Cheap Apartments for Rent in the Fairbanks Neighborhood of Houston, TX from $400 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
Quail Creek
1 to 3 Bedroom Apartments

Quail Creek

8047 Grow LnHouston, TX 77040
close
View Me
Quail Creek
1 to 2 Bedroom Apartments

Quail Creek

7835 Grow LnHouston, TX 77040

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.

close
View Me
Cherry Creek
1 to 2 Bedroom Apartments

Cherry Creek

5801 Hollister RdHouston, TX 77040
close
View Me
Villa Anita 2
1 to 2 Bedroom Apartments

Villa Anita 2

8103 Grow LnHouston, TX 77040

Fairbanks, Houston, TX Local Guide

Cheapest Available Fairbanks Apartments for Rent

 

The cheapest available apartment rental in the Fairbanks area of Houston, TX is a 1 Bed unit found at Carmel Creek priced from $645. The Reserve at Rye 290 has the second lowest priced unit, which is a Studio apartment currently listed from $692. Here are the most affordable Fairbanks apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Carmel CreekA2R21BR,1BA$645
The Reserve at Rye 290The IvyStudio,1BA$692
Inwood GroveA1BR,1BA$695
Timbers of Inwood ForestPlan A1BR,1BA$725
SomersetA11BR,1BA$744

Best Value Apartments for Rent in Fairbanks, TX

As of September 17, 2025 the best value apartment in the Fairbanks area is the $0.61 price per square foot 9915 Porto Rico Rd Model at 9915 Porto Rico Rd, Unit 9915 Porto Rico Road - B in the in the Fairbanks neighborhood starting from $2,500. The second greatest value Fairbanks apartment is the 2x2.5 Model at Park at Woodland Trails starting at $1,364 with a $1.18 price per square foot in the Fairbanks neighborhood. Here is today’s list of the best values for Fairbanks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
9915 Porto Rico Rd, Unit 9915 Porto Rico Road - B9915 Porto Rico Rd5BR,2.5BA$0.61
Park at Woodland Trails2x2.52BR,2BA$1.18
Estates at HollisterA1R1BR,1BA$1.13
Woodcreek Hollister ApartmentsTahoe2BR,2BA$1.04
Inwood GroveD2BR,1BA$1.25
3 Corners WestA3 Renovated1BR,1BA$1.18
Saxon SquareLenox1BR,1BA$1.16
3 Corners EastA11BR,1BA$1.21
The Reserve at White OakA1A1BR,1BA$1.22
Timbers of Inwood ForestPlan A1BR,1BA$1.19

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Fairbanks, Houston, TX

Ranked #95

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Texas and customized analysis for Northwestern Houston. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Fairbanks Apartments

What is a cheap apartment in Fairbanks?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairbanks is under $839.

What is the price of a cheap apartment in Fairbanks?

The cheapest apartment in Fairbanks is Carmel Creek which is listed at $645, while the average apartment in Fairbanks costs $7,566.

What types of apartments are the cheapest in Fairbanks?

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 36 regular apartments in Fairbanks 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 Fairbanks?

Cheap apartments in Fairbanks have an average cost of $140 which is $7,426 cheaper than the average rent for all rentals in Fairbanks.

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.

decorative image for The 10 Best Affordable Neighborhoods in Houston, TX article

The 10 Best Affordable Neighborhoods in Houston, TX

Written by: Lori Rosario

Houston is a huge city, and it’s still growing, which makes it one of the most sought after places in the country to move.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.