Cheap Apartments for Rent in Masterson, TX from $400 (46 Rentals)

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

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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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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Patterson Place
1 to 2 Bedroom Apartments

Patterson Place

2609 Patterson DrAmarillo, TX 79109
  • Utilities Included

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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Creek Bend
1 to 3 Bedroom Apartments

Creek Bend

6209 Interstate 40 WAmarillo, TX 79106
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Mockingbird Apartments
1 to 3 Bedroom Apartments

Mockingbird Apartments

3500 Mockingbird LnAmarillo, TX 79109
  • Utilities Included
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Colonial Jamestown
1 to 3 Bedroom Apartments

Colonial Jamestown

3110 SW 27th AveAmarillo, TX 79109
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Bellview Apartments
Studio to 2 Bedroom Apartments

Bellview Apartments

1550 Bell StAmarillo, TX 79106
Corporate Housing
  • Utilities Included
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Amarillo Med Hotel
1 Bedroom Apartments

Amarillo Med Hotel

2108 S Coulter StAmarillo, TX 79106
Corporate Housing
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-46, Page 1 of 1

Masterson, TX Local Guide

Cheapest Available Masterson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Masterson, TX is a Studio unit found at Parks at Granite Apartments in the Soncy neighborhood priced from $625. Concord Apartments in the Plemons Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here is today’s list of the most affordable Masterson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parks at Granite Apartments0 bedroom 1 bathroomStudio,1BA$625
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Fircrest ApartmentsPhase Two 1BR/1BA1BR,1BA$699
Brierwood ApartmentsD1BR,1BA$725
Badger on Jackson1x11BR,1BA$725
Hunter's Crossing Apartments1BD 1BA1BR,1BA$755
Ashton Place ApartmentsSmall One Bedroom1BR,1BA$755
Huntington PointeSilver Sage1BR,1BA$765
Palo Duro Place Apartments in Amarillo TXOne Bedroom One Bath1BR,1BA$766
Patterson Place1BD 1BA1BR,1BA$775

Best Value Apartments for Rent in Masterson, TX and Nearby

As of April 25, 2026 the best value apartment in the Masterson area is the $1.04 price per square foot Three Bedroom Model at Cathy's Pointe Apartments in the in the Dumas Junction neighborhood starting from $1,160. The second greatest value Masterson apartment is the 2x2 Model at Legacy Ridge Apartments starting at $950 with a $0.90 price per square foot in the Soncy neighborhood. Here is today’s list of the best values for Masterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Legacy Ridge Apartments2x22BR,2BA$0.90
Reserves at BrooksideB2-60%2BR,2BA$1.11
Mariposa Jason Avenue 55+ Apartment HomesA21BR,1BA$1.10
Huntington PointeSilver Sage1BR,1BA$1.09
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.08
Paramount Square Apartments2 BD 1BA - 700 sq ft2BR,1BA$1.14
Patterson Place1BD 1BA1BR,1BA$1.12
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Brierwood ApartmentsD1BR,1BA$1.10

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.

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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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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.

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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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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.

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

Explore Masterson, TX Rentals by Map

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See the most popular apartments and homes in Masterson, TX

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Frequently Asked Questions about Cheap Masterson Apartments

What is the Cheapest Studio apartment in Masterson?

Currently the most affordable Cheap Studio Apartment in Masterson is at Parks at Granite Apartments listed at $625.

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

The lowest price for a Cheap One Bedroom Masterson Apartment is $655 at Concord Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Masterson is starting from $775 at Fircrest Apartments.

What is the most affordable Masterson Three Bedroom Apartment?

The best deal on a cheap Masterson Three Bedroom Apartment rental is at Brierwood Apartments and starts from $925.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.

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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.