1021 Elise Ave
WacoTX76706
Cheap Apartments for Rent in the Oakwood Neighborhood of Waco, TX from $550 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Waco.
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$923 - $1,4071 to 4 Bedroom Apartments Contact Us For Availability
Costa Esmeralda
1516 Gurley LnWaco, TX 76706
2011 S 8th St
WacoTX76706
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$1,5003 Bedroom Apartments Contact Us For Availability
Allen Place
512 Daughtrey AveWaco, TX 76706
2527 Pascal Ct
WacoTX76706
204 Church Ave
WacoTX76706
Oakwood - One of the Best Affordable Neighborhoods in Waco
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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4 Bedroom Apartments
Twenty Twenty Cottages
2020 S 10th StWaco, TX 76706
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1 to 4 Bedroom Apartments
South Terrace
2616 S 12th StWaco, TX 76706
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1 to 4 Bedroom Apartments
19Eleven
1911 S 8th StWaco, TX 76706
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2 to 3 Bedroom Apartments
The Centre
1818 S 7th StWaco, TX 76706
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2 to 3 Bedroom Apartments
Red Oak Townhomes
4510 S 3rd St RdWaco, TX 76706
1824 S 8th St
WacoTX76706
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-12, Page 1 of 1
Oakwood, Waco, TX Local Guide
How much does it cost to rent an apartment in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood 1 Bedroom Apartments | $1,345 | $923 | $1,759 |
| Oakwood 2 Bedroom Apartments | $1,247 | $789 | $2,016 |
| Oakwood 3 Bedroom Apartments | $1,320 | $739 | $1,700 |
| Oakwood 4 Bedroom Apartments | $1,014 | $739 | $1,975 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Waco, TX.
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Oakwood, Waco, TX Local Guide
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Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Waco, TX is a 1 Bed unit found at South Terrace priced from $697. University Edge Waco has the second lowest priced unit, which is a 4 Beds apartment currently listed from $745. Here are the most affordable Oakwood apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South Terrace | 1x1 | 1BR,1BA | $697 |
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| The Green at Waco | A2 | 1BR,1BA | $1,355 |
| LUXE AT 1300 | Voile | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Oakwood, TX
As of August 24, 2026 the best value apartment in the Oakwood area is the $0.82 price per square foot Plan B Model at University Edge Waco in the in the South End neighborhood starting from $799. The second greatest value Oakwood apartment is the Buckram Model at LUXE AT 1300 starting at $1,759 with a $1.86 price per square foot in the Oakwood neighborhood. Here is today’s list of the best values for Oakwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| LUXE AT 1300 | Buckram | 1BR,1BA | $1.86 |
| South Terrace | 1x1 | 1BR,1BA | $1.10 |
| The Green at Waco | A3.2 Amenity View | 1BR,1BA | $2.29 |
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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Top Neighborhoods to Rent Near Major Colleges and Universities in Waco
A 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From 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.
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Pet Friendly LifestyleOakwood, Waco, TX
Ranked #1
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Waco. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Oakwood Apartments
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is South Terrace which is listed at $697, while the average apartment in Oakwood costs $1,026.
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
Top Neighborhoods to Rent Near Major Colleges and Universities in Waco
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.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
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.