512 APTS review · Updated October 2026
Water Oak Apartments Review
Here's our honest take on Water Oak: current pricing, real fees, what we like, and the questions worth asking on your tour. Reviewed by 512 APTS, Austin apartment locators. If it makes your list, register with us before you tour.
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Photos coming soon
The quick take
Water Oak is an apartment community in I-35 South, built in 2022 with 292 units. Current pricing ranges from $1,065 for 1 bd to $2,045 for 3 bd. The community is currently advertising: 12wks free w/12+mo. See what we like, what we would flag, and the questions worth asking before you tour.
Market context: starting prices across the 123 I-35 South communities we track typically run $936–$1,129, and Water Oak's $1,065 starting price sits inside that range.
Current special
🎉 12 weeks free with a 12+ month lease
Pricing & floorplans
1 bd
$1,065 from
550 sq ft
2 bd
$1,320 from
980 sq ft
3 bd
$2,045 from
1295 sq ft
All floorplans & layouts
| Plan | Sq ft | W/D | Price |
|---|---|---|---|
| 1 Bedroom 1 bd / 1 ba | 550 | Full connections | $1,065–$1,260 |
| 2 Bedrooms 2 bd / 1 ba | 980 | Full connections | $1,320–$1,405 |
| 3 Bedrooms 3 bd / 1 ba | 1295 | Full connections | $2,045 |
Pricing checked October 8, 2026. Apartment pricing changes daily. Treat these as starting points, and we'll confirm today's exact quote when you register.
What to know before you tour
👍 What we like
- +New construction, built 2022: modern finishes and layouts
- +Full-size washer/dryer in unit
- +Standouts here: a pool, a fitness center, and gated entry
- +Genuinely budget-friendly: listed pricing starts around $1,065
- +Managed by Avenue5 Residential, so you know who runs the place before you tour
📝 Questions to ask on your tour
- 1.Fees listed here: $50 application fee + $150 admin fee. Ask if either is waived or credited right now, and whether the admin fee is refundable if you are not approved.
- 2.The deposit is listed as $200+. Ask for your total move-in number in writing: deposit, fees, first month, and any required renters insurance.
- 3.Which lease lengths get the best rate? The same unit can price very differently at 6, 12, or 15 months, so have them run a couple of options.
- 4.Electric, water, trash are added on top of the rent price. Ask which utilities you set up yourself and what they run in an average month.
- 5.Is the exact unit you were quoted ready by your move-in date, and how long will they hold it while you decide?
The fine print
Community fees & deposit
Paid to Water Oak, not to 512 APTS.
- Deposit: $200+
- Application fee: $50
- Admin fee: $150
Utilities
Rent + electric, water, trash
Location
12234 Heatherly Dr, Austin, TX · I-35 South
Touring Water Oak? Register and earn rewards.
Register with 512 APTS before you tour — it's your locator's job to let Water Oak know you're working with us. That's the key to earning your rewards when you sign a lease.
Water Oak: your questions, answered
How much is rent at Water Oak?
1 bd units start around $1,065/mo; 2 bd units start around $1,320/mo; 3 bd units start around $2,045/mo. Pricing changes daily, so register with 512 APTS (free) and we'll confirm today's rates and any specials.
What fees should I expect at Water Oak?
Deposit: $200+. Application fee: $50. Admin fee: $150. Always confirm fees on your quote sheet — they can change.
Where is Water Oak located?
12234 Heatherly Dr, Austin, TX, in the I-35 South area of Austin.
Does Water Oak have any specials right now?
12wks free w/12+mo. Specials rotate — register with 512 APTS and we'll confirm what's active today.
How do I tour Water Oak with 512 APTS?
Sign up and hit "Register me at this property." Your locator receives your details and handles registration with the leasing office before you tour, with 512 APTS as your referral source. Check your Tours page for the latest status, and your locator can confirm today's pricing and specials for you.
What does registering mean?
When you register with 512 APTS, your locator receives your information (beds, budget, move-in date) as a guest card and handles registration with the leasing office before you tour. When you tour and apply, make sure to list 512 APTS as your referral source, that's what earns you your rewards.
What happens when I click register?
Your locator receives your details and handles registration with the leasing office. Check your Tours page for the latest status before you visit.
More in I-35 South
Comparing options? We've pulled similar listings in I-35 South.
How we make money: 512 APTS is a licensed apartment locating service. When you list us as your referral source on your application (when it asks 'how did you hear about us?'), that property pays us a referral commission for the introduction. Properties don't pay to be reviewed, can't edit our reviews, and we flag the downsides we know about. Pricing and fees change daily; always confirm details on your official quote.