Cheap Apartments for Rent in Allen, TX from $500 (182 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Allen.

close
View Me
Benton Pointe
Rent Specials
$1,114 - $1,975
Total Monthly Price

Total Monthly Price

Base Rent
$1,114 - $1,975

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Benton Pointe

205 Benton DrAllen, TX 75013
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Alta Magnolia
Rent Specials
$1,159 - $3,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,159 - $3,500

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Alta Magnolia

1245 Blue Tractor LaneAllen, TX 75013
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
Alta at The Farm
Rent Specials
$1,315 - $2,905
Total Monthly Price

Total Monthly Price

Base Rent
$1,315 - $2,905

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Alta at The Farm

1287 Blue Tractor LnAllen, TX 75013
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
Theo Allen Gateway
Rent Specials
$1,325 - $3,990
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $3,990

Total Monthly Price
$1,325 - $3,990
Studio to 3 Bedroom Apartments Available Now

Theo Allen Gateway

2014 Southside BlvdAllen, TX 75013
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Dove Hollow
$1,347 - $1,796
Total Monthly Price

Total Monthly Price

Base Rent
$1,347 - $1,796

Total Monthly Price
$1,347 - $1,796
1 to 2 Bedroom Apartments Contact Us For Availability

Dove Hollow

540 E Bethany DrAllen, TX 75002
Affordability
  • Verified
  • Customer Reviewed
close
View Me
Settler's Gate
Rent Specials
$1,350 - $1,902
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $1,902

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Settler's Gate

1420 W McDermott DrAllen, TX 75013
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Alleia Watters Creek
Rent Specials
$1,462 - $2,735
Total Monthly Price

Total Monthly Price

Base Rent
$1,462 - $2,735

Total Monthly Price
$1,462 - $2,735
1 to 2 Bedroom Apartments Available Now

Alleia Watters Creek

1165 Montgomery BlvdAllen, TX 75013
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Smoke Free

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.

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.

close
View Me
Chaparral Townhomes
2 to 4 Bedroom Apartments

Chaparral Townhomes

351 Chaparral RdAllen, TX 75002
  • Utilities Included
property at 302 Young Dr

$1,975

Total Monthly Price

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

3 Bedroom, 2 Bath Home for Rent

Available Now

302 Young Dr

AllenTX75002

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

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

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 ListingModel NameBed/BathPriced From
Magnolia RanchA1 Essential1BR,1BA$964
301 GreenvilleA1 Premium1BR,1BA$999
Thornbury at Chase OaksA4-IR2BR,1BA$1,000
McKinney PointeA1A1BR,1BA$1,001
Springs At MckinneyStudio Grand OverlookStudio,1BA$1,011
McKinney SquareA11BR,1BA$1,040
Trails at CreeksideA11BR,1BA$1,045
Opal Legacy CentralS1 ESSENTIAL LIVINGStudio,1BA$1,046
Steeplechase ApartmentsA11BR,1BA$1,047
Saxon WoodsA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1701 at EldoradoB12BR,2BA$1.26
The IndependenceC13BR,2BA$1.46
The Atlantic McKinney RanchA1A1BR,1BA$1.24
MAA Times SquareCentral Park1BR,1BA$1.48
Plaza At Chase OaksThe Avalon1BR,1BA$1.42
Soho ParkwayAmyris1BR,1BA$1.53
Cross CreekOne Bed / One Bath1BR,1BA$1.49
Hunters GlenA11BR,1BA$1.54
301 GreenvilleA1 Premium1BR,1BA$1.42
Steeplechase ApartmentsA11BR,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 Article
Decorative image

Top 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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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. "

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Allen, TX Rentals by Map

View Map
Allen, TX Apartments Map
View Map
Allen, TX Rental Homes Map

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

decorative image for The 10 Best Affordable Neighborhoods in Dallas, TX article

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.

decorative image for Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX article

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.

decorative image for The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers article

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.

decorative image for An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.