Homes for Rent in Waco, TX

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What to Know About

Life in Waco & Beyond

Waco shares many of the great qualities that make Texas a desirable place to live.

Texas is a state known for its rich history, diverse culture, and abundant natural beauty. Learn the history and tradition of this place by visiting iconic sites like the Alamo, San Jacinto Monument, and the Texas State Capitol. Texas is also home to top-notch universities like the University of Texas at Austin, Texas A&M University, and Rice University. In addition, a blend of the energy, technology, and agriculture industries sustains a robust economy in Texas.

Texas offers a range of adventures, from scenic drives in the Hill Country to the beautiful beaches of South Padre Island. Sports fans can enjoy the Dallas Cowboys (NFL), Houston Texans (NFL), Dallas Stars (NHL), Houston Astros (MLB), Texas Rangers (MLB), Houston Rockets (NBA), San Antonio Spurs (NBA), and Dallas Mavericks (NBA) at venues like AT&T Stadium or Minute Maid Park, or cheer on the state's many fantastic college sports teams. In addition, make sure to take advantage of famous attractions like the Space Center Houston, the San Antonio Riverwalk, or the Fort Worth Stockyards.

With its thriving economy, affordable living, and welcoming communities, embrace the Lone Star State and see why Texas is such a great place to live.

Rental Market Trends

Waco, TX

As of August 2025, Waco's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Waco's average rent is 9.2% ($130) lower than the Texas average of $1,420 and 27.9% ($500) lower than the U.S. average of $1,790.

Average Rent
$1,290
Monthly ChangeMonth Over Month Change
Increased2.4% ($30)
Yearly ChangeYear Over Year Change
Decreased6.1% ($84)
Avg. Days on MarketAverage Days on Market
45
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $961 Increased2.2% ($21) Increased6.1% ($55)
2 Beds $1,172 Increased3.2% ($36) Decreased2.3% ($27)
3 Beds $1,569 Increased0.7% ($11) Decreased3.1% ($51)
Nearby Cities Average Rent Avg. Rent vs. WacoAverage Rent vs. Waco Avg. Days on MarketAverage Days on Market
Woodway $1,753 Increased35.9% ($463) 31 days
Hewitt $1,746 Increased35.3% ($456) 39 days
Lorena $1,688 Increased30.9% ($398) 42 days
McGregor $1,401 Increased8.6% ($111) 41 days
Marlin $713 Decreased44.7% ($577) 43 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waco Rental Market FAQs

Explore rental prices, market trends, and availability in Waco, TX.

The average rent in Waco, TX is $1,290 per month.
Homes in Waco typically rent for between $673 and $2,040 per month, with an average of $1,290 per month.
In Waco, the average rent for a 1-bedroom home is $961 per month, for a 2-bedroom home, $1,172 per month, and a 3-bedroom home is $1,569 per month.
The average rent in Waco is 27.9% ($500) lower than the national average of $1,790 per month.
The average rent in Waco has increased by 2.4% ($30) in the last month and decreased by 6.1% ($84) over the past year.
The rental market in Waco, TX, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Waco, TX, the average rental stays on the market for approximately 45 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 224 rental properties available in Waco, TX.
Based on the current averages, a household would need an annual income of $46,880 to comfortably afford a 2-bedroom home in Waco.
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