Cheap Apartments for Rent in Woodway, TX from $500 (16 Rentals)

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Tennyson Arms
1 Bedroom Apartments

Tennyson Arms

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

Legacy Ridge

2506 Hilltop DrWaco, TX 76710

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 Heritage Square in the West Waco neighborhood priced from $781. The Edmond in the Parkdale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Woodway apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage SquareA1BR,1BA$781
The EdmondThe ArmstrongStudio,1BA$799
Avila1 Bed, 1 Bath1BR,1BA$853
Madeira ApartmentsMatador1BR,1BA$945
Sandstone1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$949

Best Value Apartments for Rent in Woodway, TX

As of November 17, 2025 the best value apartment in the Woodway area is the $1.00 price per square foot 2 Bed Townhome Model at Park Place Apartments in the in the Parkdale neighborhood starting from $1,300. 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.
Park Place Apartments2 Bed Townhome2BR,2.5BA$1.00
Woodway Park Condominiums2 Bed Townhome2BR,1.5BA$1.00
MeadowParkTownhome2BR,2.5BA$1.14
The Colony ApartmentsUnit E2BR,2BA$1.31
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Brookside ApartmentsOne Bedroom1BR,1BA$1.40
Three 44 ApartmentsA11BR,1BA$1.52
Avila1 Bed, 1 Bath1BR,1BA$1.42
Heritage SquareA1BR,1BA$1.47
The EdmondThe ArmstrongStudio ,1BA$1.52

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Location, Location, Location!

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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 $781 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 $954 at Avila.

What is the most affordable Woodway Three Bedroom Apartment?

The best deal on a cheap Woodway Three Bedroom Apartment rental is at Heritage Square and starts from $1,174.

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.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.