Cheap Homes for Rent in McAllen, TX from $500 (297 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 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, Unit 307

1804 Oasis Dr
MissionTX78572

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 1219 W Carmen Ave

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

2 Bedroom, 2 Bath Condo for Rent

Available Now

1219 W Carmen Ave, Unit 1, Unit 1

1219 W Carmen Ave
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 7 N 38th St

$800

2 Bedroom, 1 Bath Townhome for Rent

Available Now

7 N 38th St

McAllenTX78501
property at 1029 French Ave

$845

Total Monthly Price

Total Monthly Price

Base Rent
$845
Total Monthly Price
$845

2 Bedroom, 2 Bath Condo for Rent

Available Now

1029 French Ave

EdinburgTX78541
property at 1513 Orlando St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 2 Bath Condo for Rent

Available Now

1513 Orlando St

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 1308 N McColl Rd

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

1308 N McColl Rd

EdinburgTX78541

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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Showing Results 1-50, Page 1 of 6

McAllen, TX Local Guide

Cheapest Neighborhoods for Apartments in McAllen, TX

Pricing Updated: 05/16/2026

Current apartment rentals in the McAllen, TX area range in price from $316 to $2,800 with an overall median price of $1,496. The three McAllen neighborhoods with the lowest median rent pricing are Doffing at $550, La Homa at $550, and West Sharyland at $650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for McAllen Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Doffing$850$5508
La Homa$1,100$55018
West Sharyland$1,100$65031
Los Lagos$1,162$356227
Las Placitas$1,178$39911
Sharyland Plantation$1,178$39911
Airport District$1,250$399175
East McAllen$1,250$356381
Donna Weslaco Mercedes$1,250$383204
Abram Perezville$1,350$57511

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 West Sharyland neighborhood priced from $356. La Palmilla in the Los Lagos neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $356. 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 Palmilla1BD1BR,1BA$356
La Stella Independent Senior LivingA31BR,2BA$380
501 Jasmine VillasThree Bedroom One Bath3BR,1BA$460
Avanti at Emerald Point ApartmentsC43BR,2BA$516
Heritage Square1A1BR,1BA$630
El Jardin Apartments1 Bed, 1 bath1BR,1BA$650
Edinburg Place Apartments1 Bedroom Large1BR,1BA$675
Bella VistaB2-50%2BR,2BA$694
Brentwood ApartmentsOne Bedroom1BR,1BA$695

Best Value Apartments for Rent in McAllen, TX

As of May 16, 2026 the best value apartment in the McAllen area is the $0.76 price per square foot 2500 N J St Model at 2500 N J St, Unit 1 in the in the East McAllen neighborhood starting from $990. 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.
2500 N J St, Unit 12500 N J St2BR,2.5BA$0.76
1814 E Iowa RdTownhouse Style Apartment2BR,2.5BA$0.75
Danubia2X2.52BR,2.5BA$0.77
201 S 5th St, Unit 07201 S 5th St2BR,2.5BA$0.76
800 W Bronze Dr, Unit 2800 W Bronze Dr2BR,2BA$0.74
3307 Magdalena St, Unit 83307 Magdalena St3BR,2BA$0.77
Las Violetas Town Home Apartmentstownhome1BR,1BA$0.77
La Palmilla1BD1BR,1BA$0.50
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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Frequently Asked Questions about McAllen

What type of rentals are currently available in McAllen?

There are currently 1095 Apartments for Rent in McAllen, TX with pricing that ranges from $316 to $2,800. There are also 642 Single Family Homes for rent, Condos, and Townhome rentals currently available in McAllen ranging from $525 to $6,500.

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 $525 to $6,500 with an average monthly rent of $1,991.

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 $504 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $4,250. Four Bedroom Single-Family rentals are also available starting from $1,200 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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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.