Cheap Apartments for Rent in Woodway, TX from $500 (14 Rentals)

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

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.

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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

5101 Tennyson DrWaco, TX 76710
  • Utilities Included
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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

Woodway, TX Local Guide

Cheapest Available Woodway Apartments for Rent and Nearby

 

The cheapest available apartment rental in Woodway, TX is a 1 Bed unit found at Heritage Square in the West Waco neighborhood priced from $786. The Edmond in the Parkdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Woodway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage SquareA1BR,1BA$786
The EdmondThe Baylor1BR,1BA$795
Avila1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$847
Azur1 Bed, 1 Bath1BR,1BA$894
Legacy Ridge1x11BR,1BA$895

Best Value Apartments for Rent in Woodway, TX and Nearby

As of June 28, 2025 the best value apartment in the Woodway area is the $0.87 price per square foot The Ranger Model at The Edmond in the in the Parkdale neighborhood starting from $1,394. The second greatest value Woodway apartment is the Townhome Model at MeadowPark starting at $1,250 with a $1.14 price per square foot in the West Waco 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 EdmondThe Ranger3BR,3BA$0.87
MeadowParkTownhome2BR,2.5BA$1.14
Brookside Apartments2 Bedroom Townhome2BR,1.5BA$1.10
Legacy Ridge1x11BR,1BA$1.05
HunterwoodCottage2BR,1BA$1.45
TribecaOne Bedroom1BR,1BA$1.49
The Midway1x11BR,1BA$1.50
Azur1 Bed, 1 Bath1BR,1BA$1.49
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$1.55
Heritage SquareA1BR,1BA$1.36

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

Explore Woodway, TX Rentals by Map

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Getting Around Woodway, TX

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $786 at Heritage Square.

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 $799 at The Edmond.

What is the most affordable Woodway Three Bedroom Apartment?

The best deal on a cheap Woodway Three Bedroom Apartment rental is at The Edmond and starts from $1,394.

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.