Cheap Homes for Rent in Murphy, TX from $500 (15 Rentals)

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Search the lowest-cost Homes available for rent right now in Murphy.

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.

property at 111 Waterford Dr

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050

Total Monthly Price
$2,050

3 Bedroom, 2 Bath Home for Rent

Available Now

111 Waterford Dr

WylieTX75098
property at 1514 Lonesome Dove Trail

$2,080

Total Monthly Price

Total Monthly Price

Base Rent
$2,080

Total Monthly Price
$2,080

3 Bedroom, 2 Bath Rentals

Available Now

property at 1517 Rockshire Dr

$2,089

Total Monthly Price

Total Monthly Price

Base Rent
$1,977
Required Monthly Fees
$112

Total Monthly Price
$2,089

3 Bedroom, 2 Bath Rentals

Available Now

1517 Rockshire Dr

PlanoTX75074

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.

property at 206 Trenton Dr

$2,200

4 Bedroom, 2 Bath Home for Rent

Available Now

206 Trenton Dr

WylieTX75098

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

From the Bishop Arts District to Uptown, get the real story on Dallas living from a 35-year local. Explore neighborhoods, must-try food spots, and life in the Big D.

Murphy, TX Local Guide

Cheapest Available Murphy Apartments for Rent and Nearby

 

The cheapest available apartment rental in Murphy, TX is a 1 Bed unit found at The Adriane in the Creekside Estates neighborhood priced from $1,018. Parmore Plano in the Royal Oaks neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,057. Here is today’s list of the most affordable Murphy apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The AdrianeA11BR,1BA$1,018
Parmore PlanoA11BR,1BA$1,057
Woodbridge VillasA21BR,1BA$1,063
Berkshire PreserveA11BR,1BA$1,069
BRIO at FirewheelTucker IStudio,1BA$1,085

Best Value Apartments for Rent in Murphy, TX and Nearby

As of February 17, 2026 the best value apartment in the Murphy area is the $1.45 price per square foot ANSI Model at Bachon Townhomes in the in the Woodbridge East neighborhood starting from $1,878. The second greatest value Murphy apartment is the C1 Model at Creekside South starting at $2,049 with a $1.64 price per square foot in the Creekside Estates neighborhood. Here is today’s list of the best values for Murphy apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bachon TownhomesANSI3BR,2BA$1.45
Creekside SouthC13BR,2BA$1.64
Windsor Place Townhomes2A2BR,2BA$1.31
Shiloh ParkLubbock2BR,2BA$1.65
Canopy at WylieModel A2BR,1BA$1.59
Clearwater CreekA5 - RENEW2BR,1BA$1.51
Woodlands of PlanoB12BR,1BA$1.58
Linden Ranch1 Bed, 1 Bath1BR,1BA$1.63
The AdrianeA11BR,1BA$1.35
Berkshire PreserveA1 11BR,1BA$1.64

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark

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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
Murphy, TX

Ranked #225

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Murphy

What type of rentals are currently available in Murphy?

There are currently 49 Apartments for Rent in Murphy, TX with pricing that ranges from $970 to $13,044. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Murphy ranging from $599 to $7,000.

What is the current price range for Rental Homes in Murphy?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Murphy ranges from $599 to $7,000 with an average monthly rent of $2,700.

How much are larger Three and Four Bedroom Rentals in Murphy?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Murphy range from $1,195 to $3,935, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,050 to $3,400. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,509.

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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Dallas, TX

Written by: Tiffany Clark

Dallas is a vibrant, dynamic city that offers no shortage of opportunities and a high quality of living for young professionals, families, and retirees.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Written by: Tiffany Clark

According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

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The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers

Written by: Tiffany Clark

Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

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An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

Written by: Tiffany Clark

My ancestors on both sides were some of the earliest Texas settlers, and I have that big Texas pride that we Texans are famous for. While I've lived in other places, Texas always has been and always will be home.

Articles, How-To's, and Tips

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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.

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.