Cheap Apartments for Rent in the Fannin Terrace Neighborhood of Midland, TX from $500 (22 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fannin Terrace area of Midland.

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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Windgate
Studio to 2 Bedroom Apartments

Windgate

2900 W Illinois AveMidland, TX 79701

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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Hawthorne House
1 to 2 Bedroom Apartments

Hawthorne House

2811 W Loop 250 NMidland, TX 79705
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Zara Apartments
1 Bedroom Apartments

Zara Apartments

4303 Lockheed AveMidland, TX 79703

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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Fannin Terrace, Midland, TX Local Guide

Cheapest Available Fannin Terrace Apartments for Rent

 

The cheapest available apartment rental in the Fannin Terrace area of Midland, TX is a 1 Bed unit found at Mosaic priced from $800. Pinehurst Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Fannin Terrace apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
MosaicEfficiency 390Sqft1BR,1BA$800
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
Silver Creek Apartments1/11BR,1BA$835
Hawthorne HouseA1 - 1 Bedroom 1 Bath1BR,1BA$870
The Ranch At MidlandB1BR,1BA$883

Best Value Apartments for Rent in Fannin Terrace, TX

As of January 07, 2026 the best value apartment in the Fannin Terrace 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 Fannin Terrace apartment is the B2B Model at Sundance Creek starting at $1,699 with a $1.45 price per square foot in the Wadley Heights neighborhood. Here is today’s list of the best values for Fannin Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Regency Apartments2 Bedroom 2 Bathroom2BR,2BA$0.90
Sundance CreekB2B2BR,2BA$1.45
The MidkiffB12BR,2BA$0.91
Hawthorne HouseB1 - 2 Bedroom 2 Bath2BR,2BA$1.25
Cedar Elm ApartmentsTownhome2BR,1.5BA$1.17
ReNew Hyde ParkHill2BR,1.5BA$1.44
Midland Village Apartments1BR/1BA1BR,1BA$1.42
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
Silver Creek Apartments1/11BR,1BA$1.19
Trinity Place1x11BR,1BA$1.41

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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States, including Midland. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, family-friendly amenities, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Fannin Terrace Apartments

What is a cheap apartment in Fannin Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fannin Terrace is under $995.

What is the price of a cheap apartment in Fannin Terrace?

The cheapest apartment in Fannin Terrace is Mosaic which is listed at $800, while the average apartment in Fannin Terrace costs $1,725.

What types of apartments are the cheapest in Fannin Terrace?

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 4 regular apartments in Fannin Terrace 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 Fannin Terrace?

Cheap apartments in Fannin Terrace have an average cost of $136 which is $1,589 cheaper than the average rent for all rentals in Fannin Terrace.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!