Cheap Apartments for Rent in Amarillo, TX from $300 (123 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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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 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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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: 04/12/2026

Current apartment rentals in the Amarillo, TX area range in price from $575 to $2,750 with an overall median price of $1,784. The three Amarillo neighborhoods with the lowest median rent pricing are Old San Jacinto at $650, Plemons Historic District at $575, and Downtown Amarillo at $575. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Amarillo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Old San Jacinto$1,295$6505
Plemons Historic District$1,299$5756
Downtown Amarillo$1,585$57515
Llano Historic District$1,600$57516
Wolflin Historic District$1,625$57520
Dumas Junction$1,875$57524
Route 66 District$2,395$57523
Soncy$2,600$1,8502

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 Plemons Historic District neighborhood priced from $576. Parks at Granite Apartments in the Soncy neighborhood 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$576
Parks at Granite Apartments0 bedroom 1 bathroomStudio,1BA$625
Westways1 Bedroom1BR,1BA$650
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$650
Patterson Place1BD 1BA1BR,1BA$655
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$665
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675
Coulter Landing ApartmentsOne bedroom1BR,1BA$675
The Coachlight ApartmentsEFFICIENCYStudio,1BA$695

Best Value Apartments for Rent in Amarillo, TX

As of April 12, 2026 the best value apartment in the Amarillo area is the $1.04 price per square foot Three Bedroom Model at Cathy's Pointe Apartments in the in the Dumas Junction neighborhood starting from $1,160. 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.
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Legacy Ridge Apartments2x22BR,2BA$0.90
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
Veranda Gardens2x22BR,2BA$0.79
CROSS TIMBERS AT GRAND STREETB12BR,2BA$1.00
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Patterson Place1BD 1BA1BR,1BA$0.95
The Eddison1 Bed, 1 Bath B (60% Income Restricted)1BR,1BA$1.07
Coulter Landing ApartmentsOne bedroom1BR,1BA$1.02
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$1.06

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 #127

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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Frequently Asked Questions about Cheap Amarillo Apartments

What is the Cheapest Studio apartment in Amarillo?

Currently the most affordable Cheap Studio Apartment in Amarillo is at Parks at Granite Apartments listed at $625.

How much is rent for a Cheap One Bedroom Amarillo Apartment?

The lowest price for a Cheap One Bedroom Amarillo Apartment is $576 at The Aspen Apartments.

What is the lowest price for a Cheap Two Bedroom Amarillo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Amarillo is starting from $775 at Fircrest Apartments.

What is the most affordable Amarillo Three Bedroom Apartment?

The best deal on a cheap Amarillo Three Bedroom Apartment rental is at Palo Duro Place Apartments in Amarillo TX and starts from $934.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.