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Woodway, TX Homes for Rent

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    Starting at $825 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

    8014 W Highway 84, Waco, TX 76712
  • /35

    $1,920 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

    5903 Woodway Dr, Waco, 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

    1500-1549 Western Oaks Dr, Woodway, TX 76712
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    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

    7301 Sanger Ave, Waco, TX 76712
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    $2,500 Per Month

    • 3 Beds
    • 2 Baths
    • 2,223 Sq Ft
    • House for Rent

    518 Fairway Rd, Woodway, TX 76712

    Now available for lease in the highly sought-after Midway ISD, this spacious and updated home offers comfort, style, and functionality. Enjoy a modern kitchen with updated finishes, brand new flooring throughout, a formal living room, a dedicated office, and a large den that provides flexible space for work, relaxation, or entertaining. Conveniently located near local amenities, this home

    NaToya Alexander Keller Williams Realty, Waco

    518 Fairway Rd, Woodway, TX 76712
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    $2,500 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,500 Sq Ft
    • Spacious 4-Bedroom Home on Quiet Cul-de-Sac

    6628 La Sol Ln, Waco, TX 76712

    This 4-bedroom, 2.5-bathroom home offers comfort and convenience in a popular neighborhood on a peaceful cul-de-sac. Enjoy a large living area, a private primary bedroom with en-suite bath, and three additional bedrooms sharing a Jack and Jill bathroom. The fenced backyard features raised garden beds, perfect for gardening. Extra storage is available in the laundry room and garage. Located near a

    6628 La Sol Ln, Waco, TX 76712
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    $2,250 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,199 Sq Ft
    • Application Received! Bright & Spacious 3BR/2.5BA with Loft and Two-Car Garage in Sendero Springs

    6413 Tierra Dr, Waco, TX 76712

    Application Received! Welcome home to this spacious 3-bedroom, 2.5-bathroom two-story rental tucked away on a cul-de-sac in the desirable Sendero Springs community. Enjoy an open and inviting layout featuring a formal dining room, upstairs loft, large windows with abundant natural light, and a fully fenced backyard with a covered patio. The primary suite offers a garden tub, separate shower,

    6413 Tierra Dr, Waco, TX 76712
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    $2,050 Per Month

    • 3 Beds
    • 2 Baths
    • 1,670 Sq Ft
    • Woodway 3 Bedroom Home

    7733 Fairway Rd, Waco, TX 76712

    Apply now: Superb updates throughout! Open 3br/2ba, formal living, dining & den with wood-burning fireplace. Beautiful wood flooring and tile. Kitchen has granite granite island, stainless appliances, pendant and recessed lighting. Baths have granite vanities & tile surrounds. Master bath has tiled shower with glass front. Updated lights, fans and hardware throughout. 2" blinds.

    7733 Fairway Rd, Waco, TX 76712
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    $875 Per Month

    • 1 Bed
    • 1 Bath
    • 1 Bedroom Duplex

    156 Lindsey Cir, Waco, TX 76712

    This charming 1-bedroom, 1-bathroom duplex in Speegleville, TX, offers peaceful country living with wide-open spaces while keeping you close to town and Lake Waco. The open-concept living area is bright and inviting, with a modern kitchen and a comfortable bedroom for relaxation. Enjoy the quiet surroundings and easy access to outdoor recreation. Just a short drive to shopping, dining, and

    156 Lindsey Cir, Waco, TX 76712
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    $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
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    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,781 Sq Ft
    • House for Rent

    701 Topeka Dr, Waco, TX 76712

    Welcome home to this charming 3-bedroom, 2-bath residence situated on a spacious corner lot in a well-established neighborhood. Surrounded by mature trees, this property offers plenty of shade, character, and curb appeal. Inside, you'll find a comfortable layout with ample living space, perfect for everyday living and hosting family and friends. Step outside to the large backyard, an ideal

    701 Topeka Dr, Waco, 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

    *SPECIAL: FREE July rent, WAC*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

    8824 Old McGregor Rd, Woodway, TX 76712
  • /17

    $1,795 Per Month

    • 4 Beds
    • 2 Baths
    • 1,797 Sq Ft
    • House for Rent

    8507 Bosque Blvd, Waco, TX 76712

    Welcome to your new home! This spacious 4-bedroom, 2-bathroom home offers 1,797 square feet of comfortable living space in a peaceful setting. The recently remodeled kitchen features modern finishes and provides the perfect space for cooking and entertaining.This home comes complete with a washer and dryer, making move-in even more convenient. Step outside onto the beautiful back deck and

    8507 Bosque Blvd, Waco, TX 76712

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.

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 $2,100 per month, though prices vary by neighborhood, size, and property type. As of July 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 $84,000 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 $2,100 per month in Woodway, TX, renters typically need to show $6,300 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 15.6, 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

Number of Homes for Rent
13
Median Rent
$2,100
Median Single Family Home Rent
$2,050
How to Rent a Home