Cheap Apartments for Rent in the Downtown McAllen Neighborhood of McAllen, TX from $300 (60 Rentals)

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

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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501 Jasmine Villas
1 to 3 Bedroom Apartments

501 Jasmine Villas

501 E Jasmine AveMcAllen, TX 78501
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Jorsay Apartments
1 to 2 Bedroom Apartments

Jorsay Apartments

300 S G StMcAllen, TX 78501
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Harvey Apartments
2 Bedroom Apartments

Harvey Apartments

3616 Harvey StMcAllen, TX 78501
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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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Dominion Apartments
1 to 2 Bedroom Apartments

Dominion Apartments

2900-2924 N J StMcAllen, TX 78501
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Palm Manor Apartments
Studio to 2 Bedroom Apartments

Palm Manor Apartments

4812 N 10th StMcAllen, TX 78504
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South Pointe
1 to 2 Bedroom Apartments

South Pointe

1900 S 38th StMcAllen, TX 78503
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Hibiscus
1 to 2 Bedroom Apartments

Hibiscus

1113 Hibiscus AveMcAllen, TX 78501
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Legacy 2
1 Bedroom Apartments

Legacy 2

3413 N McColl RdMcAllen, TX 78501
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612-620 E Hibiscus Ave
1 Bedroom Apartments

612-620 E Hibiscus Ave

612-620 E Hibiscus AveMcAllen, TX 78501
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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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Legacy 2
1 Bedroom Apartments

Legacy 2

413 N McColl RdMcAllen, TX 78501
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Tamarack Apartments
1 to 2 Bedroom Apartments

Tamarack Apartments

1901 N Col Rowe BlvdMcAllen, TX 78501
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Ivy Terrace Apartments
1 to 3 Bedroom Apartments

Ivy Terrace Apartments

2801 W Maple AveMcAllen, TX 78501
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Evergreen Square
2 Bedroom Apartments

Evergreen Square

2501 W Nolana AveMcAllen, TX 78504
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Legacy 7
1 Bedroom Apartments

Legacy 7

1720 Kendlewood AveMcAllen, TX 78501
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Legacy 3
1 Bedroom Apartments

Legacy 3

3401 N McColl RdMcAllen, TX 78501
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Legacy 1
1 Bedroom Apartments

Legacy 1

3501 N McColl RdMcAllen, TX 78501

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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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 1 Bed unit found at Hibiscus Village priced from $379. Bella Vista has the second lowest priced unit, which is a 2 Beds apartment currently listed from $694. Here are the most affordable Downtown McAllen apartments for rent in McAllen, TX:

Apartment ListingModel NameBed/BathPriced From
Hibiscus VillageB1BR,1BA$379
Bella VistaB2-50%2BR,2BA$694
Brentwood ApartmentsOne Bedroom1BR,1BA$695
Jackson Square1X11BR,1BA$699
Peppertree1X11BR,1BA$699
McAllen ApartmentsExecutive SuiteStudio,1BA$699
The Monark ApartmentsA1 - 1x11BR,1BA$720
The Luke Apartments1 bedroom 1 bath1BR,1BA$730
Crossings Apartments1 Bed, 1 bath1BR,1BA$735

Best Value Apartments for Rent in Downtown McAllen, TX

As of January 18, 2026 the best value apartment in the Downtown McAllen area is the $0.77 price per square foot 2500 N J St Model at 2500 N J St, Unit 1 in the in the East McAllen neighborhood starting from $1,000. 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.
2500 N J St, Unit 12500 N J St2BR,2.5BA$0.77
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
Danubia2X2.52BR,2.5BA$0.75
Vintage Square Apartments, McAllen, TX2B1B2BR,1BA$0.86
1107 S Palm, Unit 21107 S Palm2BR,2BA$0.87
630 S Dfw Dr, Unit 2630 S Dfw Dr2BR,2BA$0.83
Summit ApartmentsA2BR,2BA$0.87
4307 W La Guardia Ln, Unit 14307 W La Guardia Ln2BR,2BA$0.82
604 S Logan Dr, Unit 2604 S Logan Dr2BR,2BA$0.89
Hibiscus VillageA1BR,1BA$0.49

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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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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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.

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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 the Cheapest Studio apartment in Downtown McAllen?

Currently the most affordable Cheap Studio Apartment in Downtown McAllen is at McAllen Apartments listed at $699.

How much is rent for a Cheap One Bedroom Downtown McAllen Apartment?

The lowest price for a Cheap One Bedroom Downtown McAllen Apartment is $379 at Hibiscus Village.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown McAllen is starting from $446 at Hibiscus Village.

What is the most affordable Downtown McAllen Three Bedroom Apartment?

The best deal on a cheap Downtown McAllen Three Bedroom Apartment rental is at Hibiscus Village and starts from $507.

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!