Cheap Apartments for Rent in the Downtown McAllen Neighborhood of McAllen, TX from $300 (370 Rentals)

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

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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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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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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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 501 Jasmine Villas priced from $460. Avanti at Emerald Point Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $516. Here are the most affordable Downtown McAllen apartments for rent in McAllen, TX:

Apartment ListingModel NameBed/BathPriced From
501 Jasmine VillasThree Bedroom One Bath3BR,1BA$460
Avanti at Emerald Point ApartmentsC43BR,2BA$516
El Jardin Apartments1 Bed, 1 bath1BR,1BA$650
Bella VistaB2-50%2BR,2BA$694
Brentwood ApartmentsOne Bedroom1BR,1BA$695
The Monark ApartmentsA1 - 1x11BR,1BA$720
Jackson Square1X11BR,1BA$729
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 April 19, 2026 the best value apartment in the Downtown McAllen area is the $0.83 price per square foot Two Bedroom Model at St. Antimo Apartments in the in the East McAllen neighborhood starting from $1,080. The second greatest value Downtown McAllen apartment is the 2X1.5 Model at Danubia starting at $889 with a $0.77 price per square foot in the Northgate Crossing 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.
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
Danubia2X1.52BR,1.5BA$0.77
4408 N 24th Ln, Unit # 34408 N 24th Ln2BR,2BA$0.83
Bella Vista2BR-8112BR,2BA$0.83
1800 W Bronze St, Unit #11800 W Bronze St2BR,2BA$0.88
Summit ApartmentsA2BR,2BA$0.87
715 S Dfw Dr, Unit #2715 S Dfw Dr2BR,2BA$0.84
724 S O'Hare Dr, Unit A724 S O'Hare Dr2BR,2BA$0.88
4307 W La Guardia Ln, Unit 14307 W La Guardia Ln2BR,2BA$0.76
Alta Vista Apartments1 Bedroom1BR,1BA$0.89

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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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

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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 $735.

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 $2,350.

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 63 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 $185 which is $2,165 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.