Cheap Apartments for Rent in the Wallace Heights Neighborhood of Midland, TX from $500 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Wallace Heights area of Midland.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
ReNew Andrews
1 to 2 Bedroom Apartments

ReNew Andrews

4400 Andrews HwyMidland, TX 79703
close
View Me
Zara Apartments
1 Bedroom Apartments

Zara Apartments

4303 Lockheed AveMidland, TX 79703
close
View Me
Wildflower
1 to 2 Bedroom Apartments

Wildflower

4301 Raleigh CtMidland, TX 79707

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
The Bradford
1 to 2 Bedroom Apartments

The Bradford

4715 W Wadley AveMidland, TX 79707
Corporate Housing
close
View Me
Las Colinas
1 to 3 Bedroom Apartments

Las Colinas

3315 Godfrey StMidland, TX 79707

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-50, Page 1 of 1

Wallace Heights, Midland, TX Local Guide

Cheapest Available Wallace Heights Apartments for Rent

 

The cheapest available apartment rental in the Wallace Heights area of Midland, TX is a 1 Bed unit found at Mosaic priced from $800. ReNew Andrews I & II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $879. Here are the most affordable Wallace Heights apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
MosaicEfficiency 390Sqft1BR,1BA$800
ReNew Andrews I & IIAldean Rent Control VLI1BR,1BA$879
ReNew AndrewsAldean Rent Control VLI1BR,1BA$879
Alturas Andrews1 BR x 1 BA1BR,1BA$889
Whispering Oaks 1904 N. Midland2 Bedrooms, 1 full, 860 sqft2BR,1BA$899
Cypress PointeSmall 1 Bedroom1BR,1BA$925
Stone Creek Apartment HomesSummit1BR,1BA$945
Santa Fe Apartments1 Bedroom w/o W/D connections1BR,1BA$950
ReNew Scotsdale1 Bed 1 Bath A1BR,1BA$979
ReNew Fairmont ParkBeal1BR,1BA$979

Best Value Apartments for Rent in Wallace Heights, TX

As of May 27, 2026 the best value apartment in the Wallace Heights area is the $1.52 price per square foot SP-C1 Model at Signature Place in the in the Wadley Heights neighborhood starting from $2,113. The second greatest value Wallace Heights apartment is the E-B3 Model at Enclave starting at $1,867 with a $1.37 price per square foot in the Wadley Heights neighborhood. Here is today’s list of the best values for Wallace Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Signature PlaceSP-C13BR,2BA$1.52
EnclaveE-B32BR,2BA$1.37
Las ColinasDouble Townhome2BR,1.5BA$1.34
The MidkiffB12BR,2BA$1.20
Whispering Oaks 1904 N. Midland2 Bedrooms, 2 full, 951 sqft2BR,2BA$1.26
Merritt MonumentThe Midlander2BR,1BA$1.52
ReNew Hyde Park2 Bed 1.5 Bath2BR,1.5BA$1.54
Westridge Senior ApartmentsA11BR,1BA$1.52
Trinity Place1x11BR,1BA$1.51
Santa Fe Apartments1 Bedroom with W/D connections1BR,1BA$1.43

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Wallace Heights, Midland, TX

Ranked #11

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Wallace Heights, Midland, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States, including Midland. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Wallace Heights Apartments

How much is rent for a Cheap One Bedroom Wallace Heights Apartment?

The lowest price for a Cheap One Bedroom Wallace Heights Apartment is $800 at Mosaic.

What is the lowest price for a Cheap Two Bedroom Wallace Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wallace Heights is starting from $899 at Whispering Oaks 1904 N. Midland.

What is the most affordable Wallace Heights Three Bedroom Apartment?

The best deal on a cheap Wallace Heights Three Bedroom Apartment rental is at Northridge Court and starts from $1,599.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.