Cheap Homes for Rent in Downtown McAllen Neighborhood of McAllen, TX from $600 (121 Rentals)

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

property at 2901 TX-107

$650 - $825

1 To 3 Bedroom Rentals

Available Now

2901 TX-107

McAllenTX78504

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 506 Teague Ave

$995

2 Bedroom, 2 Bath Condo for Rent

Available Now

506 Teague Ave

EdinburgTX78539

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 3500 Ventura Ave

$1,025

2 Bedroom, 2 Bath Condo for Rent

Available Now

3500 Ventura Ave

McAllenTX78504
property at 3400 Ventura Ave

$1,025

2 Bedroom, 2 Bath Condo for Rent

Available Now

3400 Ventura Ave

McAllenTX78504
property at 3404 Ventura Ave

$1,025

2 Bedroom, 2 Bath Condo for Rent

Available Now

3404 Ventura Ave

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 3120 Regal Dr

$1,025

2 Bedroom, 2 Bath Townhome for Rent

Available Now

3120 Regal Dr

EdinburgTX78539
property at 11019 N 36th Ln

$1,050

2 Bedroom, 2 Bath Condo for Rent

Available Now

11019 N 36th Ln

McAllenTX78504
property at 7814 N 58th St

$1,100

2 Bedroom, 2 Bath Condo for Rent

Available Now

7814 N 58th St

MissionTX78573

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 25, 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 3 Bedroom Model at Dallas Apartments starting at $1,170 with a $0.92 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
Dallas Apartments3 Bedroom3BR,2BA$0.92
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

Frequently Asked Questions about Downtown McAllen

What type of rentals are currently available in Downtown McAllen?

There are currently 366 Apartments for Rent in Downtown McAllen, TX with pricing that ranges from $316 to $2,435. There are also 294 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown McAllen ranging from $650 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 $650 to $5,000 with an average monthly rent of $2,130.

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 $416 to $2,175, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,200 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

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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.

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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.