
Cheap Apartments for Rent in the Downtown McKinney Neighborhood of McKinney, TX from $600 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown McKinney area of McKinney.


Ashton Oaks Apartments

The Rustic of McKinney

Brixton McKinney Apartments

Magnolia Ranch

1701 at Eldorado

Total Monthly Price
Woodlyn

Total Monthly Price
Oaklyn
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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.

Larkin Apartment Homes

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The Gables of McKinney

Total Monthly Price
Stonegate Apartments

Kinwood Apartments

Mason Apartment Homes

Lakes of Eldorado

El Lago

Heritage McKinney Square
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.

Tuscany at Wilson Creek

Mill Stream Apartments

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McKinney Terrace

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Merano Apartments

Country Lane Seniors McKinney

The Dalton

The Patios of McKinney

SkywayVillas
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.

Elevate at Skyline Townhomes

1311 N Morris St, Unit 1311 N Morris

Regency Park Residences

2650 S McDonald St, Unit 3205

605 Wilcox St

2650 S McDonald St, Unit 1307

2650 S McDonald St, Unit 4321

2650 S McDonald St, Unit 4101
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.

2650 S McDonald St, Unit 3208

601 Drexel Street Units 1-8 (McKinney 15)

Davis at the Square

Arbors Off The Square

703 N Tennessee St

122 Lemongrass Dr

136 Honeysuckle St

122 Lemongrass Dr
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.

128 Honeysuckle St
Downtown McKinney, McKinney, TX Local Guide

How much does it cost to rent an apartment in Downtown McKinney?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown McKinney Studio Apartments | $1,365 | $1,195 | $1,775 |
| Downtown McKinney 1 Bedroom Apartments | $1,333 | $915 | $2,160 |
| Downtown McKinney 2 Bedroom Apartments | $1,663 | $1,197 | $3,250 |
| Downtown McKinney 3 Bedroom Apartments | $1,752 | $1,465 | $2,345 |
| Downtown McKinney 4 Bedroom Apartments | $20,438 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Downtown McKinney Neighborhood of McKinney, TX.
See all Apartments in McKinneyExplore McKinney
Downtown McKinney, McKinney, TX Local Guide
- Nearby McKinney neighborhoods
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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 Newsome Homes priced from $640. 601 Drexel Street Units 1-8 (McKinney 15) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown McKinney apartments for rent in McKinney, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Newsome Homes | A1 | 1BR,1BA | $640 |
| 601 Drexel Street Units 1-8 (McKinney 15) | 1/1 | 1BR,1BA | $800 |
| Ashton Oaks Apartments | Ash | 1BR,1BA | $915 |
| Brixton McKinney Apartments | A2 | 1BR,1BA | $1,024 |
| Woodlyn | A1 | 1BR,1BA | $1,067 |
| Davis at the Square | E1 | Studio,1BA | $1,070 |
| Oaklyn | A1 | 1BR,1BA | $1,077 |
| The Gables of McKinney | 1A | 1BR,1BA | $1,095 |
| Stonegate Apartments | A1 | 1BR,1BA | $1,097 |
| Kinwood Apartments | One Bedroom | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Downtown McKinney, TX
As of May 24, 2026 the best value apartment in the Downtown McKinney area is the $1.56 price per square foot 2x1 Model at SkywayVillas in the in the Timber Creek neighborhood starting from $1,496. The second greatest value Downtown McKinney apartment is the TC 2X2 Model at Tuscany at Wilson Creek starting at $1,416 with a $1.55 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| SkywayVillas | 2x1 | 2BR,1BA | $1.56 |
| Tuscany at Wilson Creek | TC 2X2 | 2BR,2BA | $1.55 |
| Country Lane Seniors McKinney | A | 1BR,1BA | $1.69 |
| Mill Stream Apartments | 1 x 1 | 1BR,1BA | $1.60 |
| Woodlyn | A1 | 1BR,1BA | $1.51 |
| Kinwood Apartments | One Bedroom | 1BR,1BA | $1.60 |
| Stonegate Apartments | A1 | 1BR,1BA | $1.60 |
| Newsome Homes | A1 | 1BR,1BA | $0.97 |
| Brixton McKinney Apartments | A2 | 1BR,1BA | $1.59 |
| 601 Drexel Street Units 1-8 (McKinney 15) | 1/1 | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleDowntown Mckinney, Mckinney, TX
Ranked #11
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $1,100.
What is the price of a cheap apartment in Downtown McKinney?
The cheapest apartment in Downtown McKinney is Newsome Homes which is listed at $640, while the average apartment in Downtown McKinney costs $20,438.
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 299 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 $767 which is $19,671 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

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.

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.

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.

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.