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1307 Austin Ave #503

Waco, TX 76701 - McLennan County

Apartment

2 beds

2 baths

1,122 sqft

Cats & dogs OK

In-unit laundry

About 1307 Austin Ave #503

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 503 is a corner unit on the top floor offering the largest floor plan in the building and fantastic views of downtown and beyond. Amenities: Waco ISD, Central heat, One year lease, No Section 8 & Water And Trash (billed For Usage).

46 days on RentalSource

RentalSource last checked: 20 hours ago · Listing updated: October 25, 2026

Managed by: Shamrock Property Management · (254) 342-8554

Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type:	Apartment
Rental Fee:	$1,450
Bedrooms:	2 beds
Bathrooms:	2 baths
Size:	1,122 sqft

Pets:	Cats & dogs
Laundry:	In unit
Parking:	Yes
Available:	Now
ID:	84396231

Amenities

Washer/Dryer In Unit
Air Conditioning
Parking
Dishwasher
Cable/Satellite TV
Controlled Access
Granite/Quartz Countertops
High-Speed Internet
Microwave
Refrigerator
Smoke-Free
Vinyl/Laminate Floors

Leasing Information

Fees

Deposit $1,250 (mandatory, refundable, move-in).
Cable TV internet services $75 (mandatory, nonrefundable, monthly).

Additional Details

This 2-bedroom, 2-bathroom apartment at 1307 Austin Ave #503 in Waco, TX 76701 rents for $1,450 a month. It has 1,122 square feet and is pet friendly. 1307 Austin Ave #503 was advertised by Shamrock Property Management on September 16, 2026.

How the Rent Compares

At $1,450 a month, this apartment is above the typical rent for 2-bedroom apartments and condos in Waco (about $1,200).

From 44 two-bedroom apartments and condos listed in Waco on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.

$1,200Typical rent for 2-bedroom apartments and condos in Waco

$1,040–$1,410Middle half of their rents

27 daysAverage time they have been listed

See 2+ bedroom rentals in Waco

Affordability Calculator

Can I afford to live at 1307 Austin Ave #503?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

10% Recommended 50%

Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.

Recommended income

$58,000 /year

With your chosen rent-to-income ratio, an annual income of $58,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,450 per month.

For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.

Apartment for rent

$1,450

$1,525/mo with required fees

Deposit $1,250 · All fees

Can I afford this home?

Interested in 1307 Austin Ave #503?

Find out more about this property & see if it's available now.

Property managed by:

Shamrock Property Management

(254) 342-8554 · View all 22 rentals

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