Rent in Waco, TX
Across Waco's 15 ZIP codes, a 2-bedroom typically rents for about $1,297 a month, with figures from $851–$1,605. The highest typical rent is in 76711 ($1,605) and the lowest in 76704 ($851). 8 ZIPs have ZIP-level figures from HUD or Census; the other 7 use the county Fair Market Rent. Owner-occupied homes in McLennan County pay about 1.42% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $903 | $735–$903 | 15 |
| 1 bed | $1,029 | $688–$1,310 | 15 |
| 2 beds | $1,297 | $851–$1,605 | 15 |
| 3 beds | $1,693 | $1,178–$1,693 | 15 |
| 4 beds | $1,705 | $1,233–$1,705 | 15 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Waco ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Waco, TX?
- About $1,297 a month: the median of the typical rents in 15 ZIP codes, which range from $851–$1,605. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Waco, TX?
- About $1,029 a month: the median of the typical rents in 15 ZIP codes, which range from $688–$1,310. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Waco, TX?
- About $1,693 a month: the median of the typical rents in 15 ZIP codes, which range from $1,178–$1,693. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Waco, TX?
- About $903 a month: the median of the typical rents in 15 ZIP codes, which range from $735–$903. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Waco, TX?
- About $1,705 a month: the median of the typical rents in 15 ZIP codes, which range from $1,233–$1,705. Figures are gross rent (rent plus tenant-paid utilities).
- Which Waco ZIP code has the highest rent?
- For a 2-bedroom, 76711 has the highest typical rent at $1,605 a month, and 76704 the lowest at $851.
- What is the property tax rate in Waco, TX?
- Owner-occupied homes in McLennan County pay a typical 1.42% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Waco rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).