
Cheap Homes for Rent in McPherson, KS from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in McPherson.


1523 E 4th Ave

1501 Prairie St

1410 Forrest St

702 E Ave A
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.

718 N Poplar St

629 Duffy Rd

306 E 7th Ave

812 W 11th Ave

711 E 6th Ave
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.

304 E 8th Ave

20 E 15th Ave

109 1/2 E 6th St

425 SW 3rd St

615 W 7th Ave
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.

514 Eshelman St

908 E 17th Ave
McPherson, KS Local Guide

How much does it cost to rent a home in McPherson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| McPherson 2 Bedroom Homes for Rent | $886 | $675 | $1,400 |
| McPherson 3 Bedroom Homes for Rent | $1,200 | $750 | $1,495 |
| McPherson 4 Bedroom Homes for Rent | $1,175 | $1,075 | $1,275 |
| McPherson 5 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in McPherson
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McPherson, KS Local Guide
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Cheapest Available McPherson Apartments for Rent and Nearby
 The cheapest available apartment rental in McPherson, KS is a 1 Bed unit found at Indian Guide Terrace priced from $250. Amidon Place Apartments in the West Wichita neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable McPherson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indian Guide Terrace | 1 BR | 1BR,1BA | $250 |
| Amidon Place Apartments | 0BR/1.0BA | Studio,1BA | $525 |
| Skyview Apartments | 1b 1b | 1BR,1BA | $625 |
| Valley View Apartments | Studio R | Studio,1BA | $625 |
| Renata View Apartments | 1BR (renovated) | 1BR,1BA | $720 |
Best Value Apartments for Rent in McPherson, KS and Nearby
As of June 12, 2026 the best value apartment in the McPherson area is the $1.16 price per square foot 2 Bedroom / 2 Bathroom Units Model at Twin Lakes in the in the West Wichita neighborhood starting from $1,450. The second greatest value McPherson apartment is the 2 Bedroom Market (non-restricted) Model at Sunnydale Pointe Apartments starting at $1,112 with a $1.06 price per square foot in the West Wichita neighborhood. Here is today’s list of the best values for McPherson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Twin Lakes | 2 Bedroom / 2 Bathroom Units | 2BR,2BA | $1.16 |
| Sunnydale Pointe Apartments | 2 Bedroom Market (non-restricted) | 2BR,2BA | $1.06 |
| Broadstone Villas | 2BR/2BA - Income Restricted | 2BR,2BA | $0.85 |
| Marina Point Apartments | Two Bedroom | 2BR,1.5BA | $0.88 |
| Crown Chase | 2 BED 2 BATH | 2BR,2BA | $1.17 |
| The Reserves at Prairie Glen | Two Bedroom Two Bath | 2BR,2BA | $1.07 |
| Berkshire Apartments and Townhomes | Savannah | 2BR,1BA | $1.09 |
| YORKTOWN ESTATES | Open living space + spacious master *WAITLIST* | 1BR,1BA | $1.03 |
| Renata View Apartments | 2BR (renovated) | 2BR,1BA | $1.17 |
| Indian Guide Terrace | 1 BR | 1BR,1BA | $0.43 |
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.
Best Local Schools in Mcpherson, KS
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mcpherson, KS Rentals by Map
See the most popular apartments and homes in Mcpherson, KS
Frequently Asked Questions about McPherson
What type of rentals are currently available in McPherson?
There are currently 48 Apartments for Rent in McPherson, KS with pricing that ranges from $525 to $1,842. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in McPherson ranging from $550 to $2,100.
What is the current price range for Rental Homes in McPherson?
Today's rental pricing for Homes for Rent, Condos and Townhomes in McPherson ranges from $550 to $2,100 with an average monthly rent of $1,205.
How much are larger Three and Four Bedroom Rentals in McPherson?
For those who are looking for larger living arrangements, Three Bedroom Apartments in McPherson range from $703 to $1,842, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,495. Four Bedroom Single-Family rentals are also available starting from $1,075 and Four Bedroom Apartments start at $1,302.
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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.