Cheap Apartments for Rent in the Magnolia Grove Neighborhood of Houston, TX from $700 (96 Rentals)

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

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.

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Where to Stay in Houston: The 5 Best Neighborhoods for Short-Term Lease Options

Discover Houston's top areas for Short-Term Lease apartments. We review 5 neighborhoods with the most short-term rental apartments and houses, ideal for students, families, and business travel.

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611 Shepherd
Rent Specials
$1,311 - $3,426
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$1,311 - $3,426
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Studio to 2 Bedroom Apartments Available Now

611 Shepherd

611 Shepherd DrHouston, TX 77007
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Bayou on the Bend
Rent Specials
$1,315 - $3,361
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$1,315 - $3,361
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1 to 3 Bedroom Apartments Available Now

Bayou on the Bend

5201 Memorial DrHouston, TX 77007
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299 West Gray
Rent Specials
$1,446 - $6,992
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$1,446 - $6,992
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1 to 2 Bedroom Apartments Available Now

299 West Gray

299 W Gray StHouston, TX 77019
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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.

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Broadstone Oliver
Rent Specials
$1,540 - $2,806
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$1,540 - $2,806
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1 to 2 Bedroom Apartments Available Now

Broadstone Oliver

1505 Oliver StHouston, TX 77007
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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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Virage
Rent Specials
$1,603 - $2,458
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$1,603 - $2,458
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1 to 3 Bedroom Apartments Available Now

Virage

100 Detering StHouston, TX 77007
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Jackson Hill
Rent Specials
$1,615 - $11,707
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$1,615 - $11,707
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Jackson Hill

320 Jackson Hill StHouston, TX 77007
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Cortland River Oaks
Rent Specials
$1,631 - $9,069
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Base Rent
$1,631 - $9,069
Total Monthly Price
$1,631 - $9,069
1 to 2 Bedroom Apartments Available Now

Cortland River Oaks

777 Dunlavy StHouston, TX 77019
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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.

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Magnolia Grove, Houston, TX Local Guide

Cheapest Available Magnolia Grove Apartments for Rent

 

The cheapest available apartment rental in the Magnolia Grove area of Houston, TX is a Studio unit found at Bayou Park Apartments priced from $769. Heritage Senior Residences 55+ Active Adult has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here are the most affordable Magnolia Grove apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Bayou Park ApartmentsStudio 1 BathroomStudio,1BA$769
Heritage Senior Residences 55+ Active AdultA11BR,1BA$990
The Viv on West DallasA21BR,1BA$999
Allen House ApartmentsBurgandy1BR,1BA$1,083
Coop at Summer StreetSurrealist | A2b-EH | Essential Housing1BR,1BA$1,163
Memorial Towers ApartmentsE2Studio,1BA$1,177
Jackson ComplexOne-Bedroom1BR,1BA$1,195
Dream MontroseA1L-UPG1BR,1BA$1,199
Heights West EndA2 601BR,1BA$1,213
HiLine Heightse10aStudio,1BA$1,240

Best Value Apartments for Rent in Magnolia Grove, TX

As of June 23, 2026 the best value apartment in the Magnolia Grove area is the $1.38 price per square foot French Quarter Model at Allen House Apartments in the in the Neartown neighborhood starting from $1,770. The second greatest value Magnolia Grove apartment is the C5.P8 Model at Caroline West Gray starting at $1,840 with a $1.51 price per square foot in the Neartown neighborhood. Here is today’s list of the best values for Magnolia Grove apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Allen House ApartmentsFrench Quarter2BR,2BA$1.38
Caroline West GrayC5.P82BR,2BA$1.51
Us Bayou ParkWashington Ave2BR,2BA$1.84
Memorial Heights at WashingtonTwo bedroom B32BR,2BA$1.71
LumenA81BR,1BA$1.91
Heritage Senior Residences 55+ Active AdultA11BR,1BA$1.38
Memorial Towers ApartmentsE2Studio ,1BA$1.64
The District at Washingtona10a1BR,1BA$1.83
Dream MontroseA1L-UPG1BR,1BA$1.78
Bayou Park Apartments1 Bedroom 1 Bathroom1BR,1BA$1.91

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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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
Magnolia Grove, Houston, TX

Ranked #29

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Texas, including Houston. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Magnolia Grove Apartments

What is the Cheapest Studio apartment in Magnolia Grove?

Currently the most affordable Cheap Studio Apartment in Magnolia Grove is at Bayou Park Apartments listed at $769.

How much is rent for a Cheap One Bedroom Magnolia Grove Apartment?

The lowest price for a Cheap One Bedroom Magnolia Grove Apartment is $879 at Bayou Park Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia Grove is starting from $1,299 at Bayou Park Apartments.

What is the most affordable Magnolia Grove Three Bedroom Apartment?

The best deal on a cheap Magnolia Grove Three Bedroom Apartment rental is at The Viv on West Dallas and starts from $1,999.

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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