Cheap Apartments for Rent in Woodway, TX from $500 (48 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Hunterwood
2 Bedroom Apartments

Hunterwood

225 Londonderry DrWoodway, TX 76712
  • Utilities Included

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Lake Air
1 to 3 Bedroom Apartments

Lake Air

1625 Wooded Acres DrWaco, TX 76710
Senior Living
  • Utilities Included
close
View Me
Legacy Ridge
1 to 2 Bedroom Apartments

Legacy Ridge

2506 Hilltop DrWaco, TX 76710
close
View Me
Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

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

Tribeca

4801 Sanger AveWaco, TX 76710

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.

Read Article
close
View Me
The Midway
1 to 3 Bedroom Apartments

The Midway

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

Creole Apartments

6601-6701 May DrWaco, TX 76710
  • Utilities Included
close
View Me
Cottages of Oak Springs
1 to 3 Bedroom Apartments

Cottages of Oak Springs

1900 Woodgate DrWaco, TX 76712
Senior Living
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-48, Page 1 of 1

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. Sunrise Pointe in the Parkdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Woodway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
Sunrise PointeA11BR,1BA$850
The Edmond Apartments1X11BR,1BA$855
Sandstone1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$891
Westwood Villa Apartments1BR/1BA1BR,1BA$915
Madeira ApartmentsA1 1x11BR,1BA$945
Heritage SquareB1BR,1BA$947
TribecaOne Bedroom1BR,1BA$950
Three 44 ApartmentsA11BR,1BA$970
Azur1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1,015

Best Value Apartments for Rent in Woodway, TX

As of July 09, 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
Lake Air Green Apartments2 Bed, 2 Bath2BR,2BA$1.04
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.13
Flats on ChapelB22BR,2BA$1.42
The Colony ApartmentsUnit D2BR,2BA$1.40
Brookside ApartmentsOne Bedroom1BR,1BA$1.40
Westwood Villa Apartments1BR/1BA1BR,1BA$1.24
Rambler Heights1 Bedroom1BR,1BA$1.10
Three 44 ApartmentsA11BR,1BA$1.47

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 Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Woodway, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Woodway, TX

View Map
Woodway, TX Apartments Map
View Map
Woodway, TX Rental Homes Map

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 Expert's Guide to 10 Top Affordable Neighborhoods for Renting in Waco, TX article

A Texas Local Expert's 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.