Cheap Homes for Rent in Oakwood Neighborhood of Waco, TX from $1,200 (13 Rentals)

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Search the lowest-cost Homes 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.

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.

Oakwood, Waco, TX Local Guide

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 ListingModel NameBed/BathPriced From
South Terrace1x11BR,1BA$658
Historic Lofts at Waco High1 Bedroom1BR,1BA$750
The Cove on 21stA11BR,1BA$850
URSA2BR/2BA - Flat - Pool View2BR,2BA$920
Prime Properties Waco1Bed-1Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
LUXE AT 1300Percale2BR,2BA$1.38
URSA1BR/2BA - with Den1BR,2BA$1.56
101 Elm1 Bedroom 1 Bath1BR,1BA$1.78
222 Clay Court1 Bedroom Upstairs-with Porch1BR,1.5BA$1.78
Historic Lofts at Waco High1 Bedroom1BR,1BA$0.94
Roots at WacoA2-E1BR,1BA$1.79
Prime Properties Waco1Bed-1Bath1BR,1BA$1.31
South Terrace1x11BR,1BA$1.07
The Enclave at the StadiumA11BR,1BA$1.60
The Cove on 21stA11BR,1BA$1.44

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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.

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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.

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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.

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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.

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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.