Cheap Apartments for Rent in Midland, TX from $500 (111 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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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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Advenir at The Meadows
Rent Specials
$1,030 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,030 - $1,800
Total Monthly Price
$1,030 - $1,800
1 to 2 Bedroom Apartments Available Now

Advenir at The Meadows

5101 N A StMidland, TX 79705
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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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Midland, TX Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Midland, TX

Pricing Updated: 08/19/2026

Current apartment rentals in the Midland, TX area range in price from $565 to $3,349 with an overall median price of $1,406. The three Midland neighborhoods with the lowest median rent pricing are Gardens at $1,249, Lilly Heights at $1,299, and Oxford Heights at $1,299. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Midland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Gardens$1,249$800117
Lilly Heights$1,299$779249
Oxford Heights$1,299$779174
Clearview$1,309$779231
Fannin Terrace$1,309$800200
Wadley Heights$1,309$800200
Skyline Terrace$1,319$779224
Dellwood$1,325$779207
Highland Park$1,325$80053
Hyde Park$1,325$779239

Cheapest Available Midland Apartments for Rent

 

The cheapest available apartment rental in Midland, TX is a 1 Bed unit found at Magnolia Living priced from $562. 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
Magnolia LivingA1-30%1BR,1BA$562
Santa Rita Senior1-401BR,1BA$775
Palladium Museum PlaceC13BR,2BA$794
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
Santa Fe Apartments1 Bedroom w/o W/D connections1BR,1BA$800
ReNew ScotsdaleStudioStudio,1BA$839
Alturas Andrews1 BR x 1 BA1BR,1BA$889
ReNew Andrews I & II1 BR x 1 BA - C - Income-Restricted (50)1BR,1BA$899
Cypress PointeStudioStudio,1BA$899
Avalon Springs1x1 A1BR,1BA$900

Best Value Apartments for Rent in Midland, TX

As of August 19, 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 2 Bedroom Model at 601 George Ave starting at $1,300 with a $1.08 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
601 George Ave2 Bedroom2BR,2BA$1.08
The MidkiffB12BR,2BA$1.20
Cedar Elm ApartmentsTownhome2BR,1.5BA$1.17
Mosaic2Bed 2Bath_1020Sqft2BR,2BA$1.15
3007 W Louisiana Ave2 Beds, 1 Baths2BR,1BA$1.19
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
Hawthorne HouseA1 - 1 Bedroom 1 Bath1BR,1BA$1.31
Santa Rita Senior1-401BR,1BA$1.08
Santa Fe Apartments1 Bedroom with W/D connections1BR,1BA$1.29

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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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 #111

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 $900.

    What is the price of a cheap apartment in Midland?

    The cheapest apartment in Midland is Magnolia Living which is listed at $562, while the average apartment in Midland costs $1,406.

    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 269 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 $291 which is $1,115 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 Rent According to Income: A Look at Income-Restricted Rentals article

    Rent According to Income: A Look at Income-Restricted Rentals

    Written by: Robin Stewart

    The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

    decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

    Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

    Written by: Robin Stewart

    Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

    decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

    First Apartment Regrets: Real Renters Share What They'd Do Differently

    Written by: Robin Stewart

    Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

    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.