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City Report · TX

Woodway

Pop. 9,570·90th most expensive in Texas·Woodway rents are up 5.3% over the past year
Median rent (all units)
$1,793/mo
Year-over-Year
+5.3%
Month-over-Month
+0.2%
vs US Median
-$172
Stable (Monthly)
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Most AffordableMost Expensive
Woodway · $1,793
More affordable than 54% of US cities · National median $1,965/mo
Rent Reality Score
45/100
Fairly priced
OverheatedFairGreat value

Rents are 2% above what Woodway's 10-year trend predicts — running hotter than its own history.

Actual rent
$1,793/mo
Expected by trend
$1,753/mo
The Rent Reality Score compares today's median rent to where Woodway's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,290
2 BR
$1,610
3 BR
$2,080
4 BR+
$2,130
Research median
$1,610/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$21,516/yr
At $1,793/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.3% YoY, +0.2% MoM), not inventory.
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Demographics

Who lives here

Woodway, TX is majority owner-occupied, has a large retiree population, has a median income above the national average, 65.1% of residents hold a bachelor's degree or higher.

Population
9,570
Median income
$115,108
Median age
43.6
Renters
9.2%
Age distribution
23%
16.7%
21.9%
15.4%
23%
Under 1823%
18–3416.7%
35–5421.9%
55–6415.4%
65+23%
Gender
44.3%
55.7%
Male44.3%
Female55.7%
Race & ethnicity
88.1%
White88.1%
Black2.9%
Hispanic10.1%
Asian2.1%
Education (25+)
12.1%
22.1%
65.1%
No HS diploma0.7%
HS diploma12.1%
Some college22.1%
Bachelor's+65.1%
Housing tenure
90.8%
Owner90.8%
Renter9.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Woodway, TX has changed in 5 years

Income
$105,483 → $115,108
up 9.1%
Population
9,310 → 9,570
up 2.8%
Renter share
11.8% → 9.2%
-2.6 pts
Bachelor's+
60.2% → 65.1%
+4.9 pts
Median age
42.2 → 43.6
+1.4 yrs

Household income in the area moved from $105,483 to $115,108 across the same window, up 9.1% versus 2021. Headcount in the area went from 9,310 to 9,570 between 2021 and 2024, a 2.8% change. About 9.2% of households rent today, against 11.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.2% to 65.1%.

Community

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View Woodway rent history (2015–2026) →
Salary vs rent

Can you afford rent in Woodway on your salary?

At $1,793/mo, how Woodway rent compares to typical pay (30% rule).

By apartment size

Woodway rent by bedroom count

Median rent for each apartment size in Woodway. Click any size for full breakdown.

Local insights

Tips for renters in Woodway

About renting in Woodway, TX

Last updated: July 20, 2026

The median rent in Woodway is $1,793/mo as of July 2026. A studio apartment averages $1,100/mo while a 2-bedroom runs $1,610/mo. One-bedroom apartments average $1,290/mo and 3-bedroom units go for $2,080/mo.

At 19% of local median household income ($115,108/yr), Woodway ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

Is Woodway an affordable city for renters?

Woodway is considered very affordable for renters. At $1,793/mo, rent takes approximately 19% of the local median household income ($115,108/yr). The standard benchmark is 30%. Woodway falls comfortably within that range.

How much income do you need to rent in Woodway?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,793/mo in Woodway. The local median household income is $115,108/yr, meaning the typical Woodway household meets that threshold.

Is rent going up or down in Woodway?

Rent in Woodway has increased 5.3% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Woodway rent compare to other cities in Texas?

Woodway is one of the pricier cities in Texas for rent, ranking #90 out of 269 tracked cities at $1,793/mo.

Which nearby cities are cheaper to rent in than Woodway?

Several nearby cities have lower median rents than Woodway ($1,793/mo): Lacy-Lakeview ($1,259/mo), Waco ($1,369/mo), Temple ($1,428/mo).

What percentage of Woodway residents rent vs. own?

According to Census data, approximately 9.2% of Woodway households are renters, while 90.8% are owner-occupied. Woodway leans toward homeownership, which can mean a smaller rental inventory.

How does Woodway rent compare to the national average?

Woodway's median rent of $1,793/mo is $172 (9%) below the US national median of $1,965/mo. Within Texas, it ranks #90 out of 269 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,793/mo, rent takes ~19% of Woodway's median household income ($115,108/yr). The standard benchmark is 30%.

Woodway 19%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Woodway, TX

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