
Cheap Homes for Rent in Oakwood Neighborhood of Waco, TX from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Oakwood area of Waco.


2305 S 2nd St

1915 S 10th St

1214 Baylor Ave

3304 Belmont Dr

809 N 4th 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.

2513 S 2nd St

912 Oakwood Ave

1106 Spring St
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.

936 Duty Ave
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 | $1,200 | $1,200 | $1,200 |
Oakwood 4 Bedroom Homes for Rent | $2,210 | $1,800 | $2,750 |
Oakwood 5 Bedroom Homes for Rent | $2,600 | $2,400 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Waco, TX.
Explore Waco
Oakwood, Waco, TX Local Guide
- Nearby Waco neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $658. Historic Lofts at Waco High has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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 | $658 |
Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $750 |
The Cove on 21st | A1 | 1BR,1BA | $850 |
URSA | 2BR/2BA - Flat - Pool View | 2BR,2BA | $920 |
Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $925 |
Best Value Apartments for Rent in Oakwood, TX
As of June 21, 2025 the best value apartment in the Oakwood area is the $1.38 price per square foot Percale Model at LUXE AT 1300 in the in the Oakwood neighborhood starting from $1,838. The second greatest value Oakwood apartment is the 1BR/2BA - with Den Model at URSA starting at $1,380 with a $1.56 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. |
---|---|---|---|
LUXE AT 1300 | Percale | 2BR,2BA | $1.38 |
URSA | 1BR/2BA - with Den | 1BR,2BA | $1.56 |
101 Elm | 1 Bedroom 1 Bath | 1BR,1BA | $1.78 |
222 Clay Court | 1 Bedroom Upstairs-with Porch | 1BR,1.5BA | $1.78 |
Historic Lofts at Waco High | 1 Bedroom | 1BR,1BA | $0.94 |
Roots at Waco | A2-E | 1BR,1BA | $1.79 |
Prime Properties Waco | 1Bed-1Bath | 1BR,1BA | $1.31 |
South Terrace | 1x1 | 1BR,1BA | $1.07 |
The Enclave at the Stadium | A1 | 1BR,1BA | $1.60 |
The Cove on 21st | A1 | 1BR,1BA | $1.44 |
Quick 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.
Frequently Asked Questions about Oakwood
What type of rentals are currently available in Oakwood?
There are currently 50 Apartments for Rent in Oakwood, TX with pricing that ranges from $599 to $4,316. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Oakwood ranging from $1,200 to $2,800.
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 $1,200 to $2,800 with an average monthly rent of $2,003.
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.