Cheap Homes for Rent in Amarillo, TX from $400 (67 Rentals)

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 09/19/2025

Current apartment rentals in the Amarillo, TX area range in price from $549 to $2,990 with an overall median price of $1,247. The three Amarillo neighborhoods with the lowest median rent pricing are Downtown Amarillo at $655, Plemons Historic District at $549, and Wolflin Historic District at $549. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Amarillo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Amarillo$1,099$65528
Plemons Historic District$1,099$54962
Wolflin Historic District$1,099$54967
Dumas Junction$1,160$54942
Soncy$1,195$67598
Llano Historic District$1,362$5498
Old San Jacinto$1,482$64973
Route 66 District$1,482$649106

Cheapest Available Amarillo Apartments for Rent

 

The cheapest available apartment rental in Amarillo, TX is a 1 Bed unit found at Reserve @ 47 in the Plemons Historic District neighborhood priced from $600. The Aspen Apartments in the Plemons Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $609. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Reserve @ 47A31BR,1BA$600
The Aspen ApartmentsAyers (1x1)1BR,1BA$609
Veranda Gardens0x1Studio,1BA$625
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
North Grand Villas2B60-22BR,2BA$659
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$695
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$695
The Coachlight Apartments1X11BR,1BA$699
The Parks at Granite Apartments1 bedroom 1 bathroom1BR,1BA$708

Best Value Apartments for Rent in Amarillo, TX

As of September 19, 2025 the best value apartment in the Amarillo area is the $0.77 price per square foot Three Bedroom, Two Bath Model at Ridgecrest Apartments in the in the Soncy neighborhood starting from $1,150. The second greatest value 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 Amarillo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ridgecrest ApartmentsThree Bedroom, Two Bath3BR,2BA$0.77
North Grand Villas3B60-23BR,2BA$0.72
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
The Aspen ApartmentsDaffodil (2x1)2BR,1BA$0.97
The Eddison1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1.03
Summit ParkA11BR,1BA$1.09
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.02
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$1.11

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Amarillo, TX
Population: 199,924

Ranked #117

in US Census Population by City

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Pet Friendly Lifestyle
Amarillo, TX

Ranked #84

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
Amarillo, TX

School data provided by Great Schools

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

Explore Amarillo, TX Rentals by Map

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See the most popular apartments and homes in Amarillo, TX

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Frequently Asked Questions about Amarillo

What type of rentals are currently available in Amarillo?

There are currently 186 Apartments for Rent in Amarillo, TX with pricing that ranges from $510 to $2,990. There are also 148 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $495 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 $495 to $4,995 with an average monthly rent of $1,850.

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 $916 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,250. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $857.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.