Cheap Apartments for Rent in the Downtown McKinney Neighborhood of McKinney, TX from $800 (41 Rentals)

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

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Oaklyn
Rent Specials
$1,037 - $1,612
Total Monthly Price

Total Monthly Price

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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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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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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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McKinney Terrace
Rent Specials
$1,174 - $2,277
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$1,174 - $2,277
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1 to 3 Bedroom Apartments Available Now

McKinney Terrace

1703 Rockhill RdMcKinney, 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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Stonegate Apartments
Rent Specials
$1,212 - $1,549
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$1,212 - $1,549
Total Monthly Price
$1,212 - $1,549
1 to 2 Bedroom Apartments Available Now

Stonegate Apartments

2521 Wolford StMcKinney, TX 75071
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Merano Apartments
Rent Specials
$1,285 - $2,225
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$1,285 - $2,225
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1 to 2 Bedroom Apartments Available Now

Merano Apartments

1570 Heritage DrMcKinney, 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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property at 605 Wilcox St

$1,800 - $2,225

3 To 4 Bedroom Rentals

Available Now

605 Wilcox St

McKinneyTX75069

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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property at 128 Honeysuckle St

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

4 Bedroom, 2 Bath Home for Rent

Available Now

128 Honeysuckle St

PrincetonTX75407
Showing Results 1-41, Page 1 of 1

Downtown McKinney, McKinney, TX Local Guide

Cheapest Available Downtown McKinney Apartments for Rent

 

The cheapest available apartment rental in the Downtown McKinney area of McKinney, TX is a 1 Bed unit found at Ashton Oaks Apartments priced from $965. Magnolia Ranch has the second lowest priced unit, which is a 1 Bed apartment currently listed from $984. Here are the most affordable Downtown McKinney apartments for rent in McKinney, TX:

Apartment ListingModel NameBed/BathPriced From
Ashton Oaks ApartmentsBirch1BR,1BA$965
Magnolia RanchA1 Essential1BR,1BA$984
OaklynA11BR,1BA$1,037
The Gables of McKinney1A1BR,1BA$1,044
WoodlynA11BR,1BA$1,067
Davis at the SquareE1Studio,1BA$1,070
Brixton McKinney ApartmentsA21BR,1BA$1,073
Lakes of EldoradoVista1BR,1BA$1,073
Kinwood ApartmentsOne Bedroom1BR,1BA$1,100
Mason Apartment HomesAmethyst1BR,1BA$1,105

Best Value Apartments for Rent in Downtown McKinney, TX

As of July 08, 2026 the best value apartment in the Downtown McKinney area is the $1.49 price per square foot C1R Model at Larkin Apartment Homes in the in the Timber Creek neighborhood starting from $1,600. The second greatest value Downtown McKinney apartment is the B1-MKT Model at Treymore at McKinney starting at $1,421 with a $1.38 price per square foot in the Timber Creek neighborhood. Here is today’s list of the best values for Downtown McKinney apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Larkin Apartment HomesC1R3BR,2BA$1.49
Treymore at McKinneyB1-MKT2BR,2BA$1.38
Skyway Villas2x12BR,1BA$1.23
Stonegate ApartmentsB22BR,2BA$1.64
El Lago2 Bed 1 Bth 1006sf (926 Net)2BR,1BA$1.56
Mill Stream Apartments1 x 11BR,1BA$1.60
Ashton Oaks ApartmentsBirch1BR,1BA$1.36
WoodlynA11BR,1BA$1.51
Kinwood ApartmentsOne Bedroom1BR,1BA$1.60
Brixton McKinney ApartmentsA21BR,1BA$1.67

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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Pet Friendly Lifestyle
Downtown Mckinney, Mckinney, TX

Ranked #13

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown McKinney Apartments

What is a cheap apartment in Downtown McKinney?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown McKinney is under $1,105.

What is the price of a cheap apartment in Downtown McKinney?

The cheapest apartment in Downtown McKinney is Ashton Oaks Apartments which is listed at $965, while the average apartment in Downtown McKinney costs $22,999.

What types of apartments are the cheapest in Downtown 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 69 regular apartments in Downtown 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 Downtown McKinney?

Cheap apartments in Downtown McKinney have an average cost of $446 which is $22,553 cheaper than the average rent for all rentals in Downtown 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.

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.