Cheap Apartments for Rent in Chico, TX from $500 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in Chico.

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.

Chico, TX Local Guide

Cheapest Available Chico Apartments for Rent and Nearby

 

The cheapest available apartment rental in Chico, TX is a 1 Bed unit found at Legacy Trails of Decatur - 55 Plus Apartments priced from $532. Country Club Estates in the Downtown Mineral Wells neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Chico apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legacy Trails of Decatur - 55 Plus Apartments1 Bedroom 1 Bath1BR,1BA$532
Country Club Estates1br duplex1BR,1BA$699
Alvord Hills Apartments2 Bed/ 1 Bath2BR,1BA$1,099
Eagle's Point ApartmentsOne Bedroom1BR,1BA$1,155
Crestview Place Apartments1 Bedroom / 1 Bath1BR,1BA$1,160

Best Value Apartments for Rent in Chico, TX and Nearby

As of June 17, 2025 the best value apartment in the Chico area is the $1.36 price per square foot Coriander Model at Covey Homes Azle in the starting from $2,255. The second greatest value Chico apartment is the TH2 Model at The Palo Townhomes starting at $2,424 with a $1.59 price per square foot in the Sendera Ranch neighborhood. Here is today’s list of the best values for Chico apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Covey Homes AzleCoriander4BR,2BA$1.36
The Palo TownhomesTH23BR,2.5BA$1.59
Westwind Manor2 Bed / 2 Bath2BR,2BA$1.07
Northpark Townhomes3 Bed 2 Bath Townhome3BR,2BA$1.50
32hundred Windsor1 Bed, 1 Bath1BR,1BA$1.51
Reata West ApartmentsA21BR,1BA$1.56
Legacy Trails of Decatur - 55 Plus Apartments1 Bedroom 1 Bath1BR,1BA$0.71
Alvord Hills Apartments2 Bed/ 1 Bath2BR,1BA$1.60
Country Club Estates1br duplex1BR,1BA$0.98
Churchill at Champions CircleA11BR,1BA$0.79

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
Chico, TX

Ranked #543

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 Chico, TX Rentals by Map

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Getting Around Chico, TX

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Chico Apartments

What is the Cheapest Studio apartment in Chico?

Currently the most affordable Cheap Studio Apartment in Chico is at Jefferson Northlake listed at $1,374.

How much is rent for a Cheap One Bedroom Chico Apartment?

The lowest price for a Cheap One Bedroom Chico Apartment is $532 at Legacy Trails of Decatur - 55 Plus Apartments.

What is the lowest price for a Cheap Two Bedroom Chico Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Chico is starting from $631 at Legacy Trails of Decatur - 55 Plus Apartments.

What is the most affordable Chico Three Bedroom Apartment?

The best deal on a cheap Chico Three Bedroom Apartment rental is at Country Club Estates and starts from $869.

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.