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Cheap Apartments for Rent in the Oakwood Neighborhood of Waco, TX from $500 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Waco.
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.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
1021 Elise Ave
WacoTX76706
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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 | $1,445 | $850 | $2,563 |
| Oakwood 2 Bedroom Apartments | $1,444 | $770 | $2,717 |
| Oakwood 3 Bedroom Apartments | $1,592 | $700 | $2,445 |
| Oakwood 4 Bedroom Apartments | $999 | $675 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Oakwood, TX
As of June 13, 2025 the best value apartment in the Oakwood area is the $1.56 price per square foot 1BR/2BA - with Den Model at URSA in the in the Carver neighborhood starting from $1,380. The second greatest value Oakwood apartment is the 1 Bed 1 Bath Model at Tuscany Ranch Apartments starting at $1,359 with a $1.59 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. |
|---|---|---|---|
| URSA | 1BR/2BA - with Den | 1BR,2BA | $1.56 |
| Tuscany Ranch Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.59 |
| Outpost at Waco | A1 | 1BR,1BA | $2.17 |
| LUXE AT 1300 | Twill | 1BR,1BA | $1.93 |
| Wayfare - Waco | Addison (A1) | 1BR,1BA | $2.01 |
| Roots at Waco | A2-E | 1BR,1BA | $1.83 |
| South Terrace | 1x1 | 1BR,1BA | $1.07 |
| The Green at Waco | A3.2 Amenity View | 1BR,1BA | $2.54 |
| RIVERCREST | A1 | 1BR,1BA | $1.82 |
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Pet Friendly LifestyleOakwood, Waco, TX
Ranked #7
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $658, while the average apartment in Oakwood costs $1,549.
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 62 regular apartments in Oakwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.