Cheap Homes for Rent in Magnolia Park Neighborhood of Houston, TX from $700 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 5342 Leeland St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available Now

5342 Leeland St, Unit 2, Unit 2

5342 Leeland St
HoustonTX77023

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.

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.

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.

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.

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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

Frequently Asked Questions about Magnolia Park

What type of rentals are currently available in Magnolia Park?

There are currently 143 Apartments for Rent in Magnolia Park, TX with pricing that ranges from $522 to $8,160. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia Park ranging from $774 to $6,000.

What is the current price range for Rental Homes in Magnolia Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia Park ranges from $774 to $6,000 with an average monthly rent of $1,833.

How much are larger Three and Four Bedroom Rentals in Magnolia Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Magnolia Park range from $704 to $1,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $6,000. Four Bedroom Single-Family rentals are also available starting from $1,699 and Four Bedroom Apartments start at $1,325.

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

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

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

Written by: Lori Rosario

Houston is home to insane traffic, the nation's most complex highway system, and unstable weather that will leave you wondering if the four seasons are still a thing.

decorative image for Your Houston Neighborhood Guide: Find the Perfect Home Near Your Job article

Your Houston Neighborhood Guide: Find the Perfect Home Near Your Job

Written by: Lori Rosario

To say Houston is a bustling metropolitan area seems like an understatement. Everyone you turn, something is being built, be it gas stations, stores, office buildings, medical facilities, housing, or apartment complexes.

decorative image for The Ultimate Guide to Houston Apartment Living: Neighborhoods, Culture, and Community article

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

Written by: Lori Rosario

Houston, the fourth most-populous city in the United States and the most populous in the south, just can't seem to stop growing and expanding. People from all over the U.S.

Articles, How-To's, and Tips

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.