Cheap Apartments for Rent in the Fannin Terrace Neighborhood of Midland, TX from $500 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fannin Terrace area of 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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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
Cost Per Sq.Ft.
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Advenir at The Meadows
Rent Specials
$1,080 - $1,770
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,770
Total Monthly Price
$1,080 - $1,770
1 to 2 Bedroom Apartments Available Now

Advenir at The Meadows

5101 N A StMidland, TX 79705
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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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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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Windgate
Studio to 2 Bedroom Apartments

Windgate

2900 W Illinois AveMidland, TX 79701
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ReNew Andrews
1 to 2 Bedroom Apartments

ReNew Andrews

4400 Andrews HwyMidland, TX 79703

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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Wildflower
1 to 2 Bedroom Apartments

Wildflower

4301 Raleigh CtMidland, TX 79707
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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

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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Showing Results 1-50, Page 1 of 2

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 Pinehurst Apartments priced from $800. ReNew Scotsdale has the second lowest priced unit, which is a Studio apartment currently listed from $839. Here are the most affordable Fannin Terrace apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$800
ReNew ScotsdaleStudioStudio,1BA$839
Alturas Andrews1 BR x 1 BA1BR,1BA$889
Cypress PointeStudioStudio,1BA$899
Northridge Court1x11BR,1BA$925
ReNew Andrews I & II1 BR x 1 BA - C - Income-Restricted (50)1BR,1BA$929
ReNew Andrews1 BR x 1 BA - C - Income-Restricted (50)1BR,1BA$929
Aviare Place ApartmentsA1 - 1 bedroom 1 bath1BR,1BA$936
ReNew GarfieldWhitmire1BR,1BA$949
WildflowerA11BR,1BA$950

Best Value Apartments for Rent in Fannin Terrace, TX

As of August 19, 2026 the best value apartment in the Fannin Terrace 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 Fannin Terrace 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 Fannin Terrace 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
ReNew at Polo ParkwayGin2BR,1BA$1.53
Pinehurst ApartmentsOne Bedroom - One Bathroom1BR,1BA$1.01
ReNew Highland Park1 Bed 1 Bath A1BR,1BA$1.49
Hawthorne HouseA1 - 1 Bedroom 1 Bath1BR,1BA$1.31

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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Pet Friendly Lifestyle
Fannin Terrace, Midland, TX

Ranked #20

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Fannin Terrace, Midland, TX

School data provided by Great Schools

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

How much is rent for a Cheap One Bedroom Fannin Terrace Apartment?

The lowest price for a Cheap One Bedroom Fannin Terrace Apartment is $800 at Pinehurst Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Fannin Terrace is starting from $950 at Pinehurst Apartments.

What is the most affordable Fannin Terrace Three Bedroom Apartment?

The best deal on a cheap Fannin Terrace Three Bedroom Apartment rental is at 601 George Ave and starts from $1,500.

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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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.

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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.

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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.

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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.