2533 S 3rd St
WacoTX76706
Cheap Apartments for Rent in the Oakwood Neighborhood of Waco, TX from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Waco.
221 Gurley Ln
WacoTX76706
1021 Elise Ave
WacoTX76706
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$902 - $1,3731 to 4 Bedroom Apartments Available Now
Costa Esmeralda
1516 Gurley LnWaco, TX 76706
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4 Bedroom Apartments
Twenty Twenty Cottages
2020 S 10th StWaco, TX 76706
2528 S 3rd St
WacoTX76706
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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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
224 Gurley Ln
WacoTX76706
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2 to 3 Bedroom Apartments
The Centre
1818 S 7th StWaco, TX 76706
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1 to 4 Bedroom Apartments
Allen Place
512 Daughtrey AveWaco, TX 76706
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2 to 3 Bedroom Apartments
Red Oak Townhomes
4510 S 3rd St RdWaco, TX 76706
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.
2005 S 8th
WacoTX76706
Showing Results 1-13, 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 | $1,145 | $849 | $1,451 |
| Oakwood 2 Bedroom Apartments | $919 | $789 | $1,768 |
| Oakwood 3 Bedroom Apartments | $969 | $685 | $1,900 |
| Oakwood 4 Bedroom Apartments | $1,162 | $745 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 13 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
- Nearby Waco neighborhoods
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Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Waco, TX is a 4 Beds unit found at University Edge Waco priced from $745. Costa Esmeralda has the second lowest priced unit, which is a 1 Bed apartment currently listed from $902. Here are the most affordable Oakwood apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Edge Waco | Plan E | 4BR,4BA | $745 |
| Costa Esmeralda | 1BR/1BA | 1BR,1BA | $902 |
| The Green at Waco | A2 | 1BR,1BA | $1,355 |
Best Value Apartments for Rent in Oakwood, TX
As of May 26, 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 A2 Model at The Green at Waco starting at $1,355 with a $1.98 price per square foot in the South End 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 |
| The Green at Waco | A2 | 1BR,1BA | $1.98 |
| Costa Esmeralda | 1BR/1BA | 1BR,1BA | $1.34 |
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.
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.
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If you’re an expert on all things Oakwood, tell us what you love (and don't) by rating it and writing a review.
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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 Costa Esmeralda which is listed at $902, while the average apartment in Oakwood costs $1,127.
What types of apartments are the cheapest in Oakwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Oakwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Oakwood?
Cheap apartments in Oakwood have an average cost of $585 which is $542 cheaper than the average rent for all rentals in Oakwood.
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
A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX
Written by: Rhonda R Fletcher
Hi, I'm Rhonda, your ApartmentHomeLiving.com Local Expert for Waco, Texas. I've lived in Central Texas for over 25 years and have seen a lot of change and growth in the Waco area.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.