Cheap Apartments for Rent in Amarillo, TX from $300 (63 Rentals)

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

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Amarillo Apartments
Studio to 1 Bedroom Apartments

Amarillo Apartments

2217 S Polk StAmarillo, TX 79109
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The Larsson
1 Bedroom Apartments

The Larsson

2200 SW 7th AveAmarillo, TX 79106
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Hollywood Apartments
1 Bedroom Apartments

Hollywood Apartments

1601 S Buchanan StAmarillo, TX 79102
  • Utilities Included

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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Courtyard Apartments
1 Bedroom Apartments

Courtyard Apartments

4300 Prairie AveAmarillo, TX 79109
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Carmel Apartments
Studio to 2 Bedroom Apartments

Carmel Apartments

1002 SW 11th AveAmarillo, TX 79101
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Stone Creek
1 to 2 Bedroom Apartments

Stone Creek

5307 Gem Lake RdAmarillo, TX 79106
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Belwood Apartments
Studio to 1 Bedroom Apartments

Belwood Apartments

2800 Lometa DrAmarillo, TX 79109
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Axiom at 51st
1 to 2 Bedroom Apartments

Axiom at 51st

4301 SW 49th AveAmarillo, TX 79109
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Red Oak Ranch
Studio to 3 Bedroom Apartments

Red Oak Ranch

5601 Bell StAmarillo, TX 79109
  • Utilities Included

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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Amarillo, TX Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 08/04/2025

Current apartment rentals in the Amarillo, TX area range in price from $595 to $2,990 with an overall median price of $1,320. The three Amarillo neighborhoods with the lowest median rent pricing are Downtown Amarillo at $655, Wolflin Historic District at $595, and Dumas Junction at $595. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Amarillo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Amarillo$1,119$65537
Wolflin Historic District$1,119$59597
Dumas Junction$1,160$59546
Soncy$1,330$62596
Llano Historic District$1,345$5959
Old San Jacinto$1,482$62566
Route 66 District$1,482$59592
Plemons Historic District$1,525$6995

Cheapest Available Amarillo Apartments for Rent

 

The cheapest available apartment rental in Amarillo, TX is a 1 Bed unit found at The Aspen Apartments in the Wolflin Historic District neighborhood priced from $600. Veranda Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Aspen ApartmentsAyers (1x1)1BR,1BA$600
Veranda Gardens0x1Studio,1BA$625
Westways1 Bedroom1BR,1BA$650
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
North Grand Villas2B60-22BR,2BA$659
Coulter Landing ApartmentsOne bedroom1BR,1BA$675
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$695
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$695
The Coachlight Apartments1X11BR,1BA$699

Best Value Apartments for Rent in Amarillo, TX

As of August 04, 2025 the best value apartment in the Amarillo area is the $0.85 price per square foot 2042 S Washington St Model at 2042 S Washington St, Unit A in the in the Plemons Historic District neighborhood starting from $2,000. The second greatest value Amarillo apartment is the Three Bedroom, Two Bath Model at Ridgecrest Apartments starting at $1,150 with a $0.77 price per square foot in the Soncy neighborhood. Here is today’s list of the best values for Amarillo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2042 S Washington St, Unit A2042 S Washington St3BR,3BA$0.85
Ridgecrest ApartmentsThree Bedroom, Two Bath3BR,2BA$0.77
North Grand Villas3B60-23BR,2BA$0.72
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Mariposa at Jason AvenueB22BR,2BA$1.07
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.02
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Coulter Landing ApartmentsOne bedroom1BR,1BA$1.02
The Aspen ApartmentsAyers (1x1)1BR,1BA$1.07

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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Amarillo Overview

Located in the Panhandle of Texas, Amarillo is known for the natural attractions that surround the city as well as the cowboy history and feel that is present throughout the area. If you are a fan of historical beauty, or just the country lifestyle, an apartment in Amarillo may be the choice for you.

Why live in Amarillo, TX?

There is not only a lot to do in Amarillo but it is, an extremely family friendly place to live. They have everything from an amusement park, to horseback riding, to sports, to museums and are known for having some of the friendliest neighbors around. The town's history and roots are apparent everywhere you go, but don't think of Amarillo as a sleepy town, as the town's many attractions draw visitors from all over throughout the year.

Amarillo, TX
Population: 199,924

Ranked #117

in US Census Population by City

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Pet Friendly Lifestyle
Amarillo, TX

Ranked #75

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Amarillo, TX

School data provided by Great Schools

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

Explore Amarillo, TX Rentals by Map

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See the most popular apartments and homes in Amarillo, TX

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Getting Around Amarillo, TX

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

19 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Amarillo Apartments

What is a cheap apartment in Amarillo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Amarillo is under $699.

What is the price of a cheap apartment in Amarillo?

The cheapest apartment in Amarillo is Westways which is listed at $650, while the average apartment in Amarillo costs $1,320.

What types of apartments are the cheapest in Amarillo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 48 regular apartments in Amarillo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Amarillo?

Cheap apartments in Amarillo have an average cost of $1,012 which is $308 cheaper than the average rent for all rentals in Amarillo.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.