Cheap Homes for Rent in Wallace Heights Neighborhood of Midland, TX from $1,400 (12 Rentals)

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

property at 3222 Preston Dr

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

3 Bedroom, 3 Bath Home for Rent

Available Now

3222 Preston Dr

MidlandTX79707

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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
Alturas AndrewsAltitude1BR,1BA$899
ReNew Fairmont ParkBradford LURA 80 (Low-Income)1BR,1BA$909

Best Value Apartments for Rent in Wallace Heights, TX

As of February 22, 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
The ClustersB12BR,2BA$1.53
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

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.

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

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Pet Friendly Lifestyle
Wallace Heights, Midland, TX

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Wallace Heights

What type of rentals are currently available in Wallace Heights?

There are currently 57 Apartments for Rent in Wallace Heights, TX with pricing that ranges from $800 to $2,690. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace Heights ranging from $1,400 to $6,000.

What is the current price range for Rental Homes in Wallace Heights?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallace Heights ranges from $1,400 to $6,000 with an average monthly rent of $2,523.

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 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.

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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.

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

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.