Cheap Homes for Rent in Amarillo, TX from $500 (34 Rentals)

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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.

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.

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.

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 02/22/2026

Current apartment rentals in the Amarillo, TX area range in price from $550 to $2,450 with an overall median price of $1,476. The three Amarillo neighborhoods with the lowest median rent pricing are Downtown Amarillo at $550, Old San Jacinto at $550, and Plemons Historic District at $700. 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$1,075$55021
Old San Jacinto$1,075$55011
Plemons Historic District$1,295$7008
Dumas Junction$1,345$70027
Route 66 District$1,495$55032
Llano Historic District$1,500$70021
Wolflin Historic District$1,825$55021
Soncy$2,199$1,8253

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 $569. Veranda Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Aspen ApartmentsAyers (1x1)1BR,1BA$569
Veranda Gardens0x1Studio,1BA$625
Cottonwood Apartments1-Bed 1-Bath1BR,1BA$650
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
North Grand Villas2 Beds, 2 baths2BR,2BA$659
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$665
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675
The Coachlight ApartmentsEFFICIENCYStudio,1BA$675

Best Value Apartments for Rent in Amarillo, TX

As of February 22, 2026 the best value apartment in the Amarillo area is the $0.80 price per square foot 1102 S Western St Model at 1102 S Western St, Unit A in the in the Route 66 District neighborhood starting from $1,300. The second greatest value Amarillo apartment is the 3 Beds, 2 baths 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.
1102 S Western St, Unit A1102 S Western St3BR,2BA$0.80
North Grand Villas3 Beds, 2 baths3BR,2BA$0.72
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Mariposa Jason Avenue 55+ Apartment HomesB22BR,2BA$0.90
Legacy Ridge Apartments2x22BR,2BA$0.90
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
100 S Fairmont St, Unit 1- A- front100 S Fairmont St2BR,1BA$0.90
Huntington PointeSilver Sage1BR,1BA$1.04
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
1503 Parker St, Unit apt. A1503 Parker St1BR,1BA$1.03

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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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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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.

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Pet Friendly Lifestyle
Amarillo, TX

Ranked #110

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Amarillo, TX Rentals by Map

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Frequently Asked Questions about Amarillo

What type of rentals are currently available in Amarillo?

There are currently 193 Apartments for Rent in Amarillo, TX with pricing that ranges from $569 to $2,000. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $550 to $4,000.

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 $550 to $4,000 with an average monthly rent of $1,441.

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 $795 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $857.

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.