Rental market snapshot for Waco, Texas

Waco, Texas Rental Property Market Overview

Waco, Texas is a vibrant city located in McLennan County. With a population of 139,594 as of 2021, according to the US Census, Waco is a bustling city with plenty to offer. It is home to a variety of attractions, including the Dr. Pepper Museum, the Waco Mammoth National Monument, and the Texas Ranger Hall of Fame and Museum. The city also boasts a vibrant nightlife, with plenty of restaurants, bars, and entertainment venues. Waco is a great place to live, work, and play.

The average rent for an apartment in Waco is $1,150. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -13.6% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Waco Texas | Cost of Living

  • The most expensive ZIP Code in Waco is 76706 with an average price of $1,490
  • The cheapest ZIP Code in Waco is 76707 with an average price of $935

Waco ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
176706$1,490
276707$1,195

Live near Waco, Texas's Top Sights and Attractions

Cameron Park is a large, scenic park located in Waco, Texas. It offers a variety of outdoor activities, including hiking, biking, and picnicking. There are also several scenic overlooks, a lake, and a suspension bridge. The park is home to a variety of wildlife, including deer, foxes, and birds. It is a popular spot for locals and visitors alike, and is a great place to spend a day outdoors.

Council Acres Park is a sprawling outdoor recreation area located in Waco, Texas. It features a variety of amenities, including a large lake, a playground, a disc golf course, a picnic area, and a walking trail. The lake is stocked with fish, and visitors can rent boats and fishing gear to enjoy a day of fishing. The playground is equipped with swings, slides, and other play structures, and the disc golf course is a great way to spend an afternoon. The picnic area is perfect for a family gathering, and the walking trail is a great way to get some exercise and enjoy the outdoors.

Mayborn Museum Complex is an interactive museum and educational center located in Waco, Texas. It features a variety of exhibits, activities, and programs that explore the natural and cultural history of the region. The museum has a variety of interactive exhibits, including a life-size replica of a 19th century Texas fort, a dinosaur dig, a hands-on science lab, and a planetarium. The complex also features a variety of educational programs, such as lectures, workshops, and field trips. Visitors can also explore the museum's outdoor gardens and trails.

Jaycee Park is a beautiful outdoor space located along the banks of the Brazos River. It features a variety of recreational activities, including a large playground, picnic areas, walking trails, and a disc golf course. The park also has a boat ramp, allowing visitors to launch their boats and explore the river. With its lush green grass, mature trees, and stunning views of the river, Jaycee Park is a great place to spend a day outdoors.

Alico Building is a historic building located in Waco, Texas. Built in 1891, the building is a three-story brick structure with a distinctive red brick façade. Inside, visitors can explore the building's many features, including its ornate interior, original woodwork, and stained glass windows. The building also houses a museum, which features artifacts from Waco's past, as well as a gift shop. Visitors can also take a guided tour of the building, which offers a unique glimpse into the city's history.

Brazos Park East is a sprawling park located along the banks of the Brazos River. It features a variety of outdoor activities, including walking trails, fishing, and a disc golf course. There are also picnic areas, playgrounds, and a large pavilion for events. The park is a great spot for a family outing or a romantic stroll.

Strecker Museum Governor Bill And Vara Daniel Historic Village is an outdoor living history museum located in Waco, Texas. It features a collection of 19th century buildings, including a general store, a blacksmith shop, a schoolhouse, a church, a doctor's office, and a log cabin. Visitors can explore the buildings, watch demonstrations of traditional crafts, and learn about the history of the area. The museum also hosts a variety of special events throughout the year, such as a Fourth of July celebration and a Christmas festival.

Mayborn Museum is a family-friendly attraction that offers interactive and educational exhibits. Visitors can explore a variety of topics, such as natural history, science, and culture. The museum also features a planetarium, a butterfly garden, and a replica of a 19th-century Texas town. Other attractions include a life-size replica of a Cretaceous-era dinosaur, a hands-on discovery room, and a variety of interactive exhibits.

Mountainview Park is a scenic outdoor destination located in Waco, Texas. It features a large lake surrounded by lush green grass and tall trees, providing a peaceful and tranquil atmosphere. Visitors can take a leisurely stroll along the lake's edge, or explore the many trails that wind through the park. There are also picnic tables and grills available for visitors to enjoy a meal outdoors. The park also offers a variety of activities, such as fishing, boating, and disc golf. With its stunning views and abundance of activities, Mountainview Park is a great place to spend a day outdoors.

Mcculloch House Museum is a historic house museum located in Waco, Texas. It was built in 1868 by the prominent McCulloch family and is one of the oldest surviving homes in the city. The house is a two-story Victorian-style home with a wrap-around porch and a large balcony. Inside, visitors can explore the home's original furnishings and artifacts, as well as learn about the history of the McCulloch family. The museum also offers guided tours, educational programs, and special events throughout the year.

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Waco, Texas area median rent change by ZIP Code map

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How does Waco compare to other cities in Texas ?

citymedian price
Joshua$1,900
Liberty Hill$2,175
Mc Kinney$1,885
Kaufman$1,350
Waco$1,385
Murphy$2,335

Average household income in Waco area graph - US Census

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The median household income in Waco in 2021 was $40,349. This represents a 26.2% change from 2011 when the median was $31,971.

#categorypercent
0Less than $10,00012.5%
1$10,000 to $14,9996.7%
2$15,000 to $19,9997.3%
3$20,000 to $24,9996.3%
4$25,000 to $29,9995.7%
5$30,000 to $34,9996.3%
6$35,000 to $39,9994.9%
7$40,000 to $44,9995.4%
8$45,000 to $49,9994.1%
9$50,000 to $59,9996.9%
10$60,000 to $74,9997.1%
11$75,000 to $99,9999.9%
12$100,000 to $124,9996.8%
13$125,000 to $149,9993.1%
14$150,000 to $199,9993.7%
15$200,000 or more3.5%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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