
Cheap Homes for Rent in Wallace Heights Neighborhood of Midland, TX from $1,400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Wallace Heights area of Midland.


4806 Bedford Ave, Unit A

4808 Country Club Dr

4408 Comanche Dr

3222 Preston Dr

5109 Graceland Dr
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.

5109 Graceland Dr

5202 San Antonio Ave

3217 Boyd Ave

4707 Pasadena Dr

5108 San Antonio Ave

4023 Livingston St
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.
Wallace Heights, Midland, TX Local Guide

How much does it cost to rent a home in Wallace Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wallace Heights 2 Bedroom Homes for Rent | $2,540 | $1,450 | $3,250 |
| Wallace Heights 3 Bedroom Homes for Rent | $2,521 | $2,100 | $3,750 |
| Wallace Heights 4 Bedroom Homes for Rent | $3,631 | $2,300 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Wallace Heights Neighborhood of Midland, TX.
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Wallace Heights, Midland, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mosaic | Efficiency 390Sqft | 1BR,1BA | $800 |
| ReNew Midland | Lone Star LURA 50 (Low-Income) | 1BR,1BA | $849 |
| Merritt Monument | The Permian | Studio,1BA | $879 |
| Alturas Andrews | Altitude | 1BR,1BA | $899 |
| ReNew Fairmont Park | Bradford 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brighton Court | BC-B4 | 2BR,2.5BA | $1.31 |
| Enclave | E-B4 | 2BR,2BA | $1.51 |
| The Midkiff | B1 | 2BR,2BA | $1.20 |
| Whispering Oaks Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.47 |
| The Clusters | B1 | 2BR,2BA | $1.53 |
| ReNew Hyde Park | Rogers | 2BR,2BA | $1.43 |
| Avalon Springs | 2x2 B | 2BR,2BA | $1.44 |
| Delmar Villas | DV-A1 | 1BR,1BA | $1.53 |
| Trinity Place | 1x1 | 1BR,1BA | $1.41 |
| ReNew Scotsdale | Preston | 1BR,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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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 ArticleQuick 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.
Pet Friendly LifestyleWallace Heights, Midland, TX
Ranked #12
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Wallace Heights, Midland, TX
School data provided by Great Schools
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

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.

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.

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.

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.