Cheap Apartments for Rent in Midland, TX from $500 (107 Rentals)

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

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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property at 4424 TX-158

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975
Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

4424 TX-158

MidlandTX79706

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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601 George Ave
$1,000 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,500
Total Monthly Price
$1,000 - $1,500
1 to 3 Bedroom Apartments Available Now

601 George Ave

601 George AveMidland, TX 79705
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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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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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Midland, TX Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Midland, TX

Pricing Updated: 07/05/2026

Current apartment rentals in the Midland, TX area range in price from $565 to $3,419 with an overall median price of $1,918. The three Midland neighborhoods with the lowest median rent pricing are Brownwood Park at $800, Clearview at $800, and Dellwood at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Midland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Brownwood Park$1,749$800162
Clearview$1,749$800240
Dellwood$1,749$800208
Gardens$1,749$800117
Grassland Estates$1,749$800175
Hyde Park$1,749$800254
Lilly Heights$1,749$800252
Oxford Heights$1,749$800190
Permian Estates$1,749$80095
Providence Park$1,749$800243

Cheapest Available Midland Apartments for Rent

 

The cheapest available apartment rental in Midland, TX is a 2 Beds unit found at Palladium Museum Place in the Gardens neighborhood priced from $653. Santa Rita Senior in the Kelview Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Midland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Palladium Museum PlaceB12BR,2BA$653
Santa Rita Senior1-401BR,1BA$775
Whispering Oaks 1904 N. Midland1 Bedroom, 1 full, 708 sqft1BR,1BA$795
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
Silver Creek Apartments1/11BR,1BA$835
Avalon Springs1x1 A1BR,1BA$899
ReNew Andrews I & II1 BR x 1 BA - A - Income-Restricted (50)1BR,1BA$899
ReNew Andrews1 BR x 1 BA - A - Income-Restricted (50)1BR,1BA$899
Santa Fe Apartments1 Bedroom w/o W/D connections1BR,1BA$900
ReNew ScotsdaleStudioStudio,1BA$929

Best Value Apartments for Rent in Midland, TX

As of July 05, 2026 the best value apartment in the Midland area is the $1.10 price per square foot 2 Bedroom 2 Bathroom Model at Regency Apartments in the in the Wadley Heights neighborhood starting from $2,200. The second greatest value Midland apartment is the Large Double Townhome Model at Las Colinas starting at $1,750 with a $1.33 price per square foot in the Wadley Heights neighborhood. Here is today’s list of the best values for Midland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Regency Apartments2 Bedroom 2 Bathroom2BR,2BA$1.10
Las ColinasLarge Double Townhome2BR,2.5BA$1.33
601 George Ave2 Bedroom2BR,2BA$1.08
ReNew Highland Park2 Bed 1.5 Bath Washer Dryer2BR,1.5BA$1.30
The MidkiffB1W/DConn2BR,2BA$1.27
Cedar Elm ApartmentsTownhome2BR,1.5BA$1.17
Whispering Oaks 1904 N. Midland2 Bedrooms, 2 full, 951 sqft2BR,2BA$1.26
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
Hawthorne HouseA1 - 1 Bedroom 1 Bath1BR,1BA$1.30
Silver Creek Apartments1/11BR,1BA$1.19

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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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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Midland Overview

Midland may not be the most scenic town in the U.S. However, it is among the most thriving in Texas. Getting an apartment is thus quite a challenge in this town. The reason is that it is an Oasis of employment, where nearby towns are underperforming. In this town, data shows that real unemployment is zero. Although this town has tried to diversify, its economy is majorly driven by the oil industry.

Why live in Midland, TX?

Midland is one of the most successful cities in the West Texas area. Despite the hard economic times, the city continues to prosper. Additionally, the city has zero unemployment. That means if you are seeking for a job, you are likely to get a good one here. Also, the exceptionally low unemployment makes it a safe place to live.

Pet Friendly Lifestyle
Midland, TX

Ranked #120

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Midland, TX

School data provided by Great Schools

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

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Midland, TX Area Reviews

    Darlin • 3+ years in Midland

    February 25, 2025

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    Frequently Asked Questions about Cheap Midland Apartments

    What is a cheap apartment in Midland?

    A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midland is under $929.

    What is the price of a cheap apartment in Midland?

    The cheapest apartment in Midland is Santa Rita Senior which is listed at $775, while the average apartment in Midland costs $1,918.

    What types of apartments are the cheapest in Midland?

    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 229 regular apartments in Midland 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 Midland?

    Cheap apartments in Midland have an average cost of $260 which is $1,658 cheaper than the average rent for all rentals in Midland.

    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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

    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.