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Cheap Apartments for Rent in the Oakwood Neighborhood of Waco, TX from $300 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Oakwood area of Waco.
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2005 S 8th St
WacoTX76706
1021 Elise Ave
WacoTX76706
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Oakwood
Named as one of the Best Affordable Neighborhoods to rent in Waco by our Local Expert for Texas, Rhonda R Fletcher. See how it ranks!
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Oakwood, Waco, TX Local Guide
How much does it cost to rent an apartment in Oakwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Oakwood Studio Apartments | $1,532 | $1,399 | $1,635 |
| Oakwood 1 Bedroom Apartments | $1,613 | $885 | $2,915 |
| Oakwood 2 Bedroom Apartments | $1,740 | $770 | $3,835 |
| Oakwood 3 Bedroom Apartments | $1,539 | $700 | $2,445 |
| Oakwood 4 Bedroom Apartments | $1,111 | $690 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Oakwood Neighborhood of Waco, TX.
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Oakwood, Waco, TX Local Guide
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Cheapest Available Oakwood Apartments for Rent
The cheapest available apartment rental in the Oakwood area of Waco, TX is a 2 Beds unit found at URSA priced from $985. 19Eleven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here are the most affordable Oakwood apartments for rent in Waco, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| URSA | 2BR/2BA - Flat | 2BR,2BA | $985 |
| 19Eleven | 1 Bedroom 1 Bath | 1BR,1BA | $1,049 |
| RIVERCREST | A1 | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Oakwood, TX
As of March 24, 2025 the best value apartment in the Oakwood area is the $1.28 price per square foot 3/2.5 Model at The Centre in the in the Carver neighborhood starting from $1,549. The second greatest value Oakwood apartment is the B2 Model at Roots at Waco starting at $1,393 with a $1.44 price per square foot in the Oakwood neighborhood. Here is today’s list of the best values for Oakwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Centre | 3/2.5 | 3BR,2.5BA | $1.28 |
| Roots at Waco | B2 | 2BR,2BA | $1.44 |
| URSA | 2BR/2BA - Flat - Pool View | 2BR,2BA | $1.20 |
| Tuscany Ranch Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.63 |
| Outpost at Waco | A1 | 1BR,1BA | $2.17 |
| Wayfare - Waco | Addison (A1) | 1BR,1BA | $1.99 |
| 19Eleven | 1 Bedroom 1 Bath | 1BR,1BA | $1.44 |
| Riverfront Lofts | A8B | 1BR,1BA | $2.38 |
| LUXE AT 1300 | Calico | 1BR,1BA | $1.63 |
| RIVERCREST | A1 | 1BR,1BA | $1.95 |
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Pet Friendly LifestyleOakwood, Waco, TX
Ranked #11
Among neighborhoods in Waco, TX for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Oakwood Apartments
What is the price of a cheap apartment in Oakwood?
The cheapest apartment in Oakwood is 19Eleven which is listed at $1,049, while the average apartment in Oakwood costs $1,699.
What types of apartments are the cheapest in Oakwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,577 regular apartments in Oakwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Oakwood?
Cheap apartments in Oakwood have an average cost of $579 which is $1,120 cheaper than the average rent for all rentals in Oakwood.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.