Cheap Apartments for Rent in Magnolia, TX from $300 (97 Rentals)

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

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Alexan Magnolia
Rent Specials
$1,204 - $1,997
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $1,997
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Alexan Magnolia

4255 Magnolia Village DrMagnolia, TX 77354
Luxury
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 29980 FM2978

$1,243 - $2,801

1 To 4 Bedroom Rentals

Available Now

29980 FM2978

MagnoliaTX77354
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Oasis at Magnolia
Rent Specials
$1,566 - $3,104
Total Monthly Price

Total Monthly Price

Base Rent
$1,566 - $3,104
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Oasis at Magnolia

33200 Forest West StreetMagnolia, TX 77354
Affordability
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 28402 Champion Oaks Dr

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

28402 Champion Oaks Dr

MagnoliaTX77354
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Grand Oaks MHC
2 to 4 Bedroom Apartments

Grand Oaks MHC

30410 Valley Oaks DrMagnolia, TX 77355
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Grand Oaks Homes
2 to 4 Bedroom Apartments

Grand Oaks Homes

18823 Grand Oaks BlvdMagnolia, TX 77355

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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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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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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Magnolia, TX Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Magnolia, TX

Pricing Updated: 07/22/2026

Current apartment rentals in the Magnolia, TX area range in price from $1,200 to $17,200 with an overall median price of $6,524. The three Magnolia neighborhoods with the lowest median rent pricing are Indigo Lake Estates at $1,545, Forest Crossing at $1,471, and Westwood North at $1,471. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Magnolia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Indigo Lake Estates$2,354$1,54511
Forest Crossing$2,500$1,47111
Westwood North$2,675$1,47122
Woodlands$3,300$1,471150
Lynwood$3,900$1,9755
Woodlane Forest$4,290$2,50010
Glen Oaks$5,600$1,20018
Lake Windcrest$5,800$1,5006
High Meadow Ranch$6,950$1,7993
Ascot Farms$17,200$1,50037

Cheapest Available Magnolia Apartments for Rent

 

The cheapest available apartment rental in Magnolia, TX is a 1 Bed unit found at Park at Spring Creek in the Miramar Lake neighborhood priced from $879. Retreat at Magnolia in the Sterling Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $956. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park at Spring CreekA21BR,1BA$879
Retreat at MagnoliaA11BR,1BA$956
Park at MagnoliaA11BR,1BA$959
Villages of MagnoliaA11BR,1BA$997
Whispering Pines RanchCypress with Solarium1BR,1BA$1,015
Cobble CreekA1-R21BR,1BA$1,020
Bridgewater1A RENO1BR,1BA$1,054
Hickory HillA21BR,1BA$1,080
Town Creek Village ApartmentsA21BR,1BA$1,095
Woodland PointA2R1BR,1BA$1,119

Best Value Apartments for Rent in Magnolia, TX

As of July 22, 2026 the best value apartment in the Magnolia area is the $1.27 price per square foot Oxford Model at Logan Square in the in the Alden Bridge neighborhood starting from $2,195. The second greatest value Magnolia apartment is the Ashall Model at Keystone Townhomes starting at $1,419 with a $1.21 price per square foot in the Miramar Lake neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Logan SquareOxford3BR,2.5BA$1.27
Keystone TownhomesAshall2BR,2.5BA$1.21
Enclave at Woodland LakesB22BR,2BA$1.51
Crossings at Cherry Apartment HomesAspen Upper3BR,2BA$1.47
Town Creek Village ApartmentsB12BR,2BA$1.42
Park at Walkers Landing2 bedroom, 2 bathroom2BR,2BA$1.27
Tomball Ranch2 Beds 2 Baths2BR,2BA$1.36
MarymontBrookhaven2BR,2BA$1.42
Woodland LandingsA11BR,1BA$1.42
Park at Spring CreekA21BR,1BA$1.37

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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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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Magnolia Overview

Magnolia is a vibrant city located in southwestern Montgomery County, Texas. The quality of life in Magnolia makes it an easy choice for empty nesters, families and business executives alike. Here lush pine forests and peaceful pastures co-exist in harmony with the businesses and entrepreneurial ventures.

Why live in Magnolia, TX?

Do you like the Texas Renaissance Festivals? There is one that occurs every year in Magnolia and lasts about 6 weekends. Although Magnolia is not on any major highway, it is close to U.S Highway 290 an easy way to get into Houston. Magnolia prides itself on being a green city as it has plenty of trees mostly pines. The area is humid and hot during summer, but the pine trees always offer ample shade especially if you get a nice property. It is far enough from the coast, which gives you enough cover from the monster hurricanes. All these niceties are a clear indication why Scenic Texas awarded Recognized Scenic City Certification to Magnolia.

Pet Friendly Lifestyle
Magnolia, TX

Ranked #342

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Magnolia, TX

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Magnolia Apartments

What is the Cheapest Studio apartment in Magnolia?

Currently the most affordable Cheap Studio Apartment in Magnolia is at Villages of Magnolia listed at $1,022.

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

The lowest price for a Cheap One Bedroom Magnolia Apartment is $879 at Park at Spring Creek.

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

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $1,174 at Bridgewater.

What is the most affordable Magnolia Three Bedroom Apartment?

The best deal on a cheap Magnolia Three Bedroom Apartment rental is at Crossings at Cherry Apartment Homes and starts from $1,630.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.