Cheap Homes for Rent in Woodway, TX from $1,000 (12 Rentals)

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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.

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

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 ListingModel NameBed/BathPriced From
Rambler Heights1 Bedroom1BR,1BA$750
Avila1 Bed, 1 Bath (80% Income Restricted)1BR,1BA$755
Heritage SquareA1BR,1BA$774
The EdmondThe ArmstrongStudio,1BA$799
Sunrise PointeA11BR,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 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
Lake Air Green Apartments1 Bed, 1 Bath1BR,1BA$1.18
Sunrise PointeB12BR,1BA$1.19
Brookside ApartmentsOne Bedroom1BR,1BA$1.40
Rambler Heights1 Bedroom1BR,1BA$1.10
Three 44 ApartmentsA11BR,1BA$1.47
Avila1 Bed, 1 Bath1BR,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.

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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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The 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.

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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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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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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 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

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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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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.

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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.

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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.