Cheap Apartments for Rent in Amarillo, TX from $300 (134 Rentals)

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

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Amarillo, TX Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 07/11/2026

Current apartment rentals in the Amarillo, TX area range in price from $430 to $2,050 with an overall median price of $1,361. The three Amarillo neighborhoods with the lowest median rent pricing are Downtown Amarillo at $430, Plemons Historic District at $430, and Wolflin Historic District at $430. 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$1,134$43066
Plemons Historic District$1,134$43083
Wolflin Historic District$1,134$43039
Soncy$1,231$47338
Dumas Junction$1,245$43074
Old San Jacinto$1,482$43090
Route 66 District$1,482$430117
Llano Historic District$2,050$7255

Cheapest Available Amarillo Apartments for Rent

 

The cheapest available apartment rental in Amarillo, TX is a Studio unit found at Veranda Gardens priced from $625. Westways has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Veranda Gardens0x1Studio,1BA$625
Westways1 Bedroom1BR,1BA$650
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$650
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$665
The Coachlight ApartmentsEFFICIENCYStudio,1BA$695
Amarillo Square Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$705
Parks at Granite Apartments1 bedroom 1 bathroom1BR,1BA$708
Badger on Jackson1x11BR,1BA$725

Best Value Apartments for Rent in Amarillo, TX

As of July 12, 2026 the best value apartment in the Amarillo area is the $1.12 price per square foot 1105 Callahan St Model at 1105 Callahan St, Unit Charming house in the in the Soncy neighborhood starting from $1,500. The second greatest value Amarillo apartment is the 2x2 Model at Legacy Ridge Apartments starting at $950 with a $0.90 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.
1105 Callahan St, Unit Charming house1105 Callahan St3BR,2BA$1.12
Legacy Ridge Apartments2x22BR,2BA$0.90
Amarillo Greentree VillageC3MKT3BR,1BA$0.98
Mariposa Jason Avenue 55+ Apartment HomesA21BR,1BA$1.01
Paramount Square Apartments2 BD 1BA - 700 sq ft2BR,1BA$1.14
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.08
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Badger on Jackson1x11BR,1BA$1.15
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$1.06
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$1.11

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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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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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.

Pet Friendly Lifestyle
Amarillo, TX

Ranked #171

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!

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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 $725.

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 $1,361.

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 306 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 $546 which is $815 cheaper than the average rent for all rentals in Amarillo.

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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.