Named as one of the Best Affordable Neighborhoods to rent in Waco by our Local Expert for Texas, Rhonda R Fletcher. See how it ranks!
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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood 1 Bedroom Apartments | $1,342 | $923 | $1,752 |
| Oakwood 2 Bedroom Apartments | $1,245 | $789 | $2,010 |
| Oakwood 3 Bedroom Apartments | $1,320 | $739 | $1,700 |
| Oakwood 4 Bedroom Apartments | $1,014 | $739 | $1,975 |
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $1,225 | $1,225 | $1,225 |
| 3 Bedroom Homes | $1,897 | $1,695 | $2,100 |
| 4 Bedroom Homes | $1,250 | $500 | $2,000 |
| 5 Bedroom Homes | $2,300 | $2,100 | $2,500 |
There are currently 46 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Waco, TX.
See all Apartments in WacoLearn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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Read ArticleA Local Experts Guide to The Neighborhoods for Student Housing near Colleges and Universities in Waco. Find your perfect Waco apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleFrom the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleThe 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.
If you’re an expert on all things Oakwood, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewAmong cities in Texas for Apartment listings with Pet Friendly Amenities.
ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Texas and customized analysis for Central Waco, TX. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
We think living with parks and greenspace is critically important. Oakwood ranks as providing fantastic access to the outdoors, with a score of 2.0 out of 4.
This residential neighborhood has come to be one of the best-regarded luxury neighborhoods in town, with a score of 2.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like pools, saunas, workout spaces, proximity to great shopping areas, views, access to parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Other luxury items often include wood-burning fireplaces, sports like tennis and raquetball, and a full-time security staff or doorman.
Have pets? This part of Waco ranks highly for raising pets (dogs and cats), with a score of 2.0 out of 4.
As of today, August 23, 2026, there are currently 46 available Oakwood apartments priced from $739 to $2,010, with an average monthly rent of $1,205.
Today's rental pricing for One Bedroom Apartments in Oakwood ranges from $923 to $1,752 with an average monthly rent of $1,342.
The monthly rent prices of Two Bedroom Apartments currently available in Oakwood range from $789 to $2,010. Today's average rental price for Two Bedrooms here is $1,245.
There are currently 17 Three Bedroom Apartments listings available in Oakwood on ApartmentHomeLiving.com. The pricing ranges from $739 to $1,700 - averaging $1,320 for the location.
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.
Written by: Rhonda R Fletcher
Hi, I'm Rhonda, your ApartmentHomeLiving.com Local Expert for Waco, Texas. Waco is a fun town (even for Longhorns). There are some great diners and beautiful landmarks.
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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