Cheap Apartments for Rent in the Deepwater Neighborhood of Houston, TX from $700 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Deepwater area of Houston.

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Greentree Apartments
1 to 2 Bedroom Apartments

Greentree Apartments

502 E Sam Houston PkyPasadena, TX 77503
  • Utilities Included
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Fieldstone Apartments
1 to 2 Bedroom Apartments

Fieldstone Apartments

3201 Red Bluff RdPasadena, TX 77503
  • Utilities Included

The Ultimate Guide to Houston Apartment Living: Neighborhoods, Culture, and Community

Find your perfect Houston apartment or home with this guide to the city and its top suburbs to rent. We cover everything from downtown living to the best family-friendly communities like The Woodlands and New Caney.

Deepwater, Houston, TX Local Guide

Cheapest Available Deepwater Apartments for Rent

 

The cheapest available apartment rental in the Deepwater area of Houston, TX is a 1 Bed unit found at Arbors at Town Square priced from $725. Cinnamon Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $759. Here are the most affordable Deepwater apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Arbors at Town SquareThe Ash1BR,1BA$725
Cinnamon RidgeOne Bed / One Bath1BR,1BA$759
Southmore Park ApartmentsA1 1 Bed/ 1 Bath1BR,1BA$790
Copper RidgeA1A1BR,1BA$799
The Park at Winslow1 Bedroom / 1 Bathroom Silver1BR,1BA$825
Cherrybrook PlaceA1A1BR,1BA$830
Linda Vista Apartments1 Bedroom, 1 Bathroom1BR,1BA$850
Sycamore PalmsUnit A - Unfurnished1BR,1BA$850
The Life at Park ViewA1 - Juniper1BR,1BA$875
Palm Bluff ApartmentsLarge One Bedroom1BR,1BA$905

Best Value Apartments for Rent in Deepwater, TX

As of August 26, 2026 the best value apartment in the Deepwater area is the $1.41 price per square foot Two Bedroom A Model at The Portofino 55+ Apartments in the in the Deepwater neighborhood starting from $1,344. The second greatest value Deepwater apartment is the Unit B Model at Falls of Deer Park Apartments starting at $1,150 with a $1.48 price per square foot in the Deepwater neighborhood. Here is today’s list of the best values for Deepwater apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Portofino 55+ ApartmentsTwo Bedroom A2BR,1BA$1.41
Falls of Deer Park ApartmentsUnit B1BR,1BA$1.48
Cherrybrook PlaceA1A1BR,1BA$1.09
Copper RidgeA1A1BR,1BA$1.14
Palm Bluff ApartmentsLarge One Bedroom1BR,1BA$1.34
Vista Azul Apartments1 Bed 1 Bath Lux Reno1BR,1BA$1.38
Linda Vista Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.30
Fieldstone Apartments1 bed/ 1 bath1BR,1BA$1.46
Southmore Park ApartmentsA1 1 Bed/ 1 Bath1BR,1BA$1.25
Arbors at Town SquareThe Ash1BR,1BA$1.35

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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Houston

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Houston, TX metro area for affordable living. Find your perfect H-Town Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real 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.

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Frequently Asked Questions about Cheap Deepwater Apartments

What is the price of a cheap apartment in Deepwater?

The cheapest apartment in Deepwater is Arbors at Town Square which is listed at $725, while the average apartment in Deepwater costs $1,125.

What types of apartments are the cheapest in Deepwater?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Deepwater that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Deepwater?

Cheap apartments in Deepwater have an average cost of $237 which is $888 cheaper than the average rent for all rentals in Deepwater.

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.

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If you work in the heart of Houston and enjoy living close to multiple restaurants, bars, museums, and other entertainment opportunities, then the bustling, busy city is the place to be.

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