Cheap Apartments for Rent in Magnolia, TX from $300 (71 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
$1,250 - $2,017
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $2,017
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Alexan Magnolia

4255 Magnolia Village DrMagnolia, TX 77354
Luxury
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property at 29980 FM2978

$1,243 - $2,801

1 To 4 Bedroom Rentals

Available Now

29980 FM2978

MagnoliaTX77354

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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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

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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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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Park at Spring Creek
Rent Specials
$1,003 - $1,334
Total Monthly Price

Total Monthly Price

Base Rent
$1,003 - $1,334
Total Monthly Price
$1,003 - $1,334
1 to 2 Bedroom Apartments Available Now

Park at Spring Creek

29807 Tomball PkyTomball, TX 77375
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Magnolia, TX Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Magnolia, TX

Pricing Updated: 06/07/2026

Current apartment rentals in the Magnolia, TX area range in price from $886 to $18,203 with an overall median price of $3,865. The three Magnolia neighborhoods with the lowest median rent pricing are Royal Oaks at $1,250, Thousand Oaks at $1,250, and Ascot Farms at $904. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Magnolia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Royal Oaks$2,100$1,25019
Thousand Oaks$2,100$1,25019
Ascot Farms$2,153$904107
Lake Windcrest$2,153$90465
Forest Crossing$2,345$904211
Westwood North$2,345$904286
Woodlane Forest$2,345$904172
Skylight Timbers$2,400$2,4001
Lynwood$2,512$1,25059
Woodlands$18,203$886314

Cheapest Available Magnolia Apartments for Rent

 

The cheapest available apartment rental in Magnolia, TX is a 1 Bed unit found at Bridgewater in the Miramar Lake neighborhood priced from $850. Retreat at Magnolia in the Sterling Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $904. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bridgewater1B Classic1BR,1BA$850
Retreat at MagnoliaA11BR,1BA$904
The Terrace at Pine Lake CoveEFFStudio,1BA$947
Park at MagnoliaA21BR,1BA$979
Evergreen at Sterling RidgeA31BR,1BA$980
Woodland PointA1R1BR,1BA$999
Park at Spring CreekA21BR,1BA$1,003
Villages of MagnoliaA11BR,1BA$1,022
Whispering Pines RanchCypress with Solarium1BR,1BA$1,023

Best Value Apartments for Rent in Magnolia, TX

As of June 07, 2026 the best value apartment in the Magnolia area is the $1.24 price per square foot Weston Model at Logan Square in the in the Forest Crossing neighborhood starting from $2,345. The second greatest value Magnolia apartment is the C1 Model at Woodland Landings starting at $1,824 with a $1.39 price per square foot in the Forest Crossing 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 SquareWeston4BR,2.5BA$1.24
Woodland LandingsC13BR,2BA$1.39
Keystone TownhomesLegacy2BR,2.5BA$1.18
Crossings at Cherry Apartment HomesAspen Lower3BR,2BA$1.46
Park at Walkers Landing2 bedroom, 2 bathroom2BR,2BA$1.27
Tomball Ranch2 Beds 2 Baths2BR,2BA$1.39
Enclave at Woodland LakesA51BR,1BA$1.48
Whispering Pines RanchLoblolly1BR,1BA$1.58
Park at Spring CreekA21BR,1BA$1.57
Retreat at MagnoliaA11BR,1BA$1.49

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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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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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 #323

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 The Terrace at Pine Lake Cove listed at $947.

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

The lowest price for a Cheap One Bedroom Magnolia Apartment is $850 at Bridgewater.

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 $1,069 at Bridgewater.

What is the most affordable Magnolia Three Bedroom Apartment?

The best deal on a cheap Magnolia Three Bedroom Apartment rental is at Marymont and starts from $1,368.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.