Cheap Apartments for Rent in the Wallace Heights Neighborhood of Midland, TX from $500 (28 Rentals)

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

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Stone Creek Apartment Homes
Rent Specials
$899 - $1,875
Total Monthly Price

Total Monthly Price

Base Rent
$853 - $1,829
Required Monthly Fees
$46
Total Monthly Price
$899 - $1,875
1 to 2 Bedroom Apartments Available Now

Stone Creek Apartment Homes

5216 Tremont AveMidland, TX 79707
Corporate Housing
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ReNew Andrews
1 to 2 Bedroom Apartments

ReNew Andrews

4400 Andrews HwyMidland, TX 79703
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Zara Apartments
1 Bedroom Apartments

Zara Apartments

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

Wildflower

4301 Raleigh CtMidland, TX 79707
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The Bradford
1 to 2 Bedroom Apartments

The Bradford

4715 W Wadley AveMidland, TX 79707
Corporate Housing

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Showing Results 1-28, 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 Midland has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Wallace Heights apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
MosaicEfficiency 390Sqft1BR,1BA$800
ReNew MidlandLone Star LURA 50 (Low-Income)1BR,1BA$849
Merritt MonumentThe PermianStudio,1BA$879
Stone Creek Apartment HomesSummit1BR,1BA$899
Alturas AndrewsAltitude1BR,1BA$899
ReNew Fairmont ParkBradford LURA 80 (Low-Income)1BR,1BA$919
Avalon Springs1x1 B1BR,1BA$940
Cypress PointeSmall 1 Bedroom1BR,1BA$970
Northridge Court1x11BR,1BA$975
ReNew Andrews I & IIShelton Lura 50 (Low-Income)1BR,1BA$989

Best Value Apartments for Rent in Wallace Heights, TX

As of February 24, 2026 the best value apartment in the Wallace Heights area is the $1.31 price per square foot BC-B4 Model at Brighton Court in the in the Wadley Heights neighborhood starting from $2,017. The second greatest value Wallace Heights apartment is the E-B4 Model at Enclave starting at $2,143 with a $1.51 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.
Brighton CourtBC-B42BR,2.5BA$1.31
EnclaveE-B42BR,2BA$1.51
The MidkiffB12BR,2BA$1.20
Whispering Oaks Apartments2 Beds, 2 Baths2BR,2BA$1.47
ReNew Hyde ParkRogers2BR,2BA$1.43
Avalon Springs2x2 B2BR,2BA$1.44
Delmar VillasDV-A11BR,1BA$1.53
Trinity Place1x11BR,1BA$1.41
ReNew ScotsdalePreston1BR,1BA$1.50
Merritt MonumentThe PermianStudio ,1BA$1.56

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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.

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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.

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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.

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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

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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

What is the Cheapest Studio apartment in Wallace Heights?

Currently the most affordable Cheap Studio Apartment in Wallace Heights is at Merritt Monument listed at $879.

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 $1,099 at ReNew 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 $1,685.

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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.