Cheap Apartments for Rent near Kermit, TX from $479 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in Kermit.

Rent According to Income: A Look at Income-Restricted Rentals

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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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High Plains
1 to 2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
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Acacia Park
1 to 2 Bedroom Apartments

Acacia Park

4775 Oakwood DrOdessa, TX 79761

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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The Laurel Condos
1 to 2 Bedroom Apartments

The Laurel Condos

600 Dotsy AveOdessa, TX 79763
Corporate Housing
  • Utilities Included
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Andalucia Villas
1 to 3 Bedroom Apartments

Andalucia Villas

5075 E 52nd StOdessa, TX 79762

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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Showing Results 1-50, Page 1 of 2

Kermit, TX Local Guide

Cheapest Available Kermit Apartments for Rent and Nearby

 

The cheapest available apartment rental in Kermit, TX is a 1 Bed unit found at Fairway Flats priced from $479. Alturas Penbrook has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Kermit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairway Flats1 Bed/ 1 Bath1BR, 1BA$479
Alturas Penbrook1 BR x 1 BA1BR, 1BA$799
Westwood SquareA11BR, 1BA$800
Arbor OaksAO-33BR, 2BA$824
Alturas Eleventh1 BR x 1 BA1BR, 1BA$829
Trestles CondominiumsOne Bedroom1BR, 1BA$850
Mission Village of Pecos1 Bed, 1 bath1BR, 1BA$856
Avenue CommonsOne Bedroom1BR, 1BA$883
Pebblebend ApartmentsBU1BR, 1BA$899
Westwinds Village1/1, 648 sq ft1BR, 1BA$925

Best Value Apartments for Rent in Kermit, TX and Nearby

As of September 16, 2026 the best value apartment in the Kermit area is the $0.72 price per square foot AO-3 Model at Arbor Oaks starting from $824. The second greatest value Kermit apartment is the Two Bedroom Townhome Model at Country Crest Townhomes starting at $1,499 with a $1.34 price per square foot. Here is today’s list of the best values for Kermit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbor OaksAO-33BR, 2BA$0.72
Country Crest TownhomesTwo Bedroom Townhome2BR, 1.5BA$1.34
Mission Village of Monahans2 Bedroom2BR, 1BA$0.97
Arbor Terrace TownhomesA2BR, 1.5BA$1.17
Garden ApartmentsTwo Bedroom2BR, 1BA$1.36
Mission Village of Pecos1 Bed, 1 bath1BR, 1BA$1.14
Cru1Bed 1Bath1BR, 1BA$1.29
Westwood SquareA11BR, 1BA$1.10
Fairway Flats1 Bed/ 1 Bath1BR, 1BA$0.67
Avenue CommonsOne Bedroom1BR, 1BA$1.32

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Kermit, TX

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Frequently Asked Questions about Cheap Kermit Apartments

How much is rent for a Cheap One Bedroom Kermit Apartment?

The lowest price for a Cheap One Bedroom Kermit Apartment is $479 at Fairway Flats.

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

Today's best deal for a Cheap Two Bedroom Apartment in Kermit is starting from $539 at Fairway Flats.

What is the most affordable Kermit Three Bedroom Apartment?

The best deal on a cheap Kermit Three Bedroom Apartment rental is at Fairway Flats and starts from $579.

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.