Cheap Apartments for Rent in the Downtown McAllen Neighborhood of McAllen, TX from $300 (82 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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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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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
  • Utilities Included
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Harvey Apartments
2 Bedroom Apartments

Harvey Apartments

3616 Harvey StMcAllen, TX 78501
  • 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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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 2 Beds unit found at Avanti West priced from $453. 501 Jasmine Villas has the second lowest priced unit, which is a 3 Beds apartment currently listed from $460. Here are the most affordable Downtown McAllen apartments for rent in McAllen, TX:

Apartment ListingModel NameBed/BathPriced From
Avanti WestB2-30%2BR,2BA$453
501 Jasmine VillasThree Bedroom One Bath3BR,1BA$460
Avanti at Emerald Point ApartmentsC43BR,2BA$516
El Jardin Apartments1 Bed, 1 bath1BR,1BA$650
Palm Garden Apartments2 Beds, 2 baths2BR,2BA$650
The Monark ApartmentsA1 - 1x11BR,1BA$690
Bella VistaB2-50%2BR,2BA$694
Brentwood ApartmentsOne Bedroom1BR,1BA$695
Jackson Square1X11BR,1BA$699
Peppertree1X11BR,1BA$699

Best Value Apartments for Rent in Downtown McAllen, TX

As of June 03, 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 2500 N J St Model at 2500 N J St, Unit 1 starting at $990 with a $0.76 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.
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
2500 N J St, Unit 12500 N J St2BR,2.5BA$0.76
McAllen Flats2X2.52BR,2.5BA$0.77
Hibiscus VillageC2BR,2BA$0.89
716 DFW Dr, Unit 2716 DFW Dr2BR,2BA$0.81
Bella Vista2BR-8112BR,2BA$0.83
715 S Dfw Dr, Unit #2715 S Dfw Dr2BR,2BA$0.84
604 S Logan Dr, Unit 2604 S Logan Dr2BR,2BA$0.89
Alta Vista Apartments1 Bedroom1BR,1BA$0.89
Palm Garden Apartments2 Beds, 2 baths2BR,2BA$0.81

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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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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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 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 $699.

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 $2,365.

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 15 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 $124 which is $2,241 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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.