Cheap Apartments for Rent in the Magnolia Park Neighborhood of Houston, TX from $500 (78 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia Park 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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property at 7919 Brays St

$855

1 To 2 Bedroom Rentals

Available Now

7919 Brays St

HoustonTX77012

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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property at 7018 Avenue F

$850 - $950

1 Bedroom Rentals

Available Now

7018 Avenue F

HoustonTX77011
property at 6725 Avenue K

$1,050 - $1,350

1 To 2 Bedroom Rentals

Available Now

6725 Avenue K

HoustonTX77011

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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property at 6515 Avenue B

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

6515 Avenue B

HoustonTX77011

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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Cleme Manor
1 to 5 Bedroom Apartments

Cleme Manor

5300 Coke StHouston, TX 77020
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120 S 79th St
Studio to 3 Bedroom Apartments

120 S 79th St

120 S 79th StHouston, TX 77012
  • 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.

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Magnolia Park, Houston, TX Local Guide

Cheapest Available Magnolia Park Apartments for Rent

 

The cheapest available apartment rental in the Magnolia Park area of Houston, TX is a 1 Bed unit found at Lockwood on Buffalo Bayou priced from $522. Country Club Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Magnolia Park apartments for rent in Houston, TX:

Apartment ListingModel NameBed/BathPriced From
Lockwood on Buffalo BayouA1-30%1BR,1BA$522
Country Club Place ApartmentsFalcon Point1BR,1BA$675
Encanto ApartmentsThe Barcelona1BR,1BA$699
Fair Oaks Apartments1x11BR,1BA$719
Agapi Mou Suites1 Bed, 1 bath1BR,1BA$795
OST LoftsA41BR,1BA$838
Norwood Street ApartmentsStudioStudio,1BA$850
Cleme Manor2x12BR,1BA$904
The Macie1x11BR,1BA$939
Emory at CanalEmory 2/12BR,1BA$949

Best Value Apartments for Rent in Magnolia Park, TX

As of April 12, 2026 the best value apartment in the Magnolia Park area is the $1.44 price per square foot 2 Bedroom 2 Bathroom Model at Oaks at Wayside Apartments in the in the East End neighborhood starting from $1,479. The second greatest value Magnolia Park apartment is the 1 Bed Model at Norwood Street Apartments starting at $1,200 with a $1.33 price per square foot in the East End neighborhood. Here is today’s list of the best values for Magnolia Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oaks at Wayside Apartments2 Bedroom 2 Bathroom2BR,2BA$1.44
Norwood Street Apartments1 Bed1BR,1BA$1.33
Emory at CanalEmory 2/12BR,1BA$1.15
Country Club Place ApartmentsWillow Creek1BR,1BA$1.07
1408 Hughes St1 bedroom1BR,1BA$1.34
OST LoftsA21BR,1BA$1.52
Cleme Manor2x12BR,1BA$1.22
Plaza De Magnolia1x11BR,1BA$1.57
Fair Oaks Apartments1x11BR,1BA$1.12
Agapi Mou Suites1 Bed, 1 bath1BR,1BA$1.59

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Best Local Schools in
Magnolia Park, Houston, TX

School data provided by Great Schools

Frequently Asked Questions about Cheap Magnolia Park Apartments

What is a cheap apartment in Magnolia Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnolia Park is under $949.

What is the price of a cheap apartment in Magnolia Park?

The cheapest apartment in Magnolia Park is Lockwood on Buffalo Bayou which is listed at $522, while the average apartment in Magnolia Park costs $8,160.

What types of apartments are the cheapest in Magnolia Park?

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 23 regular apartments in Magnolia Park 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 Magnolia Park?

Cheap apartments in Magnolia Park have an average cost of $604 which is $7,556 cheaper than the average rent for all rentals in Magnolia Park.

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.

Helpful Local Expert Guides

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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.