Cheap Apartments for Rent in the Wallace Heights Neighborhood of Midland, TX from $500 (27 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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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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The Bradford
1 to 2 Bedroom Apartments

The Bradford

4715 W Wadley AveMidland, TX 79707
Corporate Housing
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Trinity Place
1 to 2 Bedroom Apartments

Trinity Place

3600 N Midland DrMidland, TX 79707
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Wildflower
1 to 2 Bedroom Apartments

Wildflower

4301 Raleigh CtMidland, TX 79707
Showing Results 1-27, 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 ReNew Fairmont Park priced from $790. ReNew Andrews I & II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here are the most affordable Wallace Heights apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
ReNew Fairmont ParkBradford LURA 501BR,1BA$790
ReNew Andrews I & IIShelton Lura 501BR,1BA$870
ReNew AndrewsShelton Lura 501BR,1BA$870
Santa Fe Apartments1 Bedroom w/o W/D connections1BR,1BA$875
Alturas AndrewsAltitude1BR,1BA$880
MosaicEfficiencyStudio,1BA$889
Northridge Court1x11BR,1BA$899
ReNew MidlandPecos LURA 501BR,1BA$910
Cornerstone Village1BD 1BA, sq ft 6601BR,1BA$940
Avalon Springs1x1 B1BR,1BA$960

Best Value Apartments for Rent in Wallace Heights, TX

As of November 17, 2025 the best value apartment in the Wallace Heights area is the $1.39 price per square foot 2 bedroom Apartment Home Model at Brighton Court in the in the Wadley Heights neighborhood starting from $2,033. The second greatest value Wallace Heights apartment is the Double Townhome Model at Las Colinas starting at $1,685 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.
Brighton Court2 bedroom Apartment Home2BR,2BA$1.39
Las ColinasDouble Townhome2BR,1.5BA$1.37
Enclave2 bedroom Apartment Home2BR,2BA$1.43
The Midkiff2/2 All Bills Paid2BR,2BA$1.20
ReNew SinclairMusgraves2BR,1.5BA$1.46
The ClustersB12BR,2BA$1.47
Cornerstone Village2BD 2BA, sq ft 8702BR,2BA$1.48
ReNew Hyde ParkHill2BR,1.5BA$1.36
Santa Fe Apartments1 Bedroom with W/D connections1BR,1BA$1.36
Avalon Springs1x1 B1BR,1BA$1.40

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Pet Friendly Lifestyle
Wallace Heights, Midland, TX

Ranked #15

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 Mosaic listed at $889.

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

The lowest price for a Cheap One Bedroom Wallace Heights Apartment is $790 at ReNew Fairmont Park.

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 $1,150 at ReNew Hyde Park.

What is the most affordable Wallace Heights Three Bedroom Apartment?

The best deal on a cheap Wallace Heights Three Bedroom Apartment rental is at Mosaic and starts from $1,365.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.