Cheap Homes for Rent in Amarillo, TX from $500 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in 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.

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.

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.

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.

Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 07/08/2026

Current apartment rentals in the Amarillo, TX area range in price from $430 to $2,050 with an overall median price of $1,352. The three Amarillo neighborhoods with the lowest median rent pricing are Plemons Historic District at $430, Wolflin Historic District at $604, and Downtown Amarillo at $430. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Amarillo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Plemons Historic District$1,182$43087
Wolflin Historic District$1,182$60444
Downtown Amarillo$1,227$43070
Soncy$1,231$47334
Dumas Junction$1,261$43073
Old San Jacinto$1,482$43089
Route 66 District$1,482$430119
Llano Historic District$1,775$7257

Cheapest Available Amarillo Apartments for Rent

 

The cheapest available apartment rental in Amarillo, TX is a Studio unit found at Veranda Gardens priced from $625. Westways has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Veranda Gardens0x1Studio,1BA$625
Westways1 Bedroom1BR,1BA$650
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$650
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$665
The Coachlight ApartmentsEFFICIENCYStudio,1BA$695
Amarillo Square Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$705
Parks at Granite Apartments1 bedroom 1 bathroom1BR,1BA$708
Badger on Jackson1x11BR,1BA$725

Best Value Apartments for Rent in Amarillo, TX

As of July 08, 2026 the best value apartment in the Amarillo area is the $1.12 price per square foot 1105 Callahan St Model at 1105 Callahan St, Unit Charming house in the in the Soncy neighborhood starting from $1,500. The second greatest value Amarillo apartment is the 2x2 Model at Legacy Ridge Apartments starting at $950 with a $0.90 price per square foot in the Soncy neighborhood. Here is today’s list of the best values for Amarillo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1105 Callahan St, Unit Charming house1105 Callahan St3BR,2BA$1.12
Legacy Ridge Apartments2x22BR,2BA$0.90
Amarillo Greentree VillageC3MKT3BR,1BA$0.98
The Aspen ApartmentsDaffodil (2x1)2BR,1BA$0.91
Mariposa Jason Avenue 55+ Apartment HomesA21BR,1BA$1.01
Paramount Square Apartments2 BD 1BA - 700 sq ft2BR,1BA$1.14
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.08
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$1.06
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$1.11

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Amarillo, TX

Ranked #192

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Amarillo, TX Rentals by Map

View Map
Amarillo, TX Apartments Map
View Map
Amarillo, TX Rental Homes Map

Frequently Asked Questions about Amarillo

What type of rentals are currently available in Amarillo?

There are currently 188 Apartments for Rent in Amarillo, TX with pricing that ranges from $430 to $2,050. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $575 to $4,995.

What is the current price range for Rental Homes in Amarillo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Amarillo ranges from $575 to $4,995 with an average monthly rent of $1,899.

How much are larger Three and Four Bedroom Rentals in Amarillo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Amarillo range from $642 to $2,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,195. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $907.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.