
Cheap Homes for Rent in Lancaster, TX from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Lancaster.


1001 Pecan Crossing Dr

2530 Camel Ct

885 East Ovilla Road

1107 Valley View Dr

438 Warbler Dr

539 Canary Ln
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.

130 W Cherry Point Dr

945 E Kirnwood Dr

1717 Dynasty Dr

514 E Belt Line Rd

1225 E Pleasant Run Rd

1225 E Pleasant Run Rd

1225 E Pleasant Run Rd
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.

1225 E Pleasant Run Rd

5828 Lazy River Dr

1112 Valley View Dr

1722 Carrington Dr

713 Inglewood Trail

2520 Kirkley St

1519 Oakbrook St
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Lancaster, TX Local Guide

How much does it cost to rent a home in Lancaster?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lancaster 2 Bedroom Homes for Rent | $1,712 | $1,395 | $2,500 |
| Lancaster 3 Bedroom Homes for Rent | $2,073 | $1,475 | $3,120 |
| Lancaster 4 Bedroom Homes for Rent | $2,423 | $1,475 | $3,500 |
| Lancaster 5 Bedroom Homes for Rent | $3,006 | $2,445 | $3,685 |
Browse Top Homes for Rent in Lancaster
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Lancaster, TX Local Guide
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Cheapest Available Lancaster Apartments for Rent
 The cheapest available apartment rental in Lancaster, TX is a 1 Bed unit found at Waverly Apartments in the Pleasant Run neighborhood priced from $950. Vista Park Apartments in the Meadowview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $980. Here is today’s list of the most affordable Lancaster apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waverly Apartments | 1st Mo. Rent FREE Move in Special! (OAC) | 1BR,1BA | $950 |
| Vista Park Apartments | Efficiency | 1BR,1BA | $980 |
| Laurel Grove by Trion Living | A1 | 1BR,1BA | $1,020 |
| Casa Hills at Wolf Creek | 2/1.5 | 2BR,1BA | $1,049 |
| Windsong Place | A1 | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Lancaster, TX
As of March 24, 2026 the best value apartment in the Lancaster area is the $1.36 price per square foot C1 Model at Ridge At Lancaster in the in the Highland Hills neighborhood starting from $1,735. The second greatest value Lancaster apartment is the Three Bed Two Bath 1204 Sqft Model at Creekwood Place starting at $1,770 with a $1.47 price per square foot in the Meadowview neighborhood. Here is today’s list of the best values for Lancaster apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ridge At Lancaster | C1 | 3BR,2BA | $1.36 |
| Creekwood Place | Three Bed Two Bath 1204 Sqft | 3BR,2BA | $1.47 |
| Beckley Townhomes | Two Bedroom Townhome | 2BR,2BA | $1.12 |
| The Park at Wintergreen Apartments | The Pathway | 2BR,2BA | $1.49 |
| Rosemont of Lancaster | B2B-60% | 2BR,2BA | $1.61 |
| Highland Hills | One Bedroom Apartment | 1BR,1BA | $1.64 |
| Waverly Apartments | 1st Mo. Rent FREE Move in Special! (OAC) | 1BR,1BA | $1.27 |
| Laurel Grove by Trion Living | A2 | 1BR,1BA | $1.52 |
| Rolling Hills Place | Avalon | 1BR,1BA | $1.64 |
| Casa Hills at Wolf Creek | 1/1 | 1BR,1BA | $1.61 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleTop Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX
Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark
Read ArticleQuick 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.
Best Local Schools in Lancaster, TX
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lancaster, TX Rentals by Map
See the most popular apartments and homes in Lancaster, TX
Frequently Asked Questions about Lancaster
What type of rentals are currently available in Lancaster?
There are currently 64 Apartments for Rent in Lancaster, TX with pricing that ranges from $949 to $13,630. There are also 166 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lancaster ranging from $540 to $3,685.
What is the current price range for Rental Homes in Lancaster?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lancaster ranges from $540 to $3,685 with an average monthly rent of $1,859.
How much are larger Three and Four Bedroom Rentals in Lancaster?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lancaster range from $1,399 to $2,532, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $3,120. Four Bedroom Single-Family rentals are also available starting from $1,475 and Four Bedroom Apartments start at $1,929.
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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.