Cheap Homes for Rent in Amarillo, TX from $300 (40 Rentals)

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

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 Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Navigating the Rental Market: Tips for First-Time Renters

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Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 06/28/2025

Current apartment rentals in the Amarillo, TX area range in price from $300 to $2,410 with an overall median price of $1,931. The three Amarillo neighborhoods with the lowest median rent pricing are Soncy at $750, Dumas Junction at $300, and Llano Historic District at $300. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Amarillo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Soncy$1,500$7502
Dumas Junction$1,600$30042
Llano Historic District$1,700$30029
Old San Jacinto$1,750$5956
Plemons Historic District$2,200$30013
Route 66 District$2,200$30041
Wolflin Historic District$2,200$30039
Downtown Amarillo$2,305$30025

Cheapest Available Amarillo Apartments for Rent

 

The cheapest available apartment rental in Amarillo, TX is a 1 Bed unit found at The Aspen Apartments in the Wolflin Historic District neighborhood priced from $570. Veranda Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $594. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Aspen ApartmentsAyers (1x1)1BR,1BA$570
Veranda Gardens0x1Studio,1BA$594
Reserve @ 47A21BR,1BA$640
Westways1 Bedroom1BR,1BA$650
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
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$695
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$695

Best Value Apartments for Rent in Amarillo, TX

As of June 28, 2025 the best value apartment in the Amarillo area is the $0.85 price per square foot 2042 S Washington St Model at 2042 S Washington St, Unit A in the in the Plemons Historic District neighborhood starting from $2,000. 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.
2042 S Washington St, Unit A2042 S Washington St3BR,3BA$0.85
North Grand Villas3B60-23BR,2BA$0.72
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Town Parc at AmarilloA2-60%2BR,2BA$1.05
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.02
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$1.02
CROSS TIMBERS AT GRAND STREETA11BR,1BA$1.07
The Aspen ApartmentsAyers (1x1)1BR,1BA$1.07

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Amarillo

What type of rentals are currently available in Amarillo?

There are currently 181 Apartments for Rent in Amarillo, TX with pricing that ranges from $471 to $2,990. There are also 126 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $300 to $4,200.

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 $300 to $4,200 with an average monthly rent of $1,212.

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 $639 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $4,200. Four Bedroom Single-Family rentals are also available starting from $1,100 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.