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Updated 1 hour ago

The Madison - Downtown Waco


1307 Austin Ave Unit 501 Waco, TX

1 - 2 Bed
•
1 - 2 Bath

663 - 1,122 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,295
682 ft2
1 Available
Managed By: Shamrock Property Management
-
$1,295
Available Now
View
1 Bed • 1 Bath
$Ask
680 ft2
1 Available
Managed By: Turner Behringer Property Management
Waco, TX - Floor Plan A Available
$Ask
Available: Ask
View
View Rented Units
1 Bed • 1 Bath
$1,080
682 ft2
2 Available
Managed By: Turner Behringer Property Management
Waco, TX - Floor Plan C Available
$Ask
Available: Ask
View
Waco, TX - Apartment - $1,080.00 Available June 2025
$1,080
Available: Ask
View
View Rented Units
1 Bed • 1 Bath
$1,050
679 ft2
1 Available
Managed By: Turner Behringer Property Management
Waco, TX - Apartment - $1,050.00 Available April 2025
$1,050
Available: Ask
View
View Rented Units
1 Bed • 1 Bath
$1,150
663 ft2
1 Available
Managed By: Turner Behringer Property Management
Waco, TX - Apartment - $1,200.00 Available January 2022
$1,150
Available: Ask
View
View Rented Units
View More
2 Beds • 2 Bath
$Ask
1017 ft2
1 Available
Managed By: Turner Behringer Property Management
Waco, TX - Floor Plan B Available
$Ask
Available: Ask
View
View Rented Units
2 Beds • 2 Bath
$Ask
1122 ft2
1 Available
Managed By: Turner Behringer Property Management
Waco, TX - Floor Plan D Available
$Ask
Available: Ask
View
View Rented Units
2 Beds • 2 Bath
$1,450
1013 ft2
1 Available
Managed By: Turner Behringer Property Management
Waco, TX - Apartment - $1,450.00 Available December 2025
$1,450
Available: Ask
View
View Rented Units
2 Beds • 2 Bath
$1,395
1013 ft2
1 Available
Managed By: Shamrock Property Management
-
$1,395
Available Now
View
2 Beds • 2 Bath
$1,495
1122 ft2
1 Available
Managed By: Shamrock Property Management
-
$1,495
Available Jan 15th, 2026
View
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Where you'll live
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The Madison - Downtown Waco
The Madison - Downtown Waco
The Madison - Downtown Waco
Amenities
Refrigerator
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Property details
Description

Located on Austin Ave in the heart of downtown Waco, The Madison was first built in 1923 as a hotel and fully renovated in 2019. Offering the best of urban living, the apartments feature granite countertops, fully-equipped kitchens, luxury vinyl plank flooring, in-unit washers and dryers, gated parking, and controlled access. Apartments range from 542 to 1183 square feet. Cable and internet is included for a flat fee of $75 per month.
Unit 501 is a corner unit that has a stackable washer/dryer and offers stunning views of Austin Avenue Methodist Church from the living room and bedroom!

Additional Details
Total Unit Count: 1
Last Updated: Updated 1 hour ago
Contact Number: (254) 342-8554
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Radiate Holdings, LP 1000.0 50.0
Charter Communications 940.0 35.0
Radiate Holdings, LP 600.0 35.0
ViaSat, Inc. 100.0 3.0
AMG Technology Investment Group LLC 50.0 10.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Madison - Downtown Waco by bedroom type below.
1 Bedroom
Suggested income:
$46,600
per year
Rent report

The Madison - Downtown Waco Rent vs. Waco Average

 The Madison - Downtown Waco      Waco Average
1BR
$1,295
$1,037
$0
$450
$900
$1,350
$1,800

The Madison - Downtown Waco is asking 25% more than the average 1 bedroom apartment in Waco.

If you upsized to an average priced Waco 2 bedroom apartment, you would pay 15% more per month.

If you downsized to an average priced Waco studio apartment, you would pay 9% more per month.

The Madison - Downtown Waco provides 4% more square footage than the average Waco 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Madison - Downtown Waco
1BR $1,295 $1.90 $3,885
Waco Average
Studio $1,135 $3.60 $3,404
1BR $1,037 $1.60 $3,111
2BR $1,226 $1.30 $3,679
3BR $1,551 $1.20 $4,653
4BR $1,939 $1.30 $5,817

Availability in Waco

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 200 2BR units on the market in Waco. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 26% 35% 21% 13%
Available Units in Waco
Studio 24
1BR 146
2BR 200
3BR 121
4BR 75
Location
Nearby Colleges

Baylor University

Mclennan Community College

Texas State Technical College

Campus Buildings and Attractions
Distance Walking Biking Driving
Baylor Libraries 1.9 mi 36 min 13 min 5 min
Russell Gymnasium 1.9 mi 36 min 14 min 5 min
Nearby Hospitals
Name Distance
Doris Miller Department Of Veterans Affairs Medical Center 3.05 mi.
Ascension Providence Health Center 4.33 mi.
Baylor Scott & White Medical Center Hillcrest 4.35 mi.
Nearby Fire Stations
Name Distance
Waco Fire Department 0.25 mi.
Beverly Hills Department Of Public Safety 1.81 mi.
Lacy Lakeview Fire Department 2.14 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 682 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
The Madison - Downtown Waco has a 1 bedroom unit starting at $1,295.
Where is this property located?
This property is at 1307 Austin Ave Unit 501 in Waco, TX. It's 0.7 miles north from the center of Waco.
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