Cheap Homes for Rent in Downtown McAllen Neighborhood of McAllen, TX from $500 (100 Rentals)

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

property at 3616 Harvey Dr W

3616 Harvey Dr W

McAllenTX78501
property at 3616 Harvey Dr W

3616 Harvey Dr W

McAllenTX78501

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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property at 623 S Dfw Dr

623 S Dfw Dr

EdinburgTX78539
property at 417 E Ulex Ave

417 E Ulex Ave

McAllenTX78504

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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property at 2209 Ithaca Ave

2209 Ithaca Ave

McAllenTX78501
property at 900 E Redbud Ave

900 E Redbud Ave

McAllenTX78504
property at 3409 Frio Ave

3409 Frio Ave

McAllenTX78504
property at 11019 N 36th Ln

11019 N 36th Ln

McAllenTX78504

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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property at 7107 N 59th Ln

7107 N 59th Ln

McAllenTX78503

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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property at 7703 N 58th Ln

7703 N 58th Ln

MissionTX78573
property at 7815 N 58th Ln

7815 N 58th Ln

MissionTX78573
property at 7706 N 58th St

7706 N 58th St

MissionTX78573
property at 7702 N 58th St

7702 N 58th St

MissionTX78573
property at 7814 N 58th St

7814 N 58th St

MissionTX78573
property at 3408 Ventura Ave

3408 Ventura Ave

McAllenTX78504
property at 11003 N 36th Ln

11003 N 36th Ln

McAllenTX78504
property at 213 S 49th St

213 S 49th St

McAllenTX78501
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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 at Emerald Point Apartments priced from $444. 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 at Emerald Point ApartmentsB42BR,2BA$444
501 Jasmine VillasThree Bedroom One Bath3BR,1BA$460
Hibiscus Apartments1 Bedroom 1 Bath1BR,1BA$656
612-620 E Hibiscus Ave1/11BR,1BA$675
Jackson Square1X11BR,1BA$729
Peppertree1X11BR,1BA$739
Brentwood ApartmentsOne Bedroom1BR,1BA$745
Texan Ranch ApartmentsBunkhousesStudio,1BA$747
Maple Manor Apartments1 Bed, 1 bath1BR,1BA$750
1210 Pecan BlvdStudio, 1 bathStudio,1BA$750

Best Value Apartments for Rent in Downtown McAllen, TX

As of July 30, 2025 the best value apartment in the Downtown McAllen area is the $0.82 price per square foot 612 N Bicentennial Blvd Model at 612 N Bicentennial Blvd, Unit A in the in the Downtown McAllen neighborhood starting from $1,150. 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.
612 N Bicentennial Blvd, Unit A612 N Bicentennial Blvd3BR,2BA$0.82
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
Danubia2X1.52BR,1.5BA$0.80
Avanti at Emerald Point ApartmentsB42BR,2BA$0.41
Avanti WestB22BR,2BA$0.72
Avanti Legacy Emerald Point ApartmentsTwo Bedroom2BR,2BA$0.75
3043 Scotland Dr, Unit 23043 Scotland Dr2BR,2BA$0.90
709 Nightingale Ave, Unit D709 Nightingale Ave2BR,2BA$0.89
4307 W La Guardia Ln, Unit 14307 W La Guardia Ln2BR,2BA$0.90
213 E Upas Ave, Unit 4213 E Upas Ave2BR,2BA$0.90

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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Frequently Asked Questions about Downtown McAllen

What type of rentals are currently available in Downtown McAllen?

There are currently 402 Apartments for Rent in Downtown McAllen, TX with pricing that ranges from $346 to $2,350. There are also 360 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown McAllen ranging from $550 to $9,000.

What is the current price range for Rental Homes in Downtown McAllen?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown McAllen ranges from $550 to $9,000 with an average monthly rent of $2,602.

How much are larger Three and Four Bedroom Rentals in Downtown McAllen?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown McAllen range from $504 to $2,090, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $2,350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.