North Waco renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in North Waco is about $847 per month. This puts it in the 9th percentile compared to the city average cost of rent, which is $1,032. Households in North Waco have a median income of $3,732 per month so the average renter in North Waco is spending roughly 23% of their earnings on housing.
Nationally, and in North Waco, home values are the data point most closely correlated with the cost of rent. The median price of a home in North Waco is $94,078 right now, which is lower than nearby neighborhoods, meaning that rents in North Waco also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of North Waco while lower rent rates are often available in central areas.
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