
Cheap Homes for Rent in Oakwood Neighborhood of Waco, TX from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Waco.


2305 S 2nd St

2005 S 8th
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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2020 S 9th St

309 Gurley Ln

2808 S 8th St
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.
Oakwood, Waco, TX Local Guide

How much does it cost to rent a home in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood 2 Bedroom Homes for Rent | $1,298 | $1,200 | $1,495 |
| Oakwood 3 Bedroom Homes for Rent | $1,994 | $1,650 | $2,295 |
| Oakwood 4 Bedroom Homes for Rent | $3,050 | $2,200 | $4,000 |
| Oakwood 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Waco, TX.
Explore Waco
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. Allen Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. 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 |
| Allen Place | Spacious Modern 2/2 Apartment at Allen Place - ... | 2BR,2BA | $1,100 |
| LUXE AT 1300 | Jersey | 1BR,1BA | $1,174 |
Best Value Apartments for Rent in Oakwood, TX
As of January 07, 2026 the best value apartment in the Oakwood area is the $1.12 price per square foot Spacious Renovated 3/2 at Allen Place - Walk to... Model at Allen Place in the in the South End neighborhood starting from $1,450. The second greatest value Oakwood apartment is the Plan B Model at University Edge Waco starting at $799 with a $0.82 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. |
|---|---|---|---|
| Allen Place | Spacious Renovated 3/2 at Allen Place - Walk to... | 3BR,2BA | $1.12 |
| University Edge Waco | Plan B | 2BR,2BA | $0.82 |
| LUXE AT 1300 | Poplin | 1BR,1BA | $1.75 |
| The Green at Waco | A3.1 Yard | 1BR,1BA | $2.40 |
Frequently Asked Questions about Oakwood
What type of rentals are currently available in Oakwood?
There are currently 39 Apartments for Rent in Oakwood, TX with pricing that ranges from $655 to $3,300. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $725 to $4,000.
What is the current price range for Rental Homes in Oakwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Oakwood ranges from $725 to $4,000 with an average monthly rent of $2,113.
How much are larger Three and Four Bedroom Rentals in Oakwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Oakwood range from $739 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $2,295. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $685.
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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.