Cheap Apartments for Rent in McKinney, TX from $400 (283 Rentals)

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Search the lowest-cost Apartments available for rent right now in McKinney.

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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Oaklyn
Rent Specials
$1,037 - $1,612
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$1,037 - $1,612
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1 to 2 Bedroom Apartments Available Now

Oaklyn

1600 Heritage DrMcKinney, TX 75069
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The Gables of McKinney
Rent Specials
$1,044 - $2,677
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$1,044 - $2,677
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1 to 2 Bedroom Apartments Available Now

The Gables of McKinney

1500 W Eldorado PkyMcKinney, TX 75069
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Woodlyn
Rent Specials
$1,067 - $1,482
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$1,067 - $1,482
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1 to 2 Bedroom Apartments Available Now

Woodlyn

123 Wilson Creek BlvdMcKinney, TX 75069
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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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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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Collin Square
Rent Specials
$1,154 - $2,730
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$1,154 - $2,730
Total Monthly Price
$1,154 - $2,730
Studio to 3 Bedroom Apartments Available Now

Collin Square

3751 North Central ExpyMcKinney, TX 75071
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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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McKinney Terrace
Rent Specials
$1,199 - $2,262
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$1,199 - $2,262
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1 to 3 Bedroom Apartments Available Now

McKinney Terrace

1703 Rockhill RdMcKinney, TX 75069
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Luxia Craig Ranch
Rent Specials
$1,235 - $4,320
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$1,235 - $4,320
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1 to 3 Bedroom Apartments Available Now

Luxia Craig Ranch

7830 Van Tuyl PkyMcKinney, TX 75070
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Stonegate Apartments
Rent Specials
$1,237 - $1,531
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$1,237 - $1,531
Total Monthly Price
$1,237 - $1,531
1 to 2 Bedroom Apartments Available Now

Stonegate Apartments

2521 Wolford StMcKinney, TX 75071
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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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McKinney, TX Local Guide

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Cheapest Neighborhoods for Apartments in McKinney, TX

Pricing Updated: 07/05/2026

Current apartment rentals in the McKinney, TX area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for McKinney Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown McKinney$1,521$940533
Frisco$19,194$8504389
Anna Melissa$24,351$9091107

Cheapest Available McKinney Apartments for Rent

 

The cheapest available apartment rental in McKinney, TX is a 1 Bed unit found at Merritt McGowan Manor Homes in the Timber Creek neighborhood priced from $598. Newsome Homes in the Timber Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $640. Here is today’s list of the most affordable McKinney apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Merritt McGowan Manor HomesA11BR,1BA$598
Newsome HomesA11BR,1BA$640
Provision at MelissaA1-501BR,1BA$720
Redbud Trail ApartmentsA11BR,1BA$947
Magnolia RanchA1 Essential1BR,1BA$984
Trails at CreeksideA21BR,1BA$985
Orion Prosper ApartmentsHalo1BR,1BA$993
Watterscape Urban ResidentialE11BR,1BA$999
Springs At MckinneyStudio Grand OverlookStudio,1BA$1,005
Ashton Oaks ApartmentsBirch1BR,1BA$1,015

Best Value Apartments for Rent in McKinney, TX

As of July 05, 2026 the best value apartment in the McKinney area is the $1.28 price per square foot Hillside Model at The Retreat at Honey Creek in the in the Allen McKinney neighborhood starting from $2,599. The second greatest value McKinney apartment is the Jefferson Model at The Townhomes at Monticello starting at $2,500 with a $1.27 price per square foot in the Forest Grove neighborhood. Here is today’s list of the best values for McKinney apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Retreat at Honey CreekHillside4BR,2.5BA$1.28
The Townhomes at MonticelloJefferson3BR,3.5BA$1.27
The Residences at Harrison ParkHamilton4BR,2.5BA$1.31
Townhomes at Princeton MeadowsB12BR,2.5BA$1.13
Whitewing Flats3A3BR,2BA$1.13
The Atlantic McKinney RanchC2A3BR,2BA$1.26
Treymore at McKinneyB3-MKT2BR,2BA$1.37
SkywayVillas2x12BR,1BA$1.23
West Ridge Villas1 Bedroom - MKT1BR,1BA$1.25
Merritt McGowan Manor HomesA11BR,1BA$0.80

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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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark

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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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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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McKinney Overview

In 2014 Money Magazine named McKinney, Texas the #1 place to live in the America. Located just north of Dallas, McKinney is one of the fastest growing cities in the nation. With growth comes opportunities of which there is no shortage. McKinney combines historical downtown Texas with a forward-thinking mindset that includes booming business and educational opportunities.

Why live in McKinney, TX?

Although McKinney is located outside of Dallas, the city has a charm all it's own that distinguishes it as one of Texas' best cities. McKinney offers the perfect blend of nature, history, economic growth, and plenty of real estate across the entire city. If you're into city pride, then you'll find a broad range of activities, festivals, and annual events that bring everybody out to celebrate. Some of the most popular annual events include Arts in Bloom Art Festival, Oktoberfest, Scare on the Square during Halloween, and Bike the Bricks annual bicycle race.

Best Local Schools in
Mckinney, TX

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Remember the 3 Rules of Real Estate:
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Explore Mckinney, TX Rentals by Map

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Frequently Asked Questions about Cheap McKinney Apartments

What is a cheap apartment in McKinney?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in McKinney is under $1,015.

What is the price of a cheap apartment in McKinney?

The cheapest apartment in McKinney is Merritt McGowan Manor Homes which is listed at $598, while the average apartment in McKinney costs $15,022.

What types of apartments are the cheapest in McKinney?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 358 regular apartments in McKinney that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in McKinney?

Cheap apartments in McKinney have an average cost of $273 which is $14,749 cheaper than the average rent for all rentals in McKinney.

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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Dallas, TX

Written by: Tiffany Clark

Dallas is a vibrant, dynamic city that offers no shortage of opportunities and a high quality of living for young professionals, families, and retirees.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

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According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

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The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers

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Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

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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

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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

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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

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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.