Cheap Apartments for Rent in the Fannin Terrace Neighborhood of Midland, TX from $500 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fannin Terrace area of 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
Cost Per Sq.Ft.
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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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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
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Hawthorne House
1 to 2 Bedroom Apartments

Hawthorne House

2811 W Loop 250 NMidland, TX 79705

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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ReNew Garfield
1 to 3 Bedroom Apartments

ReNew Garfield

4405 N Garfield StMidland, TX 79705
Corporate Housing
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Zara Apartments
1 Bedroom Apartments

Zara Apartments

4303 Lockheed AveMidland, TX 79703
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Wildflower
1 to 2 Bedroom Apartments

Wildflower

4301 Raleigh CtMidland, TX 79707
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Las Colinas
1 to 3 Bedroom Apartments

Las Colinas

3315 Godfrey StMidland, TX 79707

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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Midway Station
1 to 2 Bedroom Apartments

Midway Station

3700 N A StMidland, TX 79705
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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 Whispering Oaks 1904 N. Midland priced from $795. 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
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
Cypress PointeStudioStudio,1BA$910
Hawthorne HouseA1 - 1 Bedroom 1 Bath1BR,1BA$922
ReNew ScotsdaleStudioStudio,1BA$939
ReNew GarfieldWhitmire1BR,1BA$949
ReNew AndrewsShelton Rent Control - 501BR,1BA$959
ReNew Andrews I & IIShelton Rent Control - 501BR,1BA$959
Alturas Andrews1 BR x 1 BA1BR,1BA$959

Best Value Apartments for Rent in Fannin Terrace, TX

As of June 24, 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 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 Fannin Terrace 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 MidkiffB12BR,2BA$1.20
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$1.27
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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Pet Friendly Lifestyle
Fannin Terrace, Midland, TX

Ranked #23

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

What is the Cheapest Studio apartment in Fannin Terrace?

Currently the most affordable Cheap Studio Apartment in Fannin Terrace is at Cypress Pointe listed at $910.

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

The lowest price for a Cheap One Bedroom Fannin Terrace Apartment is $795 at Whispering Oaks 1904 N. Midland.

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 $899 at Whispering Oaks 1904 N. Midland.

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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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.