
Cheap Homes for Rent in Downtown Amarillo Neighborhood of Amarillo, TX from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Amarillo area of Amarillo.


3010 Line Ave

612 SW 17th Ave

1912 NW 16th Ave
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.

108 N Florida St

1515 Orange St

1000 S Lamar St

1220 N Nelson St
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.
Downtown Amarillo, Amarillo, TX Local Guide

How much does it cost to rent a home in Downtown Amarillo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Amarillo 2 Bedroom Homes for Rent | $949 | $695 | $1,250 |
| Downtown Amarillo 3 Bedroom Homes for Rent | $1,500 | $1,100 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Amarillo Neighborhood of Amarillo, TX.
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Downtown Amarillo, Amarillo, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Concord Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $655 |
| Fircrest Apartments | Phase Two 1BR/1BA | 1BR,1BA | $699 |
| Badger on Jackson | 1x1 | 1BR,1BA | $725 |
Best Value Apartments for Rent in Downtown Amarillo, TX
As of May 31, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Wellington Apartments | 1BD 1BA, sq ft 693 | 1BR,1BA | $1.23 |
| Concord Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $0.95 |
| Badger on Jackson | 1x1 | 1BR,1BA | $1.15 |
| Commons at St Anthonys | E2 | Studio ,1BA | $1.54 |
| Fircrest Apartments | Phase Two 1BR/1BA | 1BR,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.
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 LifestyleDowntown Amarillo, Amarillo, TX
Ranked #5
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Amarillo, Amarillo, TX
School data provided by Great Schools
Frequently Asked Questions about Downtown Amarillo
What type of rentals are currently available in Downtown Amarillo?
There are currently 72 Apartments for Rent in Downtown Amarillo, TX with pricing that ranges from $430 to $2,399. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Amarillo ranging from $575 to $2,500.
What is the current price range for Rental Homes in Downtown Amarillo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Amarillo ranges from $575 to $2,500 with an average monthly rent of $1,024.
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

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.

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.

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.

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.