Cheap Homes for Rent in Downtown McAllen Neighborhood of McAllen, TX from $600 (133 Rentals)

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Search the lowest-cost Homes 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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property at 4109 N 24th Ln

$750 - $850

1 To 2 Bedroom Rentals

Available Now

4109 N 24th Ln

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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property at 1107 Shasta Ave W

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

1107 Shasta Ave W, Unit 4, Unit 4

1107 Shasta Ave W
McAllenTX78504
property at 3036 Scottland Dr

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 2 Bath Condo for Rent

Available Now

3036 Scottland Dr, Unit 2, Unit 2

3036 Scottland Dr
EdinburgTX78539
property at 1107 Shasta Ave W

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Condo for Rent

Available Now

1107 Shasta Ave W, Unit 2, Unit 2

1107 Shasta Ave W
McAllenTX78504
property at 1705 Douglas

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 2 Bath Condo for Rent

Available Now

1705 Douglas, Unit 1, Unit 1

1705 Douglas
PharrTX78577

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 420 Teague Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Condo for Rent

Available Now

420 Teague Ave, Unit 4, Unit 4

420 Teague Ave
EdinburgTX78539
property at 416 Teague Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Condo for Rent

Available Now

416 Teague Ave, Unit 1, Unit 1

416 Teague Ave
EdinburgTX78539
property at 416 Teague Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 2 Bath Condo for Rent

Available Now

416 Teague Ave, Unit 2, Unit 2

416 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 4008 Parkplace Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

3 Bedroom, 2 Bath Condo for Rent

Available Now

4008 Parkplace Ave, Unit 4, Unit 4

4008 Parkplace Ave
PharrTX78577
property at 1107 Shasta Ave W

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

1107 Shasta Ave W, Unit 1, Unit 1

1107 Shasta Ave W
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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Showing Results 1-50, Page 1 of 3

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 Avanti at Emerald Point Apartments priced from $516. El Jardin Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Downtown McAllen apartments for rent in McAllen, TX:

Apartment ListingModel NameBed/BathPriced From
Avanti at Emerald Point ApartmentsC43BR,2BA$516
El Jardin Apartments1 Bed, 1 bath1BR,1BA$650
Bella VistaB2-50%2BR,2BA$694
Brentwood ApartmentsOne Bedroom1BR,1BA$695
The Monark ApartmentsA1 - 1x11BR,1BA$720
Jackson Square1X11BR,1BA$729
The Luke Apartments1 bedroom 1 bath1BR,1BA$730
Peppertree1X11BR,1BA$739
Texan Ranch ApartmentsBunkhousesStudio,1BA$747

Best Value Apartments for Rent in Downtown McAllen, TX

As of April 28, 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 2X1.5 Model at Danubia starting at $869 with a $0.76 price per square foot in the Northgate Crossing 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
Danubia2X1.52BR,1.5BA$0.76
4408 N 24th Ln, Unit # 34408 N 24th Ln2BR,2BA$0.83
Bella Vista2BR-8112BR,2BA$0.83
1800 W Bronze St, Unit #11800 W Bronze St2BR,2BA$0.88
Summit ApartmentsA2BR,2BA$0.87
715 S Dfw Dr, Unit #2715 S Dfw Dr2BR,2BA$0.84
724 S O'Hare Dr, Unit A724 S O'Hare Dr2BR,2BA$0.88
4307 W La Guardia Ln, Unit 14307 W La Guardia Ln2BR,2BA$0.76
Alta Vista Apartments1 Bedroom1BR,1BA$0.89

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 371 Apartments for Rent in Downtown McAllen, TX with pricing that ranges from $316 to $2,405. There are also 314 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown McAllen ranging from $690 to $5,500.

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 $690 to $5,500 with an average monthly rent of $1,860.

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 $895 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,249 and Four Bedroom Apartments start at $1,400.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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.