Cheap Homes for Rent in Amarillo, TX from $300 (52 Rentals)

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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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property at 3817 Gables St

3817 Gables St

AmarilloTX79110

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

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

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Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 08/04/2025

Current apartment rentals in the Amarillo, TX area range in price from $595 to $2,990 with an overall median price of $1,320. The three Amarillo neighborhoods with the lowest median rent pricing are Downtown Amarillo at $655, Wolflin Historic District at $595, and Dumas Junction at $595. 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$1,119$65537
Wolflin Historic District$1,119$59597
Dumas Junction$1,160$59546
Soncy$1,330$62596
Llano Historic District$1,345$5959
Old San Jacinto$1,482$62566
Route 66 District$1,482$59592
Plemons Historic District$1,525$6995

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 $600. 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$600
Veranda Gardens0x1Studio,1BA$625
Westways1 Bedroom1BR,1BA$650
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
North Grand Villas2B60-22BR,2BA$659
Coulter Landing ApartmentsOne bedroom1BR,1BA$675
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675
Axiom at 51stA1 1x1Axiom at 51st1BR,1BA$695
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$695
The Coachlight Apartments1X11BR,1BA$699

Best Value Apartments for Rent in Amarillo, TX

As of August 04, 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 Three Bedroom, Two Bath Model at Ridgecrest Apartments starting at $1,150 with a $0.77 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.
2042 S Washington St, Unit A2042 S Washington St3BR,3BA$0.85
Ridgecrest ApartmentsThree Bedroom, Two Bath3BR,2BA$0.77
North Grand Villas3B60-23BR,2BA$0.72
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Mariposa at Jason AvenueB22BR,2BA$1.07
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
Coulter Landing ApartmentsOne bedroom1BR,1BA$1.02
The Aspen ApartmentsAyers (1x1)1BR,1BA$1.07

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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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 $594 to $2,990. There are also 147 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $300 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 $300 to $4,995 with an average monthly rent of $1,881.

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 $4,500. 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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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.

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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.