Cheap Homes for Rent in Allen, TX from $500 (77 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Dallas's Best Affordable Neighborhoods

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Allen, TX Local Guide

Cheapest Available Allen Apartments for Rent

 

The cheapest available apartment rental in Allen, TX is a 1 Bed unit found at Kinstead in the Twin Creeks neighborhood priced from $660. Parkside at Craig Ranch Apartments in the Twin Creeks neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $941. Here is today’s list of the most affordable Allen apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kinstead1+1A - Income Restricted1BR,1BA$660
Parkside at Craig Ranch ApartmentsAgateStudio,1BA$941
Benton PointeBrighton1BR,1BA$972
Steeplechase ApartmentsA11BR,1BA$993
Thornbury at Chase OaksA1R-IR1BR,1BA$995
Hunters GlenA11BR,1BA$1,004
Lakes of EldoradoVista1BR,1BA$1,017
Soho ParkwayAloe1BR,1BA$1,048
Mission Eagle PointeA11BR,1BA$1,060
Opal Legacy CentralS1 ESSENTIAL LIVINGStudio,1BA$1,065

Best Value Apartments for Rent in Allen, TX

As of July 25, 2025 the best value apartment in the Allen area is the $1.40 price per square foot Rio Grande Model at Ridgeview Villas in the in the Twin Creeks neighborhood starting from $3,089. The second greatest value Allen apartment is the B3 Model at Hunters Glen starting at $1,929 with a $1.38 price per square foot in the Cross Creek 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.
Ridgeview VillasRio Grande3BR,2.5BA$1.40
Hunters GlenB31BR,1BA$1.38
CypressC13BR,2BA$1.51
Estancia At Ridgeview Ranch2 Bed 2 Bath 1130 SqFt (1130 Net)2BR,2BA$1.50
1701 at EldoradoB12BR,2BA$1.34
Steeplechase ApartmentsB12BR,2BA$1.52
The Gio ApartmentsB22BR,1BA$1.52
Soho ParkwayAlta Misa with Office1BR,1BA$1.48
Mission Eagle PointeA11BR,1BA$1.46
Benton PointeAshcroft1BR,1BA$1.44

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.

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Frequently Asked Questions about Allen

What type of rentals are currently available in Allen?

There are currently 143 Apartments for Rent in Allen, TX with pricing that ranges from $660 to $20,460. There are also 527 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allen ranging from $595 to $13,000.

What is the current price range for Rental Homes in Allen?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Allen ranges from $595 to $13,000 with an average monthly rent of $2,996.

How much are larger Three and Four Bedroom Rentals in Allen?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Allen range from $1,600 to $8,330, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $5,300. Four Bedroom Single-Family rentals are also available starting from $1,839 and Four Bedroom Apartments start at $2,724.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.