Cheap Homes for Rent in Wallace Heights Neighborhood of Midland, TX from $1,300 (8 Rentals)

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

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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.

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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 ReNew Fairmont Park priced from $690. Alturas Andrews has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Wallace Heights apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
ReNew Fairmont ParkBeal LURA 501BR,1BA$690
Alturas AndrewsAltitude1BR,1BA$795
ReNew Andrews I & IIAldean Lura 501BR,1BA$795

Best Value Apartments for Rent in Wallace Heights, TX

As of September 12, 2025 the best value apartment in the Wallace Heights area is the $1.39 price per square foot 3 Bedroom Apartment Home Model at Brighton Court in the in the Wadley Heights neighborhood starting from $2,294. The second greatest value Wallace Heights apartment is the B3 Model at Monaco starting at $1,607 with a $1.15 price per square foot in the Scotsdale 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 Court3 Bedroom Apartment Home3BR,3.5BA$1.39
MonacoB32BR,2BA$1.15
Enclave2 Bedroom Apartment Home2BR,2BA$1.44
Mosaic3 bedroom 2 bath3BR,2BA$1.21
The Midkiff2/2 All Bills Paid2BR,2BA$1.20
ReNew ScotsdaleDouglas2BR,2.5BA$1.26
ReNew Andrews I & IIStapleton2BR,1BA$1.42
ReNew AndrewsStapleton2BR,1BA$1.42
Santa Fe Apartments1 Bedroom with W/D connections1BR,1BA$1.36
Cornerstone Village1BD 1BA, sq ft 6601BR,1BA$1.48

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Pet Friendly Lifestyle
Wallace Heights, Midland, TX

Ranked #13

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

Frequently Asked Questions about Wallace Heights

What type of rentals are currently available in Wallace Heights?

There are currently 53 Apartments for Rent in Wallace Heights, TX with pricing that ranges from $795 to $2,850. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace Heights ranging from $1,399 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 $1,399 to $6,000 with an average monthly rent of $2,605.

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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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.