Cheap Apartments for Rent in the Downtown Amarillo Neighborhood of Amarillo, TX from $300 (16 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Amarillo Apartments
Studio to 1 Bedroom Apartments

Amarillo Apartments

2217 S Polk StAmarillo, TX 79109
  • 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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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
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Carmel Apartments
Studio to 2 Bedroom Apartments

Carmel Apartments

1002 SW 11th AveAmarillo, TX 79101
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Wolfin Village
1 to 2 Bedroom Apartments

Wolfin Village

2301 S Austin StAmarillo, TX 79109
  • Utilities Included
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Patterson Place
1 Bedroom Apartments

Patterson Place

2609 Patterson DrAmarillo, 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.

Downtown Amarillo, Amarillo, TX Local Guide

Cheapest Available Downtown Amarillo Apartments for Rent

 

The cheapest available apartment rental in the Downtown Amarillo area of Amarillo, TX is a 1 Bed unit found at CROSS TIMBERS AT GRAND STREET priced from $644. Concord Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here are the most affordable Downtown Amarillo apartments for rent in Amarillo, TX:

Apartment ListingModel NameBed/BathPriced From
CROSS TIMBERS AT GRAND STREETA11BR,1BA$644
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
North Grand Villas2B60-22BR,2BA$659
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$695
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$699

Best Value Apartments for Rent in Downtown Amarillo, TX

As of June 18, 2025 the best value apartment in the Downtown 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 Downtown Amarillo apartment is the 3B60-2 Model at North Grand Villas starting at $916 with a $0.72 price per square foot in the Dumas Junction neighborhood. Here is today’s list of the best values for Downtown 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
North Grand Villas3B60-23BR,2BA$0.72
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Cypress Creek at Jason AvenueTrinity2BR,2BA$1.11
The Parks at Granite Apartments2 bedroom 1 bathroom2BR,1BA$1.12
Patterson Place1BD 1BA1BR,1BA$1.09
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$1.02
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$1.08
CROSS TIMBERS AT GRAND STREETA11BR,1BA$1.03

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Pet Friendly Lifestyle
Downtown Amarillo, Amarillo, TX

Ranked #3

Among neighborhoods in Amarillo, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Downtown Amarillo Neighborhood in Amarillo, TX

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Downtown Amarillo Apartments

What is the price of a cheap apartment in Downtown Amarillo?

The cheapest apartment in Downtown Amarillo is CROSS TIMBERS AT GRAND STREET which is listed at $644, while the average apartment in Downtown Amarillo costs $1,147.

What types of apartments are the cheapest in Downtown 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 37 regular apartments in Downtown 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 Downtown Amarillo?

Cheap apartments in Downtown Amarillo have an average cost of $541 which is $606 cheaper than the average rent for all rentals in Downtown 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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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

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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