Cheap Apartments for Rent in McKinney, TX from $400 (205 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
$1,077 - $1,612
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$1,077 - $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
$1,095 - $2,585
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$1,095 - $2,585
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The Gables of McKinney

1500 W Eldorado PkyMcKinney, TX 75069
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Stonegate Apartments
Rent Specials
$1,097 - $1,381
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$1,097 - $1,381
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$1,097 - $1,381
1 to 2 Bedroom Apartments Available Now

Stonegate Apartments

2521 Wolford StMcKinney, TX 75071
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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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Woodlyn
Rent Specials
$1,127 - $1,532
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$1,127 - $1,532
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Woodlyn

123 Wilson Creek BlvdMcKinney, TX 75069
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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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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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Collin Square
Rent Specials
$1,205 - $2,600
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$1,205 - $2,600
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$1,205 - $2,600
Studio to 3 Bedroom Apartments Available Now

Collin Square

3751 North Central ExpyMcKinney, TX 75071
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Beyond Big D: The Ultimate Renter's Guide to 5 Key Cities in the DFW Area

Your complete guide to renting in the DFW suburbs. Learn about 5 cities near Dallas—from the affordability of Duncanville to the upscale living of Southlake—to choose where to call home.

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McKinney, TX Local Guide

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Cheapest Neighborhoods for Apartments in McKinney, TX

Pricing Updated: 05/20/2026

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$16,754$925579
Frisco$22,701$9084449

Cheapest Available McKinney Apartments for Rent

 

The cheapest available apartment rental in McKinney, TX is a 1 Bed unit found at Newsome Homes in the Timber Creek neighborhood priced from $640. 601 Drexel Street Units 1-8 (McKinney 15) in the Timber Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable McKinney apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Newsome HomesA11BR,1BA$640
601 Drexel Street Units 1-8 (McKinney 15)1/11BR,1BA$800
Redbud Trail ApartmentsA21BR,1BA$947
Provision at MelissaA1-501BR,1BA$994
Magnolia RanchA11BR,1BA$999
Ashton Oaks ApartmentsAsh1BR,1BA$1,015
Buffalo Run2 Bedroom 1 Bath2BR,1BA$1,019
Ranch At RidgeviewBungalow1BR,1BA$1,030
Saxon WoodsA11BR,1BA$1,033
Soho ParkwayAloe1BR,1BA$1,050

Best Value Apartments for Rent in McKinney, TX

As of May 21, 2026 the best value apartment in the McKinney area is the $1.02 price per square foot Randolph Model at The Townhomes at Monticello in the in the Forest Grove neighborhood starting from $1,995. The second greatest value McKinney apartment is the Hamilton Model at The Residences at Harrison Park starting at $2,395 with a $1.26 price per square foot in the Villages of Melissa 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 Townhomes at MonticelloRandolph3BR,2.5BA$1.02
The Residences at Harrison ParkHamilton4BR,2.5BA$1.26
Townhomes at Princeton MeadowsTH13BR,2.5BA$1.16
Whitewing Flats2A2BR,2BA$1.18
MAA Times SquareBrooklyn1BR,1BA$1.28
The Atlantic McKinney RanchA1A1BR,1BA$1.30
West Ridge Villas1 Bedroom - MKT1BR,1BA$1.25
Buffalo Run2 Bedroom 1 Bath2BR,1BA$1.27
Newsome HomesA11BR,1BA$0.97
601 Drexel Street Units 1-8 (McKinney 15)1/11BR,1BA$1.35

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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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.

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Mckinney, TX

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Remember the 3 Rules of Real Estate:
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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 $1,050.

What is the price of a cheap apartment in McKinney?

The cheapest apartment in McKinney is Newsome Homes which is listed at $640, while the average apartment in McKinney costs $19,727.

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 483 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 $558 which is $19,169 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

Written by: Tiffany Clark

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

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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.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.