Cheap Apartments for Rent in Midland, TX from $500 (108 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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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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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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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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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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Midland, TX Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Midland, TX

Pricing Updated: 05/21/2026

Current apartment rentals in the Midland, TX area range in price from $573 to $3,349 with an overall median price of $2,105. The three Midland neighborhoods with the lowest median rent pricing are North Boulevard at $800, Kingsway at $800, and Highland Park 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
North Boulevard$1,641$80046
Kingsway$1,663$80082
Highland Park$1,769$80058
Gardens$1,799$800117
University Park$1,799$80058
Claydesta Plaza$1,839$800121
Fannin Terrace$1,849$800189
Lilly Heights$1,850$800236
Wadley Heights$1,971$800192
Dellwood$1,981$800205

Cheapest Available Midland Apartments for Rent

 

The cheapest available apartment rental in Midland, TX is a 1 Bed unit found at Palladium Museum Place in the Gardens neighborhood priced from $559. Mosaic in the Wadley Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Midland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Palladium Museum PlaceA11BR,1BA$559
MosaicEfficiency 390Sqft1BR,1BA$800
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
Silver Creek Apartments1/11BR,1BA$835
ReNew Andrews I & IIAldean Rent Control VLI1BR,1BA$879
ReNew AndrewsAldean Rent Control VLI1BR,1BA$879
Whispering Oaks 1904 N. Midland2 Bedrooms, 1 full, 860 sqft2BR,1BA$899
Merritt MonumentThe PermianStudio,1BA$899
Cypress PointeSmall 1 Bedroom1BR,1BA$925
ReNew Scotsdale1 Bed 1 Bath A1BR,1BA$929

Best Value Apartments for Rent in Midland, TX

As of May 21, 2026 the best value apartment in the Midland area is the $0.90 price per square foot 2 Bedroom 2 Bathroom Model at Regency Apartments in the in the Wadley Heights neighborhood starting from $1,800. The second greatest value Midland apartment is the Lantana Model at Advenir at The Meadows starting at $1,451 with a $1.16 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$0.90
Advenir at The MeadowsLantana2BR,2BA$1.16
601 George Ave2 Bedroom2BR,2BA$1.08
ReNew Highland Park2 Bed 1.5 Bath Washer Dryer2BR,1.5BA$1.31
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
3007 W Louisiana Ave2 Beds, 1 Baths2BR,1BA$1.14
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
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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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 #94

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 Palladium Museum Place which is listed at $559, while the average apartment in Midland costs $2,105.

    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 724 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 $236 which is $1,869 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 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.

    decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

    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.