Cheap Homes for Rent in Allen, TX from $500 (54 Rentals)

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

property at 1619 Collin Dr

$649

Total Monthly Price

Total Monthly Price

Base Rent
$649
Total Monthly Price
$649

6 Bedroom, 3 Bath Home for Rent

Available Now

1619 Collin Dr

AllenTX75002
property at 3384 P Ave

$757

Total Monthly Price

Total Monthly Price

Base Rent
$757
Total Monthly Price
$757

4 Bedroom, 2 Bath Home for Rent

Available Now

3384 P Ave

PlanoTX75074

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.

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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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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.

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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.

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property at 1614 Collin Dr

$1,840

Total Monthly Price

Total Monthly Price

Base Rent
$1,840
Total Monthly Price
$1,840

2 Bedroom, 2 Bath Home for Rent

Available Jun 15

1614 Collin Dr

AllenTX75002
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

Beyond Big D: The Ultimate Renter's Guide to 5 Key Cities in the DFW Area

Your complete guide to renting in the DFW suburbs. Learn about 5 cities near Dallas—from the affordability of Duncanville to the upscale living of Southlake—to choose where to call home.

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Showing Results 1-50, Page 1 of 2

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 Ranch At Ridgeview in the Twin Creeks neighborhood priced from $983. Thornbury at Chase Oaks in the Twin Creeks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $997. Here is today’s list of the most affordable Allen apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ranch At RidgeviewBungalow1BR,1BA$983
Thornbury at Chase OaksA11BR,1BA$997
Cross CreekOne Bed / One Bath1BR,1BA$999
Opal Legacy CentralS1 ESSENTIAL LIVINGStudio,1BA$1,013
Saxon WoodsA11BR,1BA$1,033
Trails at CreeksideA11BR,1BA$1,033
Avalon at Chase OaksA2-IR1BR,1BA$1,037
Steeplechase ApartmentsA11BR,1BA$1,039
Magnolia RanchA11BR,1BA$1,044
Mission Eagle PointeA21BR,1BA$1,045

Best Value Apartments for Rent in Allen, TX

As of May 18, 2026 the best value apartment in the Allen area is the $1.43 price per square foot B1A Model at Aspire Mckinney Ranch in the in the Village Park neighborhood starting from $1,710. The second greatest value Allen apartment is the Brooklyn Model at MAA Times Square starting at $1,249 with a $1.28 price per square foot in the Twin Creeks 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.
Aspire Mckinney RanchB1A2BR,2BA$1.43
MAA Times SquareBrooklyn1BR,1BA$1.28
Parmore PlanoB12BR,2BA$1.43
The Atlantic McKinney RanchA1A1BR,1BA$1.30
Plaza At Chase OaksThe Avalon1BR,1BA$1.42
Soho ParkwayAmyris1BR,1BA$1.53
Cross CreekOne Bed / One Bath1BR,1BA$1.31
Mission Eagle PointeA11BR,1BA$1.48
Steeplechase ApartmentsA11BR,1BA$1.52
Ranch At RidgeviewBungalow1BR,1BA$1.51

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.

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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

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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.

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Best Local Schools in
Allen, TX

School data provided by Great Schools

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

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Frequently Asked Questions about Allen

What type of rentals are currently available in Allen?

There are currently 152 Apartments for Rent in Allen, TX with pricing that ranges from $908 to $18,905. There are also 394 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allen ranging from $585 to $9,500.

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 $585 to $9,500 with an average monthly rent of $2,694.

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 $1,465 to $4,594, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $5,400. Four Bedroom Single-Family rentals are also available starting from $757 and Four Bedroom Apartments start at $2,581.

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

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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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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.

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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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.