Cheap Homes for Rent in the Downtown McAllen Neighborhood of McAllen, TX from $600 (96 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2901 TX-107

$699

2 Bedroom Rentals

Available Now

2901 TX-107

McAllenTX78504

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 3036 Scottland Dr

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 2 Bath Condo for Rent

Available Now

3036 Scottland Dr, Unit 2

3036 Scottland Dr
EdinburgTX78539

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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property at 202 N 41st St

$925 - $1,100

2 Bedroom Rentals

Available Now

202 N 41st St

McAllenTX78501
property at 3127 Regal Dr

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Condo for Rent

Available Now

3127 Regal Dr, Unit A

3127 Regal Dr
EdinburgTX78539
property at 6700 N 8th St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Condo for Rent

Available Now

6700 N 8th St, Unit B

6700 N 8th St
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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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 El Jardin Apartments priced from $650. The Monark Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here are the most affordable Downtown McAllen apartments for rent in McAllen, TX:

Apartment ListingModel NameBed/BathPriced From
El Jardin Apartments1 Bed, 1 bath1BR,1BA$650
The Monark ApartmentsA1 - 1x11BR,1BA$690
Bella VistaB2-50%2BR,2BA$694
Brentwood ApartmentsOne Bedroom1BR,1BA$695
StonewoodModel I1BR,1BA$745
Atrium PlaceVestibule1BR,1BA$745
Texan Ranch ApartmentsBunkhousesStudio,1BA$747
Rincon ApartmentsPlan A1BR,1BA$749
The District Apartments & SPAG2051BR,2BA$750

Best Value Apartments for Rent in Downtown McAllen, TX

As of July 30, 2026 the best value apartment in the Downtown McAllen area is the $0.85 price per square foot 6800 N 8th St Model at 6800 N 8th St, Unit Apartment B in the in the Northgate Crossing neighborhood starting from $1,195. 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.
6800 N 8th St, Unit Apartment B6800 N 8th St3BR,2BA$0.85
St. Antimo ApartmentsTwo Bedroom2BR,2BA$0.83
McAllen Flats2X2.52BR,2.5BA$0.86
Jackson Place Apartment HomesC13BR,2BA$0.63
Del Oro Apartments2 Beds, 2.5 Baths2BR,2.5BA$0.85
710 DFW Dr, Unit 3710 DFW Dr2BR,2BA$0.81
Bella Vista2BR-8112BR,2BA$0.83
1107 S Palm, Unit 21107 S Palm2BR,2BA$0.87
624 DFW Dr624 DFW Dr2BR,2BA$0.88
Atrium PlaceVestibule1BR,1.5BA$0.86

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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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 405 Apartments for Rent in Downtown McAllen, TX with pricing that ranges from $316 to $3,000. There are also 308 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown McAllen ranging from $699 to $7,000.

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 $699 to $7,000 with an average monthly rent of $1,966.

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 $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,400 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.