
Cheap Homes for Rent in Amarillo, TX from $500 (28 Rentals)
Search the lowest-cost Homes available for rent right now in Amarillo.


911 S Mississippi St

4226 SW 2nd Ave, Unit 2

4607 Preston St

913 S Louisiana St

3314 N Eastern St

106 N Virginia St
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.

4229 SW 2nd Ave

1209 SW 20th Ave

1903 S Highland St

3007 Curtis Dr

901 N Maryland St

3611 S Polk St

2005 N Manhattan St
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.

904 N Hayes St

2811 Duncan Dr

202 S Virginia St

8405 N U.s. 287

314 S Kentucky St

2306 NW 10th Ave

2711 Duncan Dr
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.

3408 S Lamar St

3704 S Tyler St

1919 S Woodland St

4602 S Bowie St

3703 S Monroe St

1611 N Marrs St

311 N Palo Duro St
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

How much does it cost to rent a home in Amarillo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Amarillo 2 Bedroom Homes for Rent | $1,177 | $950 | $1,850 |
| Amarillo 3 Bedroom Homes for Rent | $1,712 | $800 | $3,195 |
| Amarillo 4 Bedroom Homes for Rent | $2,842 | $1,250 | $4,895 |
| Amarillo 5 Bedroom Homes for Rent | $2,981 | $1,850 | $4,995 |
Browse Top Homes for Rent in Amarillo
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Amarillo, TX Local Guide
- Amarillo Neighborhoods
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Cheapest Neighborhoods for Apartments in Amarillo, TX
Pricing Updated: 07/08/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Plemons Historic District | $1,182 | $430 | 87 |
| Wolflin Historic District | $1,182 | $604 | 44 |
| Downtown Amarillo | $1,227 | $430 | 70 |
| Soncy | $1,231 | $473 | 34 |
| Dumas Junction | $1,261 | $430 | 73 |
| Old San Jacinto | $1,482 | $430 | 89 |
| Route 66 District | $1,482 | $430 | 119 |
| Llano Historic District | $1,775 | $725 | 7 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Veranda Gardens | 0x1 | Studio,1BA | $625 |
| Westways | 1 Bedroom | 1BR,1BA | $650 |
| Cottonwood Apartments | 1-Bed 1-Bath | 1BR,1BA | $650 |
| Concord Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $655 |
| Axiom at 51st | A1 1x1Axiom at 51st | 1BR,1BA | $665 |
| The Coachlight Apartments | EFFICIENCY | Studio,1BA | $695 |
| Amarillo Square Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $695 |
| Candlewyck Apartments | Small Efficiency | Studio,1BA | $705 |
| Parks at Granite Apartments | 1 bedroom 1 bathroom | 1BR,1BA | $708 |
| Badger on Jackson | 1x1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1105 Callahan St, Unit Charming house | 1105 Callahan St | 3BR,2BA | $1.12 |
| Legacy Ridge Apartments | 2x2 | 2BR,2BA | $0.90 |
| Amarillo Greentree Village | C3MKT | 3BR,1BA | $0.98 |
| The Aspen Apartments | Daffodil (2x1) | 2BR,1BA | $0.91 |
| Mariposa Jason Avenue 55+ Apartment Homes | A2 | 1BR,1BA | $1.01 |
| Paramount Square Apartments | 2 BD 1BA - 700 sq ft | 2BR,1BA | $1.14 |
| Hunter's Crossing Apartments | 1BD 1BA | 1BR,1BA | $1.08 |
| Concord Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $0.95 |
| Cottonwood Apartments | 1-Bed 1-Bath | 1BR,1BA | $1.06 |
| Axiom at 51st | A1 1x1Axiom at 51st | 1BR,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 ArticleReal 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 ArticleQuick 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.
Pet Friendly LifestyleAmarillo, TX
Ranked #192
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Amarillo, TX
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Amarillo, TX
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

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.

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.

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.

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.