Virtu on Bagby
6901 Bagby Ave,
Waco, TX 76712
1-3 Beds | $1,205 - $1,955
Rental Market Trends in Waco, TX
Updated September 2026
The average rent in Waco, TX is $1,093/month.
Rent in Waco is 34% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$1,093/month
Average Rent
668 Sq Ft
Average Size
+3.6%
Change / Year
1,178
Available Apartments
Waco rent varies by unit size and layout:
- Studio apartments in Waco average $1,016 per month.
- One-bedroom apartments in Waco average $1,093 per month.
- Two-bedroom apartments in Waco average $1,404 per month.
- Three-bedroom apartments in Waco average $1,510 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Waco, TX?
In the past year, rent has increased by 3.6%, which averages out to $40 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Waco, TX
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
22%
$700 - $1,000/month
46%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
4%
Above $2,000/month
Rent by Neighborhood
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 $1,093, you’ll want to make about $3,643 per month or $43,716 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 9.9% lower than the national average. Generally, housing in Waco is 19.9% less expensive than the national average, with rent falling between $1,016 - $1,510. You can expect to pay 7.9% less for groceries, 0.5% less for utilities, and 9.4% 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.
View the Waco Area GuideStudio
$1,076/month
$1,076/month
One Bedroom
$1,177/month
$1,177/month
Two Bedroom
$1,595/month
$1,595/month
Three Bedroom
$1,315/month
$1,315/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Waco?
The average rent in Waco is $1,093 per month, which is 34.3% lower than the national average of $1,664.
What is the average rent for a house in Waco?
The average rent for a house in Waco, TX is $1,763 per month.
What is the average rent for a townhome in Waco?
The average rent for a townhome in Waco, TX is $1,246 per month.
What is the average rent for a condo in Waco?
The average rent for a condo in Waco, TX is $1,497 per month.
Are rents going up or down in Waco?
Rents in Waco, TX are increasing, with prices up 3.6% year-over-year and $40 more per month.
What rent range is most common in Waco?
In Waco, TX, 46% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.