StayRentalsStayRentals

Affordable apartments in Waco, Texas

17 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

14 lihtc2 section 81 section 202

Buildings

SOUTH TERRACE

LIHTC
100 KENNEDY CIRCLE, WACO, TX, 76706
Income-restricted units
250 of 250
Year placed in service
9999
Bedroom mix
68 1BR · 94 2BR · 64 3BR · 24 4+BR

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

VILLAS OF LAKE BRAZOS

LIHTC
1601 SPRING ST, WACO, TX, 76704
Income-restricted units
200 of 200
Year placed in service
1995
Bedroom mix
32 1BR · 72 2BR · 96 3BR

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

RIVERSIDE APARTMENTS (HAP/221D4)

Section 8
1738/1740/1742 DALLAS CIRCLE, Waco, TX, 76704
Income-restricted units
152 of 152
Year placed in service
Not reported

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

BRAZOS VILLAGE APTS

LIHTC
2525 E LAKE SHORE DR, WACO, TX, 76705
Income-restricted units
144 of 144
Year placed in service
1999
Bedroom mix
60 2BR · 44 3BR · 40 4+BR

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

North Crest Court (related R4P)

Section 8
4200 N 19th St, Waco, TX, 76708
Income-restricted units
120 of 120
Year placed in service
Not reported

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

North Crest Court (related R4P)

Section 202
4200 N 19th St, Waco, TX, 76708
Income-restricted units
120 of 120
Year placed in service
Not reported

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

COSTA ESMERALDA

LIHTC
1516 GURLEY LN, WACO, TX, 76706
Income-restricted units
112 of 112
Year placed in service
2011
Bedroom mix
8 1BR · 56 2BR · 40 3BR · 8 4+BR

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

COTTAGES OF OAK SPRINGS

LIHTC
1900 WOODGATE DR, WACO, TX, 76712
Income-restricted units
100 of 144
Year placed in service
1996
Bedroom mix
40 1BR · 88 2BR · 16 3BR

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

DRIPPING SPRINGS SENIOR VILLAGE

LIHTC
2405 J J FLEWELLEN RD, WACO, TX, 76704
Income-restricted units
85 of 100
Year placed in service
2005
Bedroom mix
64 1BR · 36 2BR

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

RESIDENCES AT LAKE WACO

LIHTC
1700 W STATE HWY 6, WACO, TX, 76712
Income-restricted units
79 of 114
Year placed in service
9999

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

BARRON'S BRANCH

LIHTC
817 COLCORD AVE., WACO, TX
Income-restricted units
77 of 92
Year placed in service
2015

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

AVANTI VIKING HILLS

LIHTC
6501 & 6515 SANGER AVE, WACO, TX, 76710
Income-restricted units
69 of 82
Year placed in service
9999

Estimated total housing cost: $1,038 rent + $171 utilities = $1,209/mo

Contact property management for current availability. Waitlists may apply.

Showing 12 of 17. Open any pin on the map below for the rest.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

Loading map…

Energy costs in Texas

Residential electricity in Texas runs about 15.61¢/kWh, with a typical monthly residential electric bill near $171. Natural gas runs about $25.41/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Waco, TX

Metro-level
BedroomsLocal FMRNational median
Studio$882n/a
1 bedroom$986n/a
2 bedroom$1,038$1,502
3 bedroom$1,349n/a
4 bedroom$1,557n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : McLennan County, TX

Waco, TX. FY2025. Area median income: $89,600.

Household size30% AMI50% AMI80% AMI
1 person$18,700$31,100$49,800
2 people$21,350$35,550$56,900
3 people$26,650$40,000$64,000
4 people$32,150$44,450$71,100
5 people$37,650$48,050$76,800
6 people$43,150$51,550$82,500
7 people$48,650$55,100$88,200
8 people$54,150$58,650$93,900

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Texas cities

See all affordable-rental cities in Texas

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Waco cost-of-living and Fair Market Rent overview