Rent to own Homes in Waco, TX

Waco, Texas, is a city of over 124,000 with a rich and interesting history. It is the original home of the Dr. Pepper company and is also known as the notorious site of the 1993 Branch Dividian stand-off. Waco is located about halfway between Dallas/Fort Worth and Austin and is a nice moderate size. There's always plenty to do and you have everything you need, but it still feels enough like a small town where you can really enjoy life. Like almost all of Texas, the economy and housing market in Waco are very strong. Waco's unemployment is below the national average and the area never suffered from the 2008 recession to the same extent that other parts of the country did. The housing market also avoided facing any significant slumps. When President George W. Bush spent time at his Texas ranch, Waco was the site of his White House Press Center for briefing the media. Waco has a good quality of life, whether you're the former leader of the free world or just an average Joe.

Waco, TX is a great place for affordable rent-to-own homes! With a median household income of over $40,349 and a median rent of $879, the Waco, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Waco, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Waco, TX rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1908 BOSQUE BLVD
Rent To Own
Sanger-Heights
Single Family Home
Waco, TX 76707
3
1
1440 ft2
1917
Hot
1 of 10 1000 QUEEN ELIZABETH DR
Rent To Own
 
Single Family Home
Mcgregor, TX 76657
4
3
2208 ft2
2017
Hot
1 of 2 608 SKYLAR HEIGHTS DR
Rent To Own
 
Single Family Home
Temple, TX 76502
3
2
1320 ft2
2020
Hot
1 of 17 716 E CENTRAL AVE
Rent To Own
Ferguson Park
Single Family Home
Temple, TX 76501
3
2
2064 ft2
1908
1 of 39 3457 SUMMIT CIR
Rent To Own
 
Single Family Home
Belton, TX 76513
4
4
3201 ft2
1992
2101 INDEPENDENCE CT
Rent To Own
 
Single Family Home
Belton, TX 76513
4
3
2378 ft2
2007
1 of 48 6021 BELLA CHARCA PKWY
Rent To Own
 
Single Family Home
Nolanville, TX 76559
4
3
2801 ft2
2016
1 of 29 Not Disclosed
Rent To Own
 
Single Family Home
Harker Heights, TX 76548
3
2
1750 ft2
2002
Hot
1 of 7 1106 N 10TH ST
Rent To Own
North Killeen
Single Family Home
Killeen, TX 76541
2
1
800 ft2
1955
Hot
1 of 48 108 W RUNNING WOLF TRL
Rent To Own
Skipcha South
Single Family Home
Harker Heights, TX 76548
4
3
3367 ft2
2005
Hot
1 of 30 810 TUSCAN RD
Rent To Own
 
Single Family Home
Harker Heights, TX 76548
4
4
3019 ft2
2015
Hot
1 of 10 2205 IMPERIAL DR
Rent To Own
Clifton Park
Single Family Home
Killeen, TX 76541
3
2
1252 ft2
1971
1916 Maple Ave
Rent to Own Eligible
North Waco
Single Family Home
Waco, TX 76707
3
2
1301 ft2
2020
Hot
6505 SENDERO LN
Rent to Own Eligible
Kendrick
Single Family Home
Woodway, TX 76712
4
3
2217 ft2
2012
1100 N 11TH ST
Rent to Own Eligible
Brook Oaks
Single Family Home
Waco, TX 76707
3
1
1228 ft2
1918
811 MOSLEY DR
Rent to Own Eligible
 
Single Family Home
Waco, TX 76705
3
2
1301 ft2
1964
901 MURPHY RD
Rent to Own Eligible
Timbercrest
Single Family Home
Waco, TX 76705
3
3
1544 ft2
2021
1 of 69 10857 BURNHAM DR
Rent to Own Eligible
North Lake Waco
Single Family Home
Waco, TX 76708
4
3
2351 ft2
2015
1 of 22 1701 MONTE VISTA ST
Rent to Own Eligible
Kendrick
Single Family Home
Waco, TX 76711
3
1
1076 ft2
1953
1 of 26 2025 BOSQUE BLVD
Rent to Own Eligible
Sanger-Heights
Single Family Home
Waco, TX 76707
4
3
1716 ft2
1922
1118 BAGBY AVE
Rent to Own Eligible
Baylor
Single Family Home
Waco, TX 76706
4
2
1698 ft2
1998
3524 N 27TH ST
Rent to Own Eligible
Landon Branch
Single Family Home
Waco, TX 76708
4
4
2521 ft2
1951
1 of 3 409 LINDENWOOD LN W
Rent to Own Eligible
Hewitt
Single Family Home
Hewitt, TX 76643
3
2
1638 ft2
1976
2720 BOSQUE BLVD
Rent to Own Eligible
 
Single Family Home
Waco, TX 76707
3
1
1441 ft2
1922
New
3525 OLD MARLIN RD
Rent to Own Eligible
Timbercrest
Single Family Home
Waco, TX 76705
3
2
1566 ft2
1954
New
4506 CIRCLE C DR
Rent to Own Eligible
 
Single Family Home
Waco, TX 76705
3
2
1009 ft2
2021
1 of 238 3200 HARRISON ST
Rent to Own Eligible
 
Single Family Home
Waco, TX 76705
3
2
1676 ft2
1941
1 of 67 2725 KEATHLEY DR
Rent to Own Eligible
 
Single Family Home
Lorena, TX 76655
3
2
1881 ft2
2017
New
3800 Orchard Ln
Rent to Own Eligible
Timbercrest
Single Family Home
Waco, TX 76705
2
1
720 ft2
1948
3620 KENWOOD ST
Rent to Own Eligible
 
Single Family Home
Waco, TX 76706
4
2
2050 ft2
1974
1 of 58 4013 S FORK RANCH RD
Rent to Own Eligible
Timbercrest
Single Family Home
Waco, TX 76705
3
2
1340 ft2
2019
1 of 57 6540 SENDERO LN
Rent to Own Eligible
 
Single Family Home
Woodway, TX 76712
4
3
1986 ft2
2012
1606 CUMBERLAND AVE
Rent to Own Eligible
Brook Oaks
Single Family Home
Waco, TX 76707
2
1
960 ft2
1903
1909 LYLE AVE
Rent to Own Eligible
North Waco
Single Family Home
Waco, TX 76708
3
1
1512 ft2
1918
1 of 25 10213 MARIGOLD RD
Rent to Own Eligible
North Lake Waco
Single Family Home
Waco, TX 76708
3
2
2017 ft2
2010
1 of 41 2313 SUNNYDELL AVE
Rent to Own Eligible
Kendrick
Single Family Home
Waco, TX 76711
3
1
1267 ft2
1953
1 of 46 204 HEADRICK DR
Rent to Own Eligible
Robinson
Single Family Home
Waco, TX 76706
4
2
1724 ft2
2006
1 of 35 10436 FALLEN LEAF DR
Rent to Own Eligible
West Waco
Single Family Home
Woodway, TX 76712
4
2
1808 ft2
2019
1 of 9 2326 REUTER AVE
Rent to Own Eligible
North Waco
Single Family Home
Waco, TX 76708
3
2
1740 ft2
2003
1 of 58 521 JANCY ST
Rent to Own Eligible
Robinson
Single Family Home
Robinson, TX 76706
4
2
1962 ft2
1984
New
1 of 20 1303 LUANNE
Rent to Own Eligible
 
Single Family Home
Waco, TX 76705
3
2
1218 ft2
2002
1 of 45 3409 JAMES AVE
Rent to Own Eligible
Kendrick
Single Family Home
Waco, TX 76711
3
1
1562 ft2
1952
1 of 28 2210 HOMAN AVE
Rent to Own Eligible
Sanger-Heights
Single Family Home
Waco, TX 76707
3
2
1587 ft2
1901
104 GAIL DR
Rent to Own Eligible
North Lake Waco
Single Family Home
Waco, TX 76708
3
2
1522 ft2
1971
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Buying a Home in Waco, TX

Waco, TX is seeing rapid growth and Waco, TX's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Waco, TX is part of McLennan county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county McLennan is 1.62% which is above the national average, which is 0.99%.

Median Home Price in Waco, TX

Median Rent in Waco, TX

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Waco TX

Housing Statistics The housing market in Waco is very affordable. With a median price of $113,200, owning a home is within reach of many working families. Waco has more renters than the national average, with 48.47 percent of homes rented and 41.71 percent owned. This higher than average percentage of rental houses is great news if you want to avoid the headaches associated with ownership. However, if you do want to own a home and need non-traditional options, the widespread availability of rentals in Waco means that you can find alternatives such as rent to own homes. Since 9.81 percent of homes are vacant, your odds of finding one to meet your needs are very good.

Local Events There's always something fun to do in Waco. Texas is known for its Tex-Mex food, so why not check out the annual Margarita and Salsa Festival every August? You won't want to miss the Heart of Texas Wine and Food Festival and the Waco Cultural Arts Fest, either. You can also take in a show at the Ferrell Center at Baylor University or take the kids to the Waco Children's Theater. The city also hosts a lot of craft fairs.

Outdoor Activities Outdoor activities are big in Waco. Temperatures rarely get below 40 degrees even in the coldest months, so there's no real winter to speak of. You can enjoy the beautiful weather outdoors, especially in the parks around the Brazos River that runs through the center of town. If you love boating, you can spend a day on the beautiful Lake Waco Marina. But if you prefer hiking, check out Mother Neff State Park or Cameron Park.

Neighborhoods As with most places, the quality of the neighborhood school district plays a big part in your property values. Additionally, it can really help with settling on the right neighborhood for you when moving. Those with kids in school - or just people who want to keep their property values high - will be thrilled to know that there are many very highly rated school districts in the Waco area.