Cheap Homes for Rent in McAllen, TX from $400 (391 Rentals)

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Search the lowest-cost Homes available for rent right now in 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 2901 TX-107

$699

2 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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property at 1804 Oasis Dr

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725
Total Monthly Price
$725

2 Bedroom, 1 Bath Condo for Rent

Available Now

1804 Oasis Dr, Unit 307

1804 Oasis Dr
MissionTX78572
property at 1409 W Prosperity Dr

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 2 Bath Condo for Rent

Available Now

1409 W Prosperity Dr, Unit 4

1409 W Prosperity Dr
EdinburgTX78541

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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property at 1408 W Prosperity Dr

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

2 Bedroom, 2 Bath Condo for Rent

Available Now

1408 W Prosperity Dr, Unit D

1408 W Prosperity Dr
EdinburgTX78541

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 1600 Oblate Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

4 Bedroom, 2 Bath Home for Rent

Available Now

1600 Oblate Ave

MissionTX78572

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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Showing Results 1-50, Page 1 of 8

McAllen, TX Local Guide

Cheapest Neighborhoods for Apartments in McAllen, TX

Pricing Updated: 07/04/2026

Current apartment rentals in the McAllen, TX area range in price from $316 to $2,800 with an overall median price of $1,529. The three McAllen neighborhoods with the lowest median rent pricing are West Sharyland at $356, La Homa at $550, and Las Placitas at $415. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for McAllen Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
West Sharyland$955$35637
La Homa$1,050$55016
Las Placitas$1,100$41518
Sharyland Plantation$1,100$41518
East McAllen$1,200$380388
Donna Weslaco Mercedes$1,225$401212
Airport District$1,250$415161
Los Lagos$1,300$380221
Abram Perezville$1,329$57522
Palmview South$1,329$57540

Cheapest Available McAllen Apartments for Rent

 

The cheapest available apartment rental in McAllen, TX is a 1 Bed unit found at La Villa De Alton in the Alton neighborhood priced from $356. La Stella Independent Senior Living in the Los Lagos neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $380. Here is today’s list of the most affordable McAllen apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Villa De AltonA11BR,1BA$356
La Stella Independent Senior LivingA31BR,2BA$380
501 Jasmine VillasThree Bedroom One Bath3BR,1BA$486
Jackson Place Apartment HomesA31BR,1BA$499
1608 Norma Ln2 Beds, 1 Baths2BR,1BA$600
Heritage Square1A1BR,1BA$630
Edinburg Place Apartments1 Bedroom Sm1BR,1BA$650
Avalon Garden Homes1 Beds, 1 Baths1BR,1BA$650

Best Value Apartments for Rent in McAllen, TX

As of July 04, 2026 the best value apartment in the McAllen area is the $0.44 price per square foot 1121 W Cano St Model at 1121 W Cano St, Unit Apt#1 in the in the Los Lagos neighborhood starting from $620. The second greatest value McAllen apartment is the Townhouse Style Apartment Model at 1814 E Iowa Rd starting at $900 with a $0.75 price per square foot in the Los Lagos neighborhood. Here is today’s list of the best values for McAllen apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1121 W Cano St, Unit Apt#11121 W Cano St3BR,3BA$0.44
1814 E Iowa RdTownhouse Style Apartment2BR,2.5BA$0.75
3307 Magdalena St, Unit 83307 Magdalena St3BR,2BA$0.81
704 W Bahamas, Unit 2704 W Bahamas2BR,2BA$0.81
3103 E Diamondhead Ave, Unit 3103 Diamondhead3103 E Diamondhead Ave2BR,2BA$0.80
Las Violetas Town Home Apartmentstownhome1BR,1BA$0.77
1608 Norma Ln2 Beds, 1 Baths2BR,1BA$0.75
Jackson Place Apartment HomesA11BR,1BA$0.67
La Villa De AltonA11BR,1BA$0.50
La Stella Independent Senior LivingA31BR,2BA$0.58

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mcallen, TX Rentals by Map

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See the most popular apartments and homes in Mcallen, TX

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Frequently Asked Questions about McAllen

What type of rentals are currently available in McAllen?

There are currently 1154 Apartments for Rent in McAllen, TX with pricing that ranges from $316 to $2,800. There are also 670 Single Family Homes for rent, Condos, and Townhome rentals currently available in McAllen ranging from $440 to $7,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in McAllen ranges from $440 to $7,000 with an average monthly rent of $1,926.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in McAllen range from $516 to $2,225, while Three Bedroom Homes, Condos, and Townhomes for rent range from $440 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $2,340.

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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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.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.