Cheap Homes for Rent in Downtown Amarillo Neighborhood of Amarillo, TX from $400 (14 Rentals)

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

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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

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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. Palo Duro Place Apartments in Amarillo TX has the second lowest priced unit, which is a 1 Bed apartment currently listed from $746. 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
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$746
Buena Vista Apartments1 Bed, 1 bath1BR,1BA$750
Badger on Jackson1x11BR,1BA$775
The Wellington1BD 1BA, sq ft 6701BR,1BA$790

Best Value Apartments for Rent in Downtown Amarillo, TX

As of September 16, 2025 the best value apartment in the Downtown Amarillo area is the $1.78 price per square foot #1140 Model at Residence at 600 in the in the Plemons Historic District neighborhood starting from $2,990. The second greatest value Downtown Amarillo apartment is the 3 Beds, 1.5 baths Model at Buena Vista Apartments starting at $1,232 with a $1.30 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.
Residence at 600#11402BR,2BA$1.78
Buena Vista Apartments3 Beds, 1.5 baths3BR,1.5BA$1.30
The Wellington1BD 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$1.15
Badger on Jackson1x11BR,1BA$1.22

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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 Downtown Amarillo

What type of rentals are currently available in Downtown Amarillo?

There are currently 69 Apartments for Rent in Downtown Amarillo, TX with pricing that ranges from $655 to $2,990. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Amarillo ranging from $495 to $2,200.

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 $495 to $2,200 with an average monthly rent of $1,121.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.