
Cheap Homes for Rent in Water Valley, TX from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Water Valley.


306 SE Railroad St

304 SE Railroad St

418 E Harris Ave

731 Cactus Ln

220 E 9th St
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.

412 SE Railroad St

132 E 11th St

1527 Fulton St

1208 Clairmont St

2102 Raney St

2111 Runnels St
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.
Water Valley, TX Local Guide

How much does it cost to rent a home in Water Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Water Valley 2 Bedroom Homes for Rent | $818 | $775 | $950 |
| Water Valley 3 Bedroom Homes for Rent | $1,645 | $875 | $2,600 |
| Water Valley 4 Bedroom Homes for Rent | $2,064 | $1,395 | $3,600 |
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Water Valley, TX Local Guide
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Cheapest Available Water Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in Water Valley, TX is a 1 Bed unit found at Oak Grove Senior Apartments priced from $250. Resort at Riverside has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Water Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Grove Senior Apartments | 1 Bed, 1 bath | 1BR,1BA | $250 |
| Resort at Riverside | Efficiency | Studio,1BA | $600 |
| Arden Arms Apartments | studio 1 bedroom | 1BR,1BA | $650 |
| Bella Vista Apartments | Standard unit 1 bed/ 1 bath | 1BR,1BA | $700 |
| River Point | Income-Restricted 1 Bedroom, 1 Bath 50% | 1BR,1BA | $767 |
Best Value Apartments for Rent in Water Valley, TX and Nearby
As of June 04, 2026 the best value apartment in the Water Valley area is the $0.42 price per square foot 4x4 Model at Angelo Place in the starting from $555. The second greatest value Water Valley apartment is the B1 Model at San Angelo Terrace starting at $1,016 with a $0.98 price per square foot . Here is today’s list of the best values for Water Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Angelo Place | 4x4 | 4BR,4BA | $0.42 |
| San Angelo Terrace | B1 | 2BR,2BA | $0.98 |
| Windmill Park Apartment Homes | 2 Beds / 2 Baths | 2BR,2BA | $1.06 |
| Sedona Ranch Apartments | 2-2 | 2BR,2BA | $1.09 |
| Legacy Terrace Apartments | 2/1 BR's | 2BR,1BA | $1.13 |
| Southland Arms | 1 Bedroom | 1BR,1BA | $1.15 |
| River Ranch | Bedroom ONLY in a 2 bedroom unit | 2BR,2BA | $0.92 |
| Wildewood | 1 bed / 1 bath | 1BR,1BA | $1.20 |
| River Point | Income-Restricted 1 Bedroom, 1 Bath 50% | 1BR,1BA | $1.27 |
| Oak Grove Senior Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.46 |
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Water Valley
What type of rentals are currently available in Water Valley?
There are currently 42 Apartments for Rent in Water Valley, TX with pricing that ranges from $250 to $2,325. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Water Valley ranging from $775 to $3,600.
What is the current price range for Rental Homes in Water Valley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Water Valley ranges from $775 to $3,600 with an average monthly rent of $1,343.
How much are larger Three and Four Bedroom Rentals in Water Valley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Water Valley range from $609 to $2,325, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $555.
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

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.