Cheap Apartments for Rent in the Downtown McKinney Neighborhood of McKinney, TX from $500 (20 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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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 Studio unit found at 380 Villas priced from $548. The Gables of McKinney has the second lowest priced unit, which is a 1 Bed apartment currently listed from $905. Here are the most affordable Downtown McKinney apartments for rent in McKinney, TX:

Apartment ListingModel NameBed/BathPriced From
380 VillasS1Studio,1BA$548
The Gables of McKinney1A Renovation 21BR,1BA$905
Heritage McKinney SquareE2Studio,1BA$995
Lakes of EldoradoVista1BR,1BA$999
Oaklyn Apartment HomesA11BR,1BA$1,009

Best Value Apartments for Rent in Downtown McKinney, TX

As of November 15, 2025 the best value apartment in the Downtown McKinney area is the $1.24 price per square foot B1 Model at 1701 at Eldorado in the in the McKinney Greens neighborhood starting from $1,351. The second greatest value Downtown McKinney apartment is the B Model at Country Lane Seniors McKinney starting at $1,549 with a $1.49 price per square foot in the McKinney Greens 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.
1701 at EldoradoB12BR,2BA$1.24
Country Lane Seniors McKinneyB2BR,1BA$1.49
The Rustic of McKinney2 Bedroom Shelter Reno2BR,2BA$1.70
Newsome HomesB12BR,1BA$1.60
El Lago1 Bed 1 Bath 920 SqFt (840 Net)1BR,1BA$1.50
Mill Stream ApartmentsOne Bed One Bath1BR,1BA$1.65
McKinney TerraceA11BR,1BA$1.66
Woodlyn Apartment HomesA11BR,1BA$1.54
Stonegate ApartmentsA11BR,1BA$1.66
Larkin Apartment HomesA21BR,1BA$1.66

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Pet Friendly Lifestyle
Downtown Mckinney, Mckinney, TX

Ranked #12

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Downtown McKinney Neighborhood in McKinney, TX

Walk Score®

88 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

63 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,064.

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

The cheapest apartment in Downtown McKinney is 380 Villas which is listed at $581, while the average apartment in Downtown McKinney costs $12,917.

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 103 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 $335 which is $12,582 cheaper than the average rent for all rentals in Downtown McKinney.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.