Cheap Apartments for Rent in Merit, TX from $400 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in Merit.

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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FarmHouse121
Rent Specials
$1,200 - $2,121
Total Monthly Price

Total Monthly Price

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$1,200 - $2,121
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Studio to 2 Bedroom Apartments Available Now

FarmHouse121

3320 Sam Rayburn HwyMelissa, TX 75454
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  • 3D Tour

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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Prose Stoneridge
Rent Specials
$1,225 - $2,076
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $2,076
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1 to 2 Bedroom Apartments Available Now

Prose Stoneridge

2911 Central ExpyMelissa, TX 75454
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  • Smoke Free
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Southgate Apartments
Rent Specials
$1,230 - $1,834
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $1,834
Total Monthly Price
$1,230 - $1,834
1 to 3 Bedroom Apartments Available Now

Southgate Apartments

200 Cole StPrinceton, TX 75407
Affordability
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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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Casitas at Elevon
Rent Specials
$1,443 - $2,029
Total Monthly Price

Total Monthly Price

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$1,443 - $2,029
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1 to 3 Bedroom Apartments Available Now

Casitas at Elevon

445 Elevon PkyLavon, TX 75166
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Yardly Elevon
$1,451 - $1,833
Total Monthly Price

Total Monthly Price

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$1,451 - $1,833
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Yardly Elevon

200 Villas DrLavon, TX 75166
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Gala at Melissa
1 to 2 Bedroom Apartments

Gala at Melissa

2730 E Melissa RdMelissa, TX 75454
Senior Living
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380 Villas
Studio to 3 Bedroom Apartments

380 Villas

808 Throckmorton StMcKinney, TX 75069
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Stone Ridge Apartments
Studio to 2 Bedroom Apartments

Stone Ridge Apartments

6002 Stonewall StGreenville, TX 75402
  • Utilities Included

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.

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The Ridge Apartments
Studio to 2 Bedroom Apartments

The Ridge Apartments

5015 Joe Ramsey BlvdGreenville, TX 75401
  • Utilities Included
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Buffalo Run
1 to 2 Bedroom Apartments

Buffalo Run

520 2nd St SPrinceton, TX 75407
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Whitewing Flats
1 to 3 Bedroom Apartments

Whitewing Flats

600 W Monte Carlo BlvdPrinceton, TX 75407
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Buffalo Ridge
1 to 2 Bedroom Apartments

Buffalo Ridge

133 S 4th StPrinceton, TX 75407
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Avilla Springs
1 to 3 Bedroom Apartments

Avilla Springs

3200 Sam Rayburn HwyMelissa, TX 75454

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Merit, TX Local Guide

Cheapest Available Merit Apartments for Rent and Nearby

 

The cheapest available apartment rental in Merit, TX is a 1 Bed unit found at Provision at Melissa in the Villages of Melissa neighborhood priced from $554. Greenville Court in the Ardis Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $811. Here is today’s list of the most affordable Merit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Provision at MelissaA1-301BR,1BA$554
Greenville CourtStandard1BR,1BA$811
Gardens at GreenvilleOne Bedroom1BR,1BA$895
Villas Of Greenville 55+ Community1 Bedroom, 1 Bath (60%)1BR,1BA$1,025
The StarlingA2P1BR,1BA$1,032
Grand at AnnaA11BR,1BA$1,073
Majors PlaceThe Anderson1BR,1BA$1,080
Ascend At ElevonA11BR,1BA$1,088
Eight 99 at HazelwoodOne Bedroom - Brazos1BR,1BA$1,095
Deer Run Apartments1.11BR,1BA$1,095

Best Value Apartments for Rent in Merit, TX and Nearby

As of April 30, 2026 the best value apartment in the Merit 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 Merit apartment is the TH1 Model at Townhomes at Princeton Meadows starting at $1,875 with a $1.15 price per square foot in the Forest Grove neighborhood. Here is today’s list of the best values for Merit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Townhomes at MonticelloRandolph3BR,2.5BA$1.02
Townhomes at Princeton MeadowsTH13BR,2.5BA$1.15
Ranchview TownhomesC2TH 3x2 Townhome3BR,2.5BA$1.24
Whitewing Flats2A2BR,2BA$1.22
Solarium2 Bedroom 2 Bathroom - B1U2BR,2BA$1.33
Deer Run Apartments1.11BR,1BA$1.29
Buffalo Run2 Bedroom 1 Bath2BR,1BA$1.38
Villas Of Greenville 55+ Community1 Bedroom, 1 Bath (60%)1BR,1BA$1.37
The StarlingA2P1BR,1BA$1.41
Gardens at GreenvilleTwo Bedrooms2BR,1BA$1.39

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Merit, TX Rentals by Map

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Frequently Asked Questions about Cheap Merit Apartments

How much is rent for a Cheap One Bedroom Merit Apartment?

The lowest price for a Cheap One Bedroom Merit Apartment is $554 at Provision at Melissa.

What is the lowest price for a Cheap Two Bedroom Merit Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Merit is starting from $939 at Greenville Court.

What is the most affordable Merit Three Bedroom Apartment?

The best deal on a cheap Merit Three Bedroom Apartment rental is at Ranchview Townhomes and starts from $1,453.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.