Homes & Apartments for Rent in Waco, TX 76705

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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 October 2026, Waco's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waco's average rent is 16.5% ($240) lower than the Texas average of $1,457 and 33.1% ($602) lower than the U.S. average of $1,819.

Average Rent
$1,217
Monthly ChangeMonth Over Month Change
Decreased3.8% ($48)
Yearly ChangeYear Over Year Change
Decreased5.8% ($75)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $928 Increased4.4% ($39) Decreased6.4% ($63)
2 Beds $1,172 Decreased0.6% ($7) Decreased1.9% ($23)
3 Beds $1,403 Decreased1.1% ($16) Decreased7.2% ($109)
Nearby Cities Average Rent Avg. Rent vs. WacoAverage Rent vs. Waco Avg. Days on MarketAverage Days on Market
Woodway $1,739 Increased42.9% ($522) 30 days
Hewitt $1,684 Increased38.4% ($467) 30 days
Lorena $1,630 Increased33.9% ($413) 34 days
McGregor $1,137 Decreased6.6% ($80) 33 days
Mart $1,231 Increased1.2% ($14) 34 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 $1,217 per month.
Homes in Waco typically rent for between $650 and $1,824 per month, with an average of $1,217 per month.
In Waco, the average rent for a 1-bedroom home is $928 per month, for a 2-bedroom home, $1,172 per month, and a 3-bedroom home is $1,403 per month.
The average rent in Waco is 33.1% ($602) lower than the national average of $1,819 per month.
The average rent in Waco has decreased by 3.8% ($48) in the last month and decreased by 5.8% ($75) over the past year.
The rental market in Waco, TX, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Waco, TX, the average rental stays on the market for approximately 31 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 246 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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