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

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Search the lowest-cost Apartments available for rent right now in the Hyde Park 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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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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property at 3000 W Illinois Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Townhome for Rent

Available Jun 1

3000 W Illinois Ave

MidlandTX79701

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

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 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
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Zara Apartments
1 Bedroom Apartments

Zara Apartments

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

Wildflower

4301 Raleigh CtMidland, TX 79707
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The Bradford
1 to 2 Bedroom Apartments

The Bradford

4715 W Wadley AveMidland, TX 79707
Corporate Housing

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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Showing Results 1-50, Page 1 of 2

Hyde Park, Midland, TX Local Guide

Cheapest Available Hyde Park Apartments for Rent

 

The cheapest available apartment rental in the Hyde Park area of Midland, TX is a 1 Bed unit found at Mosaic priced from $800. Silver Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Hyde Park apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
MosaicEfficiency 390Sqft1BR,1BA$800
Silver Creek Apartments1/11BR,1BA$835
ReNew Andrews I & IIAldean Rent Control VLI1BR,1BA$879
ReNew AndrewsAldean Rent Control VLI1BR,1BA$879
Alturas Andrews1 BR x 1 BA1BR,1BA$889
Whispering Oaks 1904 N. Midland2 Bedrooms, 1 full, 860 sqft2BR,1BA$899
Aviare Place ApartmentsA1 - 1 bedroom 1 bath1BR,1BA$910
Cypress PointeSmall 1 Bedroom1BR,1BA$925
Stone Creek Apartment HomesSummit1BR,1BA$945
Santa Fe Apartments1 Bedroom w/o W/D connections1BR,1BA$950

Best Value Apartments for Rent in Hyde Park, TX

As of May 27, 2026 the best value apartment in the Hyde Park area is the $1.37 price per square foot E-B3 Model at Enclave in the in the Wadley Heights neighborhood starting from $1,867. The second greatest value Hyde Park apartment is the Lantana Model at Advenir at The Meadows starting at $1,430 with a $1.14 price per square foot in the Wadley Heights neighborhood. Here is today’s list of the best values for Hyde Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
EnclaveE-B32BR,2BA$1.37
Advenir at The MeadowsLantana2BR,2BA$1.14
Las ColinasDouble Townhome2BR,1.5BA$1.34
The MidkiffB12BR,2BA$1.20
Whispering Oaks 1904 N. Midland2 Bedrooms, 2 full, 951 sqft2BR,2BA$1.26
3007 W Louisiana Ave2 Beds, 1 Baths2BR,1BA$1.17
Midland Village Apartments1BR/1BA1BR,1BA$1.51
Silver Creek Apartments1/11BR,1BA$1.19
Trinity Place1x11BR,1BA$1.51
Santa Fe Apartments1 Bedroom with W/D connections1BR,1BA$1.43

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

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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
Hyde Park, Midland, TX

Ranked #10

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
Hyde Park, Midland, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States, including Midland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Hyde Park Apartments

What is the price of a cheap apartment in Hyde Park?

The cheapest apartment in Hyde Park is Mosaic which is listed at $800, while the average apartment in Hyde Park costs $2,113.

What types of apartments are the cheapest in Hyde Park?

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 20 regular apartments in Hyde Park 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 Hyde Park?

Cheap apartments in Hyde Park have an average cost of $170 which is $1,943 cheaper than the average rent for all rentals in Hyde Park.

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.

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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.

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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.