
Cheap Homes for Rent in Fannin Terrace Neighborhood of Midland, TX from $1,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Fannin Terrace area of Midland.


3111 Storey Ave

3000 W Illinois Ave

3007 W Louisiana Ave, Unit 13

3219 STOREY Ave
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.

710 Storey Ave, Unit 710a Storey Ave, Unit 710a Storey Ave

1104 N Carrizo St

3316 Caldera Blvd

4306 Gleneagles Dr, Unit A

4405 Crockett Ave
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.
Fannin Terrace, Midland, TX Local Guide

How much does it cost to rent a home in Fannin Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fannin Terrace 2 Bedroom Homes for Rent | $1,459 | $1,099 | $2,000 |
| Fannin Terrace 3 Bedroom Homes for Rent | $2,408 | $1,800 | $3,000 |
| Fannin Terrace 4 Bedroom Homes for Rent | $2,833 | $2,500 | $3,100 |
| Fannin Terrace 7 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Fannin Terrace Neighborhood of Midland, TX.
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Fannin Terrace, Midland, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Whispering Oaks 1904 N. Midland | 1 Bedroom, 1 full, 708 sqft | 1BR,1BA | $795 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $800 |
| Silver Creek Apartments | 1/1 | 1BR,1BA | $835 |
Best Value Apartments for Rent in Fannin Terrace, TX
As of April 19, 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 BC-B1 Model at Brighton Court starting at $1,894 with a $1.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Regency Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.90 |
| Brighton Court | BC-B1 | 2BR,2BA | $1.30 |
| 601 George Ave | 2 Bedroom | 2BR,2BA | $1.08 |
| The Midkiff | B1W/DConn | 2BR,2BA | $1.27 |
| ReNew at Polo Parkway | Onyx | 2BR,2BA | $1.25 |
| Cedar Elm Apartments | Townhome | 2BR,1.5BA | $1.17 |
| Mosaic | 2Bed 2Bath_1020Sqft | 2BR,2BA | $1.15 |
| Pinehurst Apartments | One Bedroom - One Bathroom | 1BR,1BA | $1.01 |
| Whispering Oaks 1904 N. Midland | 1 Bedroom, 1 full, 708 sqft | 1BR,1BA | $1.12 |
| Silver Creek Apartments | 1/1 | 1BR,1BA | $1.19 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick 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.
Pet Friendly LifestyleFannin Terrace, Midland, TX
Ranked #20
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Fannin Terrace, Midland, TX
School data provided by Great Schools
Frequently Asked Questions about Fannin Terrace
What type of rentals are currently available in Fannin Terrace?
There are currently 71 Apartments for Rent in Fannin Terrace, TX with pricing that ranges from $800 to $3,126. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fannin Terrace ranging from $1,099 to $6,500.
What is the current price range for Rental Homes in Fannin Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fannin Terrace ranges from $1,099 to $6,500 with an average monthly rent of $2,905.
How much are larger Three and Four Bedroom Rentals in Fannin Terrace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fannin Terrace range from $1,365 to $3,126, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $1,699.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.