Cheap Apartments for Rent in the Downtown McAllen Neighborhood of McAllen, TX from $316 (236 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown McAllen area of McAllen.

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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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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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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Downtown McAllen, McAllen, TX Local Guide

Cheapest Available Downtown McAllen Apartments for Rent

 

The cheapest available apartment rental in the Downtown McAllen area of McAllen, TX is a 3 Beds unit found at Avanti at Emerald Point Apartments priced from $554. Jackson Place Apartment Homes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here are the most affordable Downtown McAllen apartments for rent in McAllen, TX:

Apartment ListingModel NameBed/BathPriced From
Avanti at Emerald Point ApartmentsC5-30%3BR,2BA$554
Jackson Place Apartment HomesB12BR,2BA$625
El Jardin Apartments1 Bed, 1 bath1BR,1BA$650
Bella VistaB2-50%2BR,2BA$694
Maple Manor Apartments1 Bed 1 Bath1BR,1BA$700
Crossings Apartments1 Bed, 1 bath1BR,1BA$735
Brentwood ApartmentsOne Bedroom1BR,1BA$745
Texan Ranch ApartmentsBunkhousesStudio,1BA$747
McAllen ApartmentsExecutive SuiteStudio,1BA$750
The District Apartments & SPAG2051BR,2BA$750

Best Value Apartments for Rent in Downtown McAllen, TX

As of September 07, 2026 the best value apartment in the Downtown McAllen area is the $0.66 price per square foot 2BR/2.5BA Model at Cherokee in the in the East McAllen neighborhood starting from $875. The second greatest value Downtown McAllen apartment is the Two Bedroom Model at St. Antimo Apartments starting at $1,080 with a $0.83 price per square foot in the East McAllen neighborhood. Here is today’s list of the best values for Downtown McAllen apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cherokee2BR/2.5BA2BR,2.5BA$0.66
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
McAllen Flats Apartment2X2.52BR,2.5BA$0.85
Del Oro Apartments2 Beds, 2.5 Baths2BR,2.5BA$0.85
Las Villitas on Shary2 Beds, 2 Baths2BR,2BA$0.89
Hibiscus VillageC2BR,2BA$0.89
Bella Vista2BR-8112BR,2BA$0.83
1700 Bronze, Unit 31700 Bronze2BR,2BA$0.85
1107 S Palm, Unit 21107 S Palm2BR,2BA$0.80
Alta Vista Apartments1 Bedroom1BR,1BA$0.89

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Best Local Schools in
Downtown Mcallen, Mcallen, TX

School data provided by Great Schools

Lifestyle Ratings

This website is proud to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central McAllen. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown McAllen Apartments

What is a cheap apartment in Downtown McAllen?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown McAllen is under $750.

What is the price of a cheap apartment in Downtown McAllen?

The cheapest apartment in Downtown McAllen is El Jardin Apartments which is listed at $650, while the average apartment in Downtown McAllen costs $999.

What types of apartments are the cheapest in Downtown McAllen?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 19 regular apartments in Downtown McAllen that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown McAllen?

Cheap apartments in Downtown McAllen have an average cost of $144 which is $855 cheaper than the average rent for all rentals in Downtown McAllen.

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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.