
Cheap Homes for Rent in Woodway, TX from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Woodway.


2700 W Waco Dr

8824 Old McGregor Rd

3921 Roselawn Dr

6700 Old Briarstown Dr

6608 Wiethorn Dr
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.

6602 Wiethorn Dr

4013 James Ave

920 Camp Dr

4000 Acree St

3116 Bosque Blvd

1309 Chapelwood Dr
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.
Woodway, TX Local Guide

How much does it cost to rent a home in Woodway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Woodway 2 Bedroom Homes for Rent | $1,232 | $1,025 | $1,499 |
| Woodway 3 Bedroom Homes for Rent | $1,916 | $1,150 | $3,000 |
| Woodway 4 Bedroom Homes for Rent | $2,437 | $1,995 | $2,650 |
| Woodway 5 Bedroom Homes for Rent | $9,000 | $9,000 | $9,000 |
Browse Top Homes for Rent in Woodway
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Woodway, TX Local Guide
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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 $755. Here is today’s list of the most affordable Woodway apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rambler Heights | 1 Bedroom | 1BR,1BA | $750 |
| Avila | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $755 |
| Heritage Square | A | 1BR,1BA | $774 |
| The Edmond | The Armstrong | Studio,1BA | $799 |
| Sunrise Pointe | A1 | 1BR,1BA | $840 |
Best Value Apartments for Rent in Woodway, TX
As of April 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 $1,818. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Majestic at Hewitt | 3/2 MA | 3BR,2BA | $1.35 |
| Woodway Park Condominiums | 2 Bed Townhome | 2BR,1.5BA | $1.00 |
| Park Place Apartments | Two Bedroom | 2BR,2BA | $1.04 |
| MeadowPark | Townhome | 2BR,2.5BA | $1.14 |
| Lake Air Green Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Sunrise Pointe | B1 | 2BR,1BA | $1.19 |
| Brookside Apartments | One Bedroom | 1BR,1BA | $1.40 |
| Rambler Heights | 1 Bedroom | 1BR,1BA | $1.10 |
| Three 44 Apartments | A1 | 1BR,1BA | $1.47 |
| Avila | 1 Bed, 1 Bath | 1BR,1BA | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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 ArticleTop 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 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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See the most popular apartments and homes in Woodway, TX
Frequently Asked Questions about Woodway
What type of rentals are currently available in Woodway?
There are currently 72 Apartments for Rent in Woodway, TX with pricing that ranges from $755 to $2,088. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Woodway ranging from $1,025 to $9,000.
What is the current price range for Rental Homes in Woodway?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Woodway ranges from $1,025 to $9,000 with an average monthly rent of $3,177.
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

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.

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.