Cheap Apartments for Rent in the Permian Estates Neighborhood of Midland, TX from $500 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Permian Estates 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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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
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Avalon Springs
1 to 2 Bedroom Apartments

Avalon Springs

4000 W Illinois AveMidland, TX 79703
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Zara Apartments
1 Bedroom Apartments

Zara Apartments

4303 Lockheed AveMidland, 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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Avanti Townhomes
1 to 3 Bedroom Apartments

Avanti Townhomes

2301 Cotton Flat RdMidland, TX 79701
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Le Mirage
1 to 3 Bedroom Apartments

Le Mirage

5001 W Wadley AveMidland, TX 79707

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 1-40, Page 1 of 1

Permian Estates, Midland, TX Local Guide

Cheapest Available Permian Estates Apartments for Rent

 

The cheapest available apartment rental in the Permian Estates area of Midland, TX is a 1 Bed unit found at Whispering Oaks 1904 N. Midland priced from $795. ReNew Scotsdale has the second lowest priced unit, which is a Studio apartment currently listed from $839. Here are the most affordable Permian Estates apartments for rent in Midland, TX:

Apartment ListingModel NameBed/BathPriced From
Whispering Oaks 1904 N. Midland1 Bedroom, 1 full, 708 sqft1BR,1BA$795
ReNew ScotsdaleStudioStudio,1BA$839
ReNew Andrews I & II1 BR x 1 BA - C - Income-Restricted (50)1BR,1BA$919
ReNew Andrews1 BR x 1 BA - C - Income-Restricted (50)1BR,1BA$919
Alturas Andrews1 BR x 1 BA1BR,1BA$939
The Ranch At MidlandA1BR,1BA$947
Avalon Springs1x1 A1BR,1BA$950
Mosaic1Bed 1Bath_778Sqft1BR,1BA$1,025
ReNew Sinclair1 Bed 1 Bath Washer Dryer A1BR,1BA$1,044
ReNew Midland1 BR x 1 BA - B - Income-Restricted (50)1BR,1BA$1,050

Best Value Apartments for Rent in Permian Estates, TX

As of July 22, 2026 the best value apartment in the Permian Estates area is the $1.54 price per square foot B3 Model at Monaco in the in the Scotsdale neighborhood starting from $1,958. The second greatest value Permian Estates apartment is the E-B1 Model at Enclave starting at $1,857 with a $1.55 price per square foot in the Wadley Heights neighborhood. Here is today’s list of the best values for Permian Estates apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MonacoB32BR,2BA$1.54
EnclaveE-B12BR,2BA$1.55
The MidkiffB12BR,2BA$1.20
Ventura at TradewindsTwo Bedroom (B1)2BR,2BA$1.32
Cypress PointeMedium 2 Bedroom2BR,2BA$1.50
Whispering Oaks 1904 N. Midland2 Bedrooms, 2 full, 951 sqft2BR,2BA$1.26
Avanti Townhomes2 Bedroom 2 Bath2BR,2BA$1.51
Delmar VillasDV-A11BR,1BA$1.56
Mosaic1Bed 1Bath_778Sqft1BR,1BA$1.32
Westridge Senior ApartmentsA11BR,1BA$1.52

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
Permian Estates, Midland, TX

Ranked #30

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Permian Estates, Midland, and the greater Midland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Permian Estates Apartments

What is the price of a cheap apartment in Permian Estates?

The cheapest apartment in Permian Estates is Whispering Oaks 1904 N. Midland which is listed at $795, while the average apartment in Permian Estates costs $1,749.

What types of apartments are the cheapest in Permian Estates?

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 6 regular apartments in Permian Estates that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.