How many apartments are available in Downtown Waco on Rentable.co?

Rentable.co has over 125 apartments available near Downtown Waco.

What is the average rent for a one-bedroom apartment in Downtown Waco?

The average rent for a one-bedroom apartment near Downtown Waco is around $895 per month.

What is the average rent for a two-bedroom apartment in Downtown Waco?

The average rent for a two-bedroom apartment near Downtown Waco is around $1,195 per month.

How many apartments are available in Waco, TX on Rentable.co?

Rentable.co has over 4,088 apartments available in Waco.

What is the average rent for a studio apartment in Waco, TX?

The average rent for a <a href='/waco-tx/studio-apartments-for-rent' >studio apartment</a> in Waco is around $1,950 per month.

What is the average rent for a one-bedroom apartment in Waco, TX?

The average rent for a <a href='/waco-tx/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Waco is around $1,000 per month.

What is the average rent for a two-bedroom apartment in Waco, TX?

The average rent for a <a href='/waco-tx/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Waco is around $1,190 per month.

How expensive is it to rent an apartment in Waco, TX?

For a two-bedroom apartment in Waco, the average rent price is $1,190 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Waco, TX?

Based on average rent prices in Waco, to afford a <a href='/waco-tx/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $78,000 to live comfortably.

Apartments in Downtown Waco

Waco:
December Rent Report

Welcome to the December 2024 Waco Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Waco rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Waco and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Waco average rent prices in the chart below.

Monthly Rent Report

$1,300

$980

$650

$330

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Waco Rent Prices Decrease From November to December

Waco rent prices decreased over the last month. From November to December, the city experienced a -1.41% decrease for the price of a one-bedroom apartment. The rent price for a Waco one-bedroom apartments currently stands at $911.0.

When we take a look at the two-bedroom comparison from November to December, Waco experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Waco two-bedroom apartments currently stands at $1,193.0.

December Prices: Waco vs. Surrounding Areas

Waco, TX

$924

$350

$700

$1,050

$1,400

Median 1 BR Rent

Rent Prices in Waco and Surrounding Areas

Rent prices have decreased in Waco over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Waco suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Waco suburbs
Rents did not decrease in any of the Waco suburbs.

December 2024 Pricing Trends: Waco vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Waco, TX

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$924

$1,350

$2,700

$4,050

$5,400

Median Rent

Waco Rent Prices More Affordable Than Major Cities

Rent growth in Waco over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Waco average rent prices appear to be relatively affordable for local residents.

The price for a Waco one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Waco and surrounding area rent prices, take a look at the complete data set below.

Data set for Waco and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Waco, TX	$924.0	-3.04%	$1,193.0	0.00%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.