Cheap Apartments for Rent near Masterson, TX from $400 (49 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Concord Apartments
1 to 2 Bedroom Apartments

Concord Apartments

3019 SW 28th AveAmarillo, TX 79109
close
View Me
Patterson Place
1 to 2 Bedroom Apartments

Patterson Place

2609 Patterson DrAmarillo, TX 79109
  • Utilities Included
close
View Me
Creek Bend
1 to 3 Bedroom Apartments

Creek Bend

6209 Interstate 40 WAmarillo, TX 79106

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.

Read Article
close
View Me
Mockingbird Apartments
1 to 3 Bedroom Apartments

Mockingbird Apartments

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

Colonial Jamestown

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

Bellview Apartments

1550 Bell StAmarillo, TX 79106
Corporate Housing
  • Utilities Included

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.

Read Article
Showing Results 1-49, 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 1 Bed unit found at The Larsson in the Plemons Historic District neighborhood priced from $455. Concord Apartments in the Downtown Amarillo 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
The Larsson1/1.001BR,1BA$455
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Parks at Granite Apartments1 bedroom 1 bathroom1BR,1BA$707
Brierwood ApartmentsD1BR,1BA$725
Badger on Jackson1x11BR,1BA$725
Hunter's Crossing Apartments1BD 1BA1BR,1BA$755
Ashton Place ApartmentsSmall One Bedroom1BR,1BA$755
Mariposa Jason Avenue 55+ Apartment HomesA21BR,1BA$782
The Wellington Apartments1BD 1BA, sq ft 6701BR,1BA$790
Paramount Square Apartments2 BD 1BA - 700 sq ft2BR,1BA$795

Best Value Apartments for Rent in Masterson, TX and Nearby

As of July 25, 2026 the best value apartment in the Masterson area is the $1.06 price per square foot C3-60% Model at Reserves at Brookside in the starting from $1,262. 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.
Reserves at BrooksideC3-60%3BR,2BA$1.06
Legacy Ridge Apartments2x22BR,2BA$0.90
Mariposa Jason Avenue 55+ Apartment HomesA21BR,1BA$1.01
The Larsson2/2.002BR,2BA$0.95
El Centro1 Bed, 1 bath1BR,1BA$1.14
Paramount Square Apartments2 BD 1BA - 700 sq ft2BR,1BA$1.14
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.08
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Brierwood ApartmentsD1BR,1BA$1.10
Badger on Jackson1x11BR,1BA$1.15

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Masterson, TX Rentals by Map

Decorative image of map

See the most popular apartments and homes in Masterson, TX

View Map
Masterson, TX Apartments Map
View Map
Masterson, TX Rental Homes Map

Frequently Asked Questions about Cheap Masterson Apartments

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

The lowest price for a Cheap One Bedroom Masterson Apartment is $455 at The Larsson.

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 $715 at The Larsson.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.