Cheap Apartments for Rent in Woodway, TX from $500 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Woodway.

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Hunterwood
2 Bedroom Apartments

Hunterwood

225 Londonderry DrWoodway, TX 76712
  • Utilities Included
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Canyon Springs
1 to 3 Bedroom Apartments

Canyon Springs

2301 Woodgate DrWoodway, TX 76712
Corporate Housing

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.

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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.

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property at 1200 Western Ridge Dr

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 2 Bath Home for Rent

Available Now

1200 Western Ridge Dr

WacoTX76712
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Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

5101 Tennyson DrWaco, TX 76710
  • Utilities Included
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Tribeca
1 to 2 Bedroom Apartments

Tribeca

4801 Sanger AveWaco, TX 76710
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The Midway
1 to 3 Bedroom Apartments

The Midway

416 Owen LnWaco, TX 76710
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Creole Apartments
1 to 2 Bedroom Apartments

Creole Apartments

6601-6701 May DrWaco, TX 76710
  • Utilities Included

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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Cottages of Oak Springs
1 to 3 Bedroom Apartments

Cottages of Oak Springs

1900 Woodgate DrWaco, TX 76712
Senior Living
  • Utilities Included

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.

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Showing Results 1-50, Page 1 of 2

Woodway, TX Local Guide

Cheapest Available Woodway Apartments for Rent

 

The cheapest available apartment rental in Woodway, TX is a 1 Bed unit found at Rambler Heights in the Parkdale neighborhood priced from $750. Avila in the Parkdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Woodway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
Avila1 Bed, 1 Bath1BR,1BA$799
Sunrise PointeA11BR,1BA$840
The Edmond Apartments1X11BR,1BA$855
Heritage SquareA1BR,1BA$887
Westwood Villa Apartments1BR/1BA1BR,1BA$915
Madeira ApartmentsA1 1x11BR,1BA$945
Sandstone1 Bed, 1 Bath A1BR,1BA$946
TribecaOne Bedroom1BR,1BA$950
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$951

Best Value Apartments for Rent in Woodway, TX

As of May 25, 2026 the best value apartment in the Woodway area is the $1.35 price per square foot 3/2 MA Model at The Majestic at Hewitt in the in the West Waco neighborhood starting from $1,823. The second greatest value Woodway apartment is the 2 Bed Townhome Model at Woodway Park Condominiums starting at $1,200 with a $1.00 price per square foot in the Parkdale neighborhood. Here is today’s list of the best values for Woodway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Majestic at Hewitt3/2 MA3BR,2BA$1.35
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
Park Place ApartmentsTwo Bedroom2BR,2BA$1.04
MeadowParkTownhome2BR,2.5BA$1.14
Flats on ChapelB22BR,2BA$1.35
Sunrise PointeB12BR,1BA$1.19
Brookside ApartmentsOne Bedroom1BR,1BA$1.40
Westwood Villa Apartments1BR/1BA1BR,1BA$1.24
Rambler Heights1 Bedroom1BR,1BA$1.10
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$1.35

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.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Waco

A Local Experts Guide to The Neighborhoods for Student Housing near Colleges and Universities in Waco. Find your perfect Waco apartment, condo, or rental home today at ApartmentHomeliving.com

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Woodway Apartments

How much is rent for a Cheap One Bedroom Woodway Apartment?

The lowest price for a Cheap One Bedroom Woodway Apartment is $750 at Rambler Heights.

What is the lowest price for a Cheap Two Bedroom Woodway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Woodway is starting from $895 at Rambler Heights.

What is the most affordable Woodway Three Bedroom Apartment?

The best deal on a cheap Woodway Three Bedroom Apartment rental is at The Edmond Apartments and starts from $1,359.

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

decorative image for A Texas Local Experts Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.