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Woodway, TX Homes for Rent

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  • 8014 W Highway 84, Waco, TX 76712
    8014 W Highway 84, Waco, TX 76712
    8014 W Highway 84, Waco, TX 76712
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    Starting at $895 Per Month

    • Studio - 3 Beds

    8014 W Highway 84, Waco, TX 76712

    The Colony Apartments in Waco is your next home! We're in a great location within the Midway Independent School District with easy access to Highway 84 and public transportation. Relax by one of our two sparkling pools or curl up by the fireplace when the weather turns cold. Our homes are pet friendly and offer extra storage, ceiling fans and oversized closets. Washer and dryer connections let

    The Colony Apartments

    (254) 382-8618

    8014 W Highway 84, Waco, TX 76712
  • 5903 Woodway Dr, Waco, TX 76712
    5903 Woodway Dr, Waco, TX 76712
    5903 Woodway Dr, Waco, TX 76712
    /35

    $1,650 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Waco - Woodway

    5903 Woodway Dr, Waco, TX 76712

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Waco - Woodway

    (254) 268-5779

    5903 Woodway Dr, Waco, TX 76712
  • 1500-1549 Western Oaks Dr, Woodway, TX 76712
    1500-1549 Western Oaks Dr, Woodway, TX 76712
    1500-1549 Western Oaks Dr, Woodway, TX 76712
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    Starting at $1,200 Per Month

    • 2 Beds

    1500-1549 Western Oaks Dr, Woodway, TX 76712

    Woodway Park Condominiums offer comfortable townhouses living in a nice, quiet neighborhood with convenient access to everything you need. Located near Lake Waco, Richland Mall, two H-E-B locations, Target, Walmart, two major hospitals and several local schools, these homes combine comfort with convenience. You’ll also find beautiful outdoor spaces nearby, including several parks and the Carleen

    Woodway Park Condominiums

    (254) 400-2351

    1500-1549 Western Oaks Dr, Woodway, TX 76712
  • 7301 Sanger Ave, Waco, TX 76712
    7301 Sanger Ave, Waco, TX 76712
    7301 Sanger Ave, Waco, TX 76712
    /35

    Starting at $945 Per Month

    • 1 - 2 Beds

    7301 Sanger Ave, Waco, TX 76712

    Charming gated community located in quiet residential neighborhood next to Woodway. Lovely wooded surroundings in close proximity to Lake Waco, The Arboretum, Ascension Providence, USPS, Richland Mall, Restaurants, HEB & Walmart, just off Hwy 6 and Hwy 84. Our quaint community features, Large Sparkling Pool with expansive sun deck and propane grill. A Charcoal grill and dining area is also

    Madeira Apartments

    (254) 848-0204

    7301 Sanger Ave, Waco, TX 76712
  • 179 Weldon Dr, Woodway, TX 76712
    179 Weldon Dr, Woodway, TX 76712
    179 Weldon Dr, Woodway, TX 76712
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    $1,880 Per Month

    • 3 Beds
    • 2 Baths
    • 1,762 Sq Ft
    • House for Rent

    179 Weldon Dr, Woodway, TX 76712

    Property Id: 2561344Welcome to your dream home in Woodway, TX! This charming 3 bed, 2 bath single-family unit features modern amenities including a dishwasher, refrigerator, and fenced yard. With laminate and vinyl flooring, central air, and a garage, this property won't last long. Available from May 15, 2026, for $1880/month. Don't miss out on this gem!

    (254) 595-5165

    179 Weldon Dr, Woodway, TX 76712
  • 207 Estates Dr, Woodway, TX 76712
    207 Estates Dr, Woodway, TX 76712
    207 Estates Dr, Woodway, TX 76712
    /20

    $2,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,425 Sq Ft
    • In the Heart of Woodway!

    207 Estates Dr, Woodway, TX 76712

    This inviting 3-bedroom, 2-bathroom home is located in the desirable Woodway area, offering both comfort and convenience. Situated in the highly-rated Midway ISD, it’s perfect for families. The spacious master suite includes a luxurious bathroom with a jetted tub, ideal for unwinding after a long day. The home boasts a formal dining room, perfect for hosting gatherings, and a large living room

    207 Estates Dr, Woodway, TX 76712
  • 8824 Old McGregor Rd, Woodway, TX 76712
    8824 Old McGregor Rd, Woodway, TX 76712
    8824 Old McGregor Rd, Woodway, TX 76712
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    $1,050 Per Month

    • 2 Beds
    • 1 Bath
    • 810 Sq Ft
    • The Depot Apartment Homes

    8824 Old McGregor Rd, Woodway, TX 76712

    The Depot Apartment Homes are nestled in a quiet, established neighborhood in the suburbs of Woodway. At The Depot Apartment Homes, we offer more than a community; it’s a lifestyle. With only forty-four (44) apartment homes, you are sure to enjoy harmonious and peaceful living.Our two-bedroom / one-bathroom floor plans are strategically designed for comfortable living. The open concept

    8824 Old McGregor Rd, Woodway, TX 76712
  • 1727 Ramada Dr, Waco, TX 76712
    1727 Ramada Dr, Waco, TX 76712
    1727 Ramada Dr, Waco, TX 76712
    /29

    $1,950 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    1727 Ramada Dr, Waco, TX 76712

    This charming 3-bedroom, 2-bath home offers an inviting open-concept layout perfect for modern living and entertaining. Nestled in a quiet, well-established neighborhood with beautiful mature trees, the property provides both comfort and privacy. Located within the highly sought-after Midway ISD, it's ideal for families seeking excellent schools. The spacious backyard is perfect for gatherings,

    1727 Ramada Dr, Waco, TX 76712
  • 10032 Braided Briar Ln, Woodway, TX 76712
    10032 Braided Briar Ln, Woodway, TX 76712
    10032 Braided Briar Ln, Woodway, TX 76712
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    $2,995 Per Month

    • 4 Beds
    • 2 Baths
    • 2,045 Sq Ft
    • House for Rent

    10032 Braided Briar Ln, Woodway, TX 76712

    Newly custom built 4 bedroom 2 bath with an attached 2 car garage, Located in the Creekside subdivision of Woodway. Midway ISD. Upgraded counter tops, cabinets, light fixtures, flooring, and more! Call today to set up a private tour today!

    10032 Braided Briar Ln, Woodway, TX 76712
Texas Mclennan County Woodway

Homes for Rent in Woodway, TX

Why Live in Woodway

Woodway, TX, a suburb of Waco, has grown significantly since the 1950s and now boasts a population of around 9,000. Known for its highly rated Midway Independent School District, which ranks among the top in Texas, the city attracts families seeking quality education. Midway High School is particularly noted for its strong academics, athletics, and music programs. Woodway offers a variety of attractions, including the scenic Lake Waco, which provides opportunities for fishing, picnicking, and boating. The Carleen Bright Arboretum, a 16-acre botanical garden, hosts events like a monthly farmers market and features a monarch butterfly habitat. For golf enthusiasts, Bear Ridge Golf Club is nearby. The city is safer than the national average, with lower crime rates compared to Waco. Woodway's real estate market includes homes ranging from $250,000 to over $1 million, with luxury properties near Lake Waco. However, potential buyers should be aware of the flood risk in these areas. The city is conveniently located 5 miles from downtown Waco and 10 miles from Waco Regional Airport, with easy access to shopping at Richland Mall and dining options along Route 84. Despite the presence of the City of Waco Landfill, which is set to close by the end of 2025, Woodway remains a desirable location for its natural beauty and community amenities.

Learn more about living in Woodway

Frequently Asked Questions

How much does it cost to rent a home in Woodway, TX?
The median rent for a home in Woodway, TX is $2,000 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Woodway, TX?
To comfortably afford the median rent in Woodway, TX, a household needs to earn roughly $80,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,000 per month in Woodway, TX, renters typically need to show $6,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Woodway, TX?
In Woodway, TX, the price-to-rent ratio is 16.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Woodway, TX are best for renting a home?
The best neighborhood for renting in Woodway, TX depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Waco, Parkdale Viking Hills, Mountainview, Brookview and Dean Highland, each with its own character and price range.

Rental Home Trends in Woodway, TX

There are currently 9 homes available for rent in Woodway, TX. The median rent is $2,000 per month, with single-family homes renting at $2,000.

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$2,000
Median Single Family Home Rent
$2,000
How to Rent a Home

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