Virtu on Bagby Ave
6901 Bagby Ave,
Waco, TX 76712
$1,099 - $1,930
1-3 Beds
Rental Market Trends in Waco, TX
What is the average rent in Waco, TX?
$1,076/month
Average Rent
670 Sq Ft
Average Apartment Size
-0.2%
Decrease in the Last Year
Waco, TX Rental Market Overview
The average rent in Waco, TX is $1,076 per month. This is 35% lower than the national average rent of $1,644/month, making renting in Waco more affordable than most cities in the US.
- Studio apartments in Waco average $1,003 per month.
- One-bedroom apartments in Waco average $1,076 per month.
- Two-bedroom apartments in Waco average $1,385 per month.
- Three-bedroom apartments in Waco average $1,546 or more per month.
Data Updated: June, 2026
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 decreased by 0.2%, which averages out to $2 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025
2026
Rent Ranges in Waco, TX
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
17%
Below $700/month
24%
$700 - $1,000/month
41%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
4%
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 $1,076, you’ll want to make about $3,586 per month or $43,032 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 9.7% lower than the national average. Generally, housing in Waco is 19.3% less expensive than the national average, with rent falling between $1,003 - $1,546. You can expect to pay 8.1% less for groceries, 0.1% more for utilities, and 9.7% 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
$1,059/month
$1,059/month
One Bedroom
$1,185/month
$1,185/month
Two Bedroom
$1,614/month
$1,614/month
Three Bedroom
$1,347/month
$1,347/month
Nearby City Rent Trends
Apartment communities in Waco we think you'll love
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TAM Residential
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81
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22,324
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Greystar
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969,710
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RPM
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663
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184,134
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Case & Associates
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70
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The Cantrell Company
-
25
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-
2,721
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-
16
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3 Communities in Waco
DTI Investments
-
35
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-
6,136
Units
-
11
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3 Communities in Waco
Northland
-
79
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-
24,414
Units
-
45
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2 Communities in Waco
FDI Management Group
-
56
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-
5,447
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-
42
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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 June 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.