Cheap Apartments for Rent in Electra, TX from $400 (31 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.

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Tealwood Place
1 to 3 Bedroom Apartments

Tealwood Place

5300 Professional DrWichita Falls, TX 76302
  • Utilities Included

Electra, TX Local Guide

Cheapest Available Electra Apartments for Rent and Nearby

 

The cheapest available apartment rental in Electra, TX is a 1 Bed unit found at Fountaingate in the West Wichita Falls neighborhood priced from $650. Forest Glen in the West Wichita Falls neighborhood 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 Electra apartments for rent:

Apartment ListingModel NameBed/BathPriced From
FountaingateA11BR,1BA$650
Forest GlenA1 1x11BR,1BA$650
Santa Fe Village & Highlander Apartments1 Bedroom1BR,1BA$650
The Kate Apartments & Student HousingEfficiencies1BR,1BA$650
Abbington Vista of Henrietta1BD1BR,1BA$676
La Donna RGLLC1X11BR,1BA$700
Waterford GlenEFFB1BR,1BA$700
Apple Creek ApartmentsOne Bedroom1BR,1BA$705
Parkway VillasWillowbend2BR,2BA$710
Lions Court Apartments2-Bedroom 2nd Floor2BR,1BA$725

Best Value Apartments for Rent in Electra, TX and Nearby

As of January 08, 2026 the best value apartment in the Electra area is the $0.83 price per square foot 1 Bed, 1 bath Model at Alamo School Lofts in the in the East Wichita Falls neighborhood starting from $846. The second greatest value Electra apartment is the Two Bedroom One Bathroom Model at Ross Estates starting at $849 with a $0.88 price per square foot . Here is today’s list of the best values for Electra apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alamo School Lofts1 Bed, 1 bath1BR,1BA$0.83
Ross EstatesTwo Bedroom One Bathroom2BR,1BA$0.88
Lions Court Apartments2-Bedroom Tile 1st Floor2BR,1.5BA$0.89
Mustang Village2 Bed / 2 Bath2BR,2BA$0.79
The Courtyard2BR/1Bath2BR,1BA$1.03
Abbington Vista of Henrietta1BD1BR,1BA$0.91
Santa Fe Village & Highlander Apartments1 Bedroom1BR,1BA$0.90
Sheppard's Edge1 Bedroom/1 Bath1BR,1BA$1.06
Stone Ridge Apartments ALL BILLS PAID1 Bed - 1 Bath1BR,1BA$1.12
Apple Creek ApartmentsOne Bedroom1BR,1BA$1.13

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

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

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Frequently Asked Questions about Cheap Electra Apartments

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

The lowest price for a Cheap One Bedroom Electra Apartment is $650 at Fountaingate.

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

Today's best deal for a Cheap Two Bedroom Apartment in Electra is starting from $710 at Parkway Villas.

What is the most affordable Electra Three Bedroom Apartment?

The best deal on a cheap Electra Three Bedroom Apartment rental is at Forest Glen and starts from $995.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!