
Cheap Low Income Apartments for Rent in Amarillo, TX from $300 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Amarillo.


Town Parc at Amarillo

Village Park Apartments

North Grand Villas
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.

Mariposa Jason Avenue 55+ Apartment Homes

Amarillo Greentree Village

The Eddison

Stone Canyon
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.
Amarillo, TX Local Guide

How much does it cost to rent an apartment in Amarillo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Amarillo Studio Apartments | $827 | $430 | $1,469 |
| Amarillo 1 Bedroom Apartments | $860 | $473 | $1,589 |
| Amarillo 2 Bedroom Apartments | $1,072 | $544 | $1,925 |
| Amarillo 3 Bedroom Apartments | $1,296 | $642 | $2,050 |
| Amarillo 4 Bedroom Apartments | $1,414 | $907 | $1,800 |
Explore Amarillo
Amarillo, TX Local Guide
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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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleAmarillo, TX
Ranked #115
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
See the most popular apartments and homes in Amarillo, TX
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 $705.
What is the price of a cheap apartment in Amarillo?
The cheapest apartment in Amarillo is The Aspen Apartments which is listed at $602, while the average apartment in Amarillo costs $1,355.
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 301 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 $558 which is $797 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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.