Cheap Homes for Rent in Downtown McAllen Neighborhood of McAllen, TX from $700 (171 Rentals)

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Search the lowest-cost Homes 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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property at 1104 Fern Ave

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 2 Bath Condo for Rent

Available Now

1104 Fern Ave

McAllenTX78501
property at 1105 W Kennedy St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1105 W Kennedy St

PharrTX78577
property at 1105 W Kennedy St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1105 W Kennedy St

PharrTX78577
property at 4113 W La Guardia Ln

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

2 Bedroom, 2 Bath Condo for Rent

Available Now

4113 W La Guardia Ln, Unit 3

4113 W La Guardia Ln
EdinburgTX78539
property at 1006 W Kelly Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

2 Bedroom, 1 Bath Condo for Rent

Available Now

1006 W Kelly Ave, Unit G

1006 W Kelly Ave
PharrTX78577

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 618 DFW Dr

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

2 Bedroom, 3 Bath Condo for Rent

Available Now

618 DFW Dr, Unit 2

618 DFW Dr
EdinburgTX78539
property at 6604 N 7th St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 2 Bath Condo for Rent

Available Now

6604 N 7th St

McAllenTX78504
property at 1105 W Kennedy St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Townhome for Rent

Available Now

1105 W Kennedy St

PharrTX78577

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 900 E Redbud Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Condo for Rent

Available Now

900 E Redbud Ave, Unit 16b5

900 E Redbud Ave
McAllenTX78504

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 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$682
Brentwood ApartmentsOne Bedroom1BR,1BA$695
Jackson Square1X11BR,1BA$699
The Monark ApartmentsA1 - 1x11BR,1BA$720
The Luke Apartments1 bedroom 1 bath1BR,1BA$730
Peppertree1X11BR,1BA$739

Best Value Apartments for Rent in Downtown McAllen, TX

As of March 14, 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 $1,000 with a $0.77 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$0.77
Danubia2X1.52BR,1.5BA$0.76
Hibiscus VillageC2BR,2BA$0.89
Avanti at Emerald Point ApartmentsB4-60%2BR,2BA$0.91
617 DFW Dr, Unit Apt 4617 DFW Dr2BR,2BA$0.88
Summit ApartmentsA2BR,2BA$0.87
Alta Vista Apartments1 Bedroom1BR,1BA$0.89
Royal Oaks ApartmentsA11BR,1BA$0.94
Jackson Square1X11BR,1BA$0.95

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

Frequently Asked Questions about Downtown McAllen

What type of rentals are currently available in Downtown McAllen?

There are currently 358 Apartments for Rent in Downtown McAllen, TX with pricing that ranges from $316 to $2,405. There are also 356 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown McAllen ranging from $775 to $5,000.

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 $775 to $5,000 with an average monthly rent of $1,857.

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 $516 to $2,145, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $2,350.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.