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Low Income Apartments for Rent in Waco, TX
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2 BEDS$1,243+3 BEDS$1,357+Summit at the Villages at Waco
1100 N 6th St, Waco, TX 76707
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Waco, TX Income Restricted Apartments for Rent
Browse a wide selection of low-income apartments for rent in Waco. If you're searching for affordable apartments to fit your budget, it's important to be aware of the opportunities available to you. There are a variety of programs that may be accepted by low-income communities. Some might take part in the Low-Income Housing Credit Program, or Section 42, while others might accept vouchers through the Housing Choice Voucher Program, or Section 8. Since these programs are different, call the apartment community you’re interested in and ask which program they participate in.
Before you apply for an income restricted apartment, make sure you qualify for Section 8 housing in Waco by contacting the local public housing agency, or PHA. You must meet certain requirements based on the area median income, or AMI, and that amount varies depending on location. Section 8 housing is often more difficult to find than other affordable housing programs since properties must meet certain guidelines to qualify for the program, and not all properties accept Section 8 vouchers.
There are 5 income-restricted apartments available in Waco. To find out if the apartment community you’re interested in accepts Section 8, look at their requirements or call the property directly and ask.
Renting in Waco
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- 1 Bedroom 664 Sq Ft $1,029 / mo
- 2 Bedrooms 962 Sq Ft $1,258 / mo
- 3 Bedrooms 1,174 Sq Ft $1,373 / mo
- 4 Bedrooms 1,396 Sq Ft $1,402 / mo
Top Budget-Friendly Neighborhoods in Waco
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Downtown Waco 557 Sq Ft $1,240/mo
- Waco & Killeen 677 Sq Ft $1,251/mo
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Note: Based on community-supplied data and independent market research. Subject to change without notice.