
Cheap Apartments for Rent in Allen, TX from $500 (182 Rentals)
Search the lowest-cost Apartments available for rent right now in Allen.


301 Greenville

Trails at Creekside

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Watterscape Urban Residential

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Benton Pointe

Lofts at Watters Creek Apartments

Twin Creeks Crossing

Mission Eagle Pointe

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Alta Magnolia

The Carson at Twin Creeks
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

eaves Twin Creeks

Emerson at Ford Park

DeLayne at Twin Creeks

Knox Allen Station

The Jove Apartment Homes

Magnolia on the Green

The Montgomery at Watters Creek

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THE REFLECTION AT MONTGOMERY RIDGE

1415 Field Dr

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Alta at The Farm
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Theo Allen Gateway

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Dove Hollow

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Settler's Gate

Inkwell Watters Creek

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Axis at Watters Creek

1415 Field Dr

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The Link at Twin Creeks

Hartwood

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Alleia Watters Creek

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Larkspur at Twin Creeks
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

729 Junction Dr, Unit C313

Springwood at Allen

729 Junction Dr, Unit A224

729 Junction Dr, Unit C101

729 Junction Dr, Unit A446

729 Junction Dr, Unit A141

908 Wandering Way Dr

1311 Petunia Dr

563 Cumberland Dr

729 Junction Dr, Unit D300
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

729 Junction Dr, Unit A352

Chaparral Townhomes

925 Honeysuckle Ln

The Gates of Allen Station

Discovery Village @ Twin Creeks Senior Living

901 Wandering Way Dr

914 Meadow Mead Dr

530 Hightrail Dr

528 Post Oak Ln

302 Young Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Allen, TX Local Guide

How much does it cost to rent an apartment in Allen?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Allen Studio Apartments | $1,290 | $1,046 | $2,363 |
| Cheap Allen 1 Bedroom Apartments | $1,467 | $908 | $4,477 |
| Cheap Allen 2 Bedroom Apartments | $1,927 | $1,000 | $6,486 |
| Cheap Allen 3 Bedroom Apartments | $2,615 | $1,465 | $7,670 |
| Cheap Allen 4 Bedroom Apartments | $4,154 | $2,543 | $10,000+ |
Browse Top Apartments in Allen
See all Apartments in AllenExplore Allen
Allen, TX Local Guide

- Allen Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Allen Apartments for Rent
 The cheapest available apartment rental in Allen, TX is a 1 Bed unit found at Magnolia Ranch in the McKinney Greens neighborhood priced from $964. 301 Greenville in the Twin Creeks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Allen apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Magnolia Ranch | A1 Essential | 1BR,1BA | $964 |
| 301 Greenville | A1 Premium | 1BR,1BA | $999 |
| Thornbury at Chase Oaks | A4-IR | 2BR,1BA | $1,000 |
| McKinney Pointe | A1A | 1BR,1BA | $1,001 |
| Springs At Mckinney | Studio Grand Overlook | Studio,1BA | $1,011 |
| McKinney Square | A1 | 1BR,1BA | $1,040 |
| Trails at Creekside | A1 | 1BR,1BA | $1,045 |
| Opal Legacy Central | S1 ESSENTIAL LIVING | Studio,1BA | $1,046 |
| Steeplechase Apartments | A1 | 1BR,1BA | $1,047 |
| Saxon Woods | A1 | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Allen, TX
As of June 13, 2026 the best value apartment in the Allen area is the $1.26 price per square foot B1 Model at 1701 at Eldorado in the in the McKinney Greens neighborhood starting from $1,376. The second greatest value Allen apartment is the C1 Model at The Independence starting at $1,540 with a $1.46 price per square foot in the McKinney Greens neighborhood. Here is today’s list of the best values for Allen apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1701 at Eldorado | B1 | 2BR,2BA | $1.26 |
| The Independence | C1 | 3BR,2BA | $1.46 |
| The Atlantic McKinney Ranch | A1A | 1BR,1BA | $1.24 |
| MAA Times Square | Central Park | 1BR,1BA | $1.48 |
| Plaza At Chase Oaks | The Avalon | 1BR,1BA | $1.42 |
| Soho Parkway | Amyris | 1BR,1BA | $1.53 |
| Cross Creek | One Bed / One Bath | 1BR,1BA | $1.49 |
| Hunters Glen | A1 | 1BR,1BA | $1.54 |
| 301 Greenville | A1 Premium | 1BR,1BA | $1.42 |
| Steeplechase Apartments | A1 | 1BR,1BA | $1.53 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleTop Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX
Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Allen Overview
Located in the northern suburb of Dallas is the affluent community of Allen, with a population of 94,179, according to the 2014 census. With its meticulous landscape and scenery, you will love the sights and sounds as well as living in one of our lovely apartments in Allen.
Why live in Allen, TX?
" Allen is a distinctive town, with more than 61 miles of paved hiking and biking trails. There are plenty of outdoor as well as indoor activities to keep people from being bored. In fact, Allen has received multiple awards from different landscaping enmities. It is a family-friendly region and the people who live here are professionals who have values and standards in regard to building a strong community. You will love the lush greenery and atmosphere of this beauty spot, when you live in one or our wonderful Allen apartments. "
Best Local Schools in Allen, TX
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Allen, TX Rentals by Map
See the most popular apartments and homes in Allen, TX
Frequently Asked Questions about Cheap Allen Apartments
What is the Cheapest Studio apartment in Allen?
Currently the most affordable Cheap Studio Apartment in Allen is at Springs At Mckinney listed at $1,011.
How much is rent for a Cheap One Bedroom Allen Apartment?
The lowest price for a Cheap One Bedroom Allen Apartment is $964 at Magnolia Ranch.
What is the lowest price for a Cheap Two Bedroom Allen Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Allen is starting from $1,092 at Cross Creek.
What is the most affordable Allen Three Bedroom Apartment?
The best deal on a cheap Allen Three Bedroom Apartment rental is at Lakes of Eldorado and starts from $1,465.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Dallas, TX
Written by: Tiffany Clark
Dallas is a vibrant, dynamic city that offers no shortage of opportunities and a high quality of living for young professionals, families, and retirees.

Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX
Written by: Tiffany Clark
According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers
Written by: Tiffany Clark
Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years
Written by: Tiffany Clark
My ancestors on both sides were some of the earliest Texas settlers, and I have that big Texas pride that we Texans are famous for. While I've lived in other places, Texas always has been and always will be home.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.