Cheap Apartments for Rent in the Downtown Amarillo Neighborhood of Amarillo, TX from $300 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Amarillo area of 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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Amarillo Apartments
Studio to 1 Bedroom Apartments

Amarillo Apartments

2217 S Polk StAmarillo, TX 79109
  • Utilities Included
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The Larsson
Studio to 2 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

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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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 to 2 Bedroom Apartments

Patterson Place

2609 Patterson DrAmarillo, TX 79109
  • Utilities Included

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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La Jolla Apartments
1 to 3 Bedroom Apartments

La Jolla Apartments

2727 Virginia CirAmarillo, TX 79109
  • Utilities Included
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Amarillo Gardens
1 to 4 Bedroom Apartments

Amarillo Gardens

1223 S Roberts StAmarillo, TX 79102
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Silver Oak Apartments
1 to 3 Bedroom Apartments

Silver Oak Apartments

1710 SE 34th AveAmarillo, TX 79118
  • Utilities Included

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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Greenbriar Terrace
1 to 3 Bedroom Apartments

Greenbriar Terrace

3003 W 27th AveAmarillo, TX 79109
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Showing Results 1-34, Page 1 of 1

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 Concord Apartments priced from $655. Fircrest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Downtown Amarillo apartments for rent in Amarillo, TX:

Apartment ListingModel NameBed/BathPriced From
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Fircrest ApartmentsPhase Two 1BR/1BA1BR,1BA$699
Badger on Jackson1x11BR,1BA$725
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$766
The Wellington Apartments1BD 1BA, sq ft 6701BR,1BA$790

Best Value Apartments for Rent in Downtown Amarillo, TX

As of May 24, 2026 the best value apartment in the Downtown Amarillo area is the $1.23 price per square foot 1BD 1BA, sq ft 693 Model at The Wellington Apartments in the in the Plemons Historic District neighborhood starting from $855. The second greatest value Downtown Amarillo apartment is the 1 Bedroom, 1 Bathroom Model at Concord Apartments starting at $655 with a $0.95 price per square foot in the Plemons Historic District 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.
The Wellington Apartments1BD 1BA, sq ft 6931BR,1BA$1.23
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$1.18
Badger on Jackson1x11BR,1BA$1.15
Fircrest ApartmentsPhase Two 1BR/1BA1BR,1BA$1.21

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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Pet Friendly Lifestyle
Downtown Amarillo, Amarillo, TX

Ranked #5

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
Downtown Amarillo, Amarillo, TX

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Amarillo Apartments

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

The lowest price for a Cheap One Bedroom Downtown Amarillo Apartment is $655 at Concord Apartments.

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

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

What is the most affordable Downtown Amarillo Three Bedroom Apartment?

The best deal on a cheap Downtown Amarillo Three Bedroom Apartment rental is at Palo Duro Place Apartments in Amarillo TX and starts from $944.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.