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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
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    $1,697 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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    $1,849 Per Month

    • 3 Beds
    • 2 Baths
    • 1,535 Sq Ft
    • House for Rent

    396 Fernwood Dr, Woodway, TX 76712

    Property Id: 1132084 MOVE IN SPECIAL $1500 Welcome to your dream home in Woodway, TX! This charming single-family home features 3 bedrooms, 2 bathrooms, a spacious garage, and a cozy fireplace. Enjoy the convenience of a dishwasher, refrigerator, and oven, as well as a fenced yard for your furry friends. With linoleum and tile flooring throughout, washer/dryer hookups, and a central

    396 Fernwood Dr, Woodway, TX 76712
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    $2,300

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,758 Sq Ft
    • House for Rent

    8718 Panther Dr, Waco, TX 76712

    This spacious 3-bedroom, 2-bathroom home offers approximately 1,750 square feet of comfortable living space in a desirable Woodway location. The home features a practical layout with inviting living areas, a functional kitchen, and generously sized bedrooms. Conveniently located near Lake Waco, schools, shopping, dining, and major roadways, this property offers a great combination of comfort,

    8718 Panther Dr, 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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    $1,900 Per Month

    • 3 Beds
    • 2 Baths
    • 1,425 Sq Ft
    • House for Rent

    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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    $5,500 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,575 Sq Ft
    • House for Rent

    9916 Sandalwood Dr, Woodway, TX 76712

    We're delighted to share completion pictures of this distinctive Woodway area home brought to you by The McLeod Company (design firm) and Texas Contracting Solutions, LLC (building firm). ~~ Located right in the heart of Woodway and ultra-convenient to nearly everything, you simply can't ask for a better location! Perched on a hill at the top of the street's horseshoe, this three or four bedroom

    Matthew McLeod The McLeod Company

    9916 Sandalwood Dr, Woodway, TX 76712
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    $1,595 Per Month

    • 2 Beds
    • 2 Baths
    • 1,395 Sq Ft
    • House for Rent

    13001 Woodway Dr, Waco, TX 76712

    Midway ISD Tenant is responsible for septic tank & propane.DISCLAIMER: The photos and/or videos may be a general representation of the properties. You must do an interior walk-thru of the unit before you apply. We will cancel all applications that do not comply. You can only view properties that are listed as available NOW. We keep lock boxes on all units for self tour. You can

    13001 Woodway Dr, Waco, TX 76712
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    $3,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,486 Sq Ft
    • House for Rent

    10801 Rick Dr, Waco, TX 76712

    Move-in ready and completely redone from top to bottom! This beautifully updated 3-bedroom, 2-bath brick home sits on a spacious lot in the heart of Woodway, within the highly regarded Midway ISD. Fresh, modern finishes throughout give this home a like-new feel while keeping its classic Woodway charm.Inside you'll find a bright, open living space, a formal dining area, and a breakfast

    10801 Rick Dr, Waco, TX 76712
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    $3,300 Per Month

    • 4 Beds
    • 2 Baths
    • 2,098 Sq Ft
    • House for Rent

    10357 Fallen Leaf Dr, Waco, TX 76712

    Beautiful 4-bedroom, 2-bath home offering approximately 2,098 square feet of living space with an open and spacious floor plan. The large living room features vaulted ceilings, an exposed wood beam, fireplace, and plenty of natural light. The kitchen includes quartz countertops, an oversized island, farmhouse sink, stainless steel appliances, refrigerator, and abundant cabinet and counter

    10357 Fallen Leaf Dr, Waco, TX 76712
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    $1,395 Per Month

    • 3 Beds
    • 2 Baths
    • 1,257 Sq Ft
    • House for Rent

    324 Mill Creek Cir, Woodway, TX 76712

    Introducing a charming 3-bedroom, 2-bathroom house located in the heart of Waco, TX. This home features original hardwood flooring throughout, adding a touch of character and warmth to the space. Stay comfortable year-round with central heating and air conditioning. The spacious rooms provide plenty of room for living and entertaining. Don't miss out on the opportunity to make this house your

    324 Mill Creek Cir, Woodway, TX 76712
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    $895 Per Month

    • 2 Beds
    • 1 Bath
    • 810 Sq Ft
    • House for Rent

    8824 Old McGregor Rd, Woodway, TX 76712

    The Depot Apartment Homes are nestled in a quiet, established neighborhood in the suburb 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
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    $2,400 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,500 Sq Ft
    • House for Rent

    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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    $2,595 Per Month

    • 3 Beds
    • 2 Baths
    • 2,184 Sq Ft
    • House for Rent

    9112 Monarch Dr, Waco, TX 76712

    Apply now: Gorgeous home on tree-covered lot in Midway ISD! Living room has wood-burning fireplace that opens to the kitchen and breakfast area. Spacious kitchen with island and lots of counter space. Beautiful backyard with nice patio perfect for entertaining. Pets allowed with pet fee; breed restrictions listed here:

    9112 Monarch Dr, Waco, TX 76712
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    $1,995 Per Month

    • 3 Beds
    • 2 Baths
    • 1,594 Sq Ft
    • House for Rent

    409 Sharron Dr, Woodway, TX 76712

    Apply now: Updated 3-bedroom, 2-bathroom home in Midway ISD! Plank flooring throughout the house. Formal living room, and spacious den/dining area with lots of natural light. The kitchen has been updated with a six-burner gas range, upgraded cabinets, a stainless refrigerator, and a dishwasher. Master suite has two closets and a private bathroom with a walk-in shower. Backyard patio,

    409 Sharron Dr, Woodway, TX 76712
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    $2,050 Per Month

    • 3 Beds
    • 2 Baths
    • 1,670 Sq Ft
    • House for Rent

    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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    $1,095 Per Month

    • 2 Beds
    • 1 Bath
    • 1,036 Sq Ft
    • House for Rent

    7316 Sanger Ave, Waco, TX 76712

    AUGUST RENT FREE, WAC*Each unit is a two-bedroom / one-bathroom and includes the kitchen stove / oven and refrigerator. Water is paid. This property is in a great location near restaurants and shopping with easy access to Highway 6 and in the Waco ISD school district.DISCLAIMER: The photos and/or videos may be a general representation of the properties. You must do an interior

    7316 Sanger Ave, Waco, TX 76712
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    $2,150 Per Month

    • 3 Beds
    • 2 Baths
    • 1,624 Sq Ft
    • House for Rent

    6533 Crystal Ct, Waco, TX 76712

    Welcome home to this beautifully maintained 3-bedroom, 2-bathroom home located in the highly sought-after **Midway ISD**. Designed with both comfort and functionality in mind, this home offers an inviting layout that's perfect for everyday living and entertaining family and friends. The spacious living and dining areas flow seamlessly, creating the ideal setting for hosting gatherings or enjoying

    6533 Crystal Ct, Waco, TX 76712
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    $1,095 Per Month

    • 2 Beds
    • 1 Bath
    • 994 Sq Ft
    • House for Rent

    7204 Sanger Ave, Waco, TX 76712

    Apply now: 2-Bedroom 1-bathroom triplex unit located off of Sanger Ave, near the Post Office. Newly renovated unit features plank flooring and fresh paint. The kitchen and dining area has laundry hookups, additional storage cabinets and stainless appliances - refrigerator, stove/oven, and dishwasher. New granite counters and backsplash. Primary bedroom has a built in desk. Lawn care and

    7204 Sanger Ave, Waco, TX 76712
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    $2,600 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,529 Sq Ft
    • Condo for Rent

    1694 McLennan Crossing Rd, Waco, TX 76712

    Illuminated by the warm Texan sun, 1694 McLennan Crossing Road in Woodway offers an inviting blend of comfort and style in its spacious 2,529 sq ft layout. This charming home boasts four well-appointed bedrooms, perfect for rest, coupled with two full baths and an additional half bath for convenience. Step into a world of modern living where every corner exudes elegance and functionality. The

    1694 McLennan Crossing Rd, 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 $2,022 per month, though prices vary by neighborhood, size, and property type. As of August 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 $80,880 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 $2,022 per month in Woodway, TX, renters typically need to show $6,066 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 15.5, 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, Mountainview, Landon Branch, Brookview and Dean Highland, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
22
Median Rent
$2,022
Median Single Family Home Rent
$1,995
How to Rent a Home