Grades 6-8
840 Students
Public
Grades 9-12
2,648 Students
Public
Grades 9-12
218 Students
Paul And Jane Meyer Public High School
Public
Grades 9-12
211 Students
Public
Grades PK-12
262 Students
Public
Grades 9-12
156 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
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
Property Management Companies in Waco, TX
TAM Residential
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83
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22,529
Units
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52
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4 Communities in Waco
RPM
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654
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180,071
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260
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3 Communities in Waco
Case & Associates
-
70
Communities
-
21,163
Units
-
22
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3 Communities in Waco
The Cantrell Company
-
25
Communities
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2,672
Units
-
15
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3 Communities in Waco
DTI Investments
-
35
Communities
-
6,136
Units
-
11
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3 Communities in Waco
Greystar
-
3,489
Communities
-
960,008
Units
-
891
Cities
2 Communities in Waco
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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 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.