Cheap Apartments for Rent in Odessa, TX from $500 (87 Rentals)

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Search the lowest-cost Apartments available for rent right now in Odessa.

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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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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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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Dorado Ranch
$1,354 - $2,179
Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $2,179
Total Monthly Price
$1,354 - $2,179
1 to 2 Bedroom Apartments Available Now

Dorado Ranch

3601 Faudree RdOdessa, TX 79765
Luxury
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Marquee West
Studio to 3 Bedroom Apartments

Marquee West

1111 W 13th StOdessa, TX 79763
  • Utilities Included
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The Palms II
Studio to 2 Bedroom Apartments

The Palms II

613 Express WayOdessa, TX 79761
Corporate Housing
  • Utilities Included
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Sierra Ridge
1 to 2 Bedroom Apartments

Sierra Ridge

1322 E 7th StOdessa, TX 79761
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Odessa, TX Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Available Odessa Apartments for Rent

 

The cheapest available apartment rental in Odessa, TX is a 1 Bed unit found at Westwood Square priced from $799. Alturas Eleventh has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here is today’s list of the most affordable Odessa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westwood SquareOne Bedroom Apartment Home1BR,1BA$799
Alturas EleventhRise1BR,1BA$829
Brady Station ApartmentsThe Barcroft1BR,1BA$855
Sunset1 Bedroom Apartment Home1BR,1BA$870
Westwinds Village1/1, 519 sq ft1BR,1BA$875
The Paddocks ApartmentsA1 U1BR,1BA$900
Woodview1 Bedroom Apartment Home1BR,1BA$900
Trestles CondominiumsOne Bedroom1BR,1BA$900
Madison Square1 Bedroom Apartment Home1BR,1BA$925
Cru1Bed 1Bath1BR,1BA$949

Best Value Apartments for Rent in Odessa, TX

As of April 12, 2026 the best value apartment in the Odessa area is the $1.28 price per square foot Two Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,430. The second greatest value Odessa apartment is the E Model at Cimarron Place Apartments starting at $1,599 with a $1.45 price per square foot . Here is today’s list of the best values for Odessa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Country Crest TownhomesTwo Bedroom Townhome2BR,1.5BA$1.28
Cimarron Place ApartmentsE2BR,2.5BA$1.45
Cru2Bed 2Bath2BR,2BA$1.37
Fairgreen2x22BR,2BA$1.25
Hemingway House ApartmentsC2BR,2BA$1.32
Regency Square Apartments1 Bedroom Flat1BR,1BA$1.43
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.10
Brookview1 Bedroom Apartment Home1BR,1BA$1.45
The Woodlands Apartment HomesEdwards-Classic1BR,1BA$1.61
Madison Square1 Bedroom Apartment Home1BR,1BA$1.54

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.

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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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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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Odessa Overview

Since the early twentieth century, Odessa has been considered a “boom town” for its access to oil and other natural resources. This has led it to become one of the most bullish job markets in the entire country. The city is growing rapidly and the community comes together throughout the year with fun and free festivals and other activities. This expansion is creating a melting-pot effect as more people begin to flow in from all over the country making it an exciting time to own or rent an apartment in Odessa!

Why live in Odessa, TX?

People search for apartments in Odessa to be a part of one of the fastest-growing small cities in America. Still known as an “energy town” with its sister city to the north, Midland, the boom in this industry has continued to influence record-high job growth, up to 60%. Residents have also seen their incomes increase by almost 100% since 2000. As the rest of the country relies heavily on natural resources, Odessa’s in the prime location within the Permian Basin to continue to be its supplier.

Odessa, TX
Population: 120,568

Ranked #236

in US Census Population by City

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Best Local Schools in
Odessa, TX

School data provided by Great Schools

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

Explore Odessa, TX Rentals by Map

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See the most popular apartments and homes in Odessa, TX

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Frequently Asked Questions about Cheap Odessa Apartments

What is the Cheapest Studio apartment in Odessa?

Currently the most affordable Cheap Studio Apartment in Odessa is at Advenir at Legado Ranch listed at $1,226.

How much is rent for a Cheap One Bedroom Odessa Apartment?

The lowest price for a Cheap One Bedroom Odessa Apartment is $799 at Westwood Square.

What is the lowest price for a Cheap Two Bedroom Odessa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Odessa is starting from $979 at Alturas Penbrook.

What is the most affordable Odessa Three Bedroom Apartment?

The best deal on a cheap Odessa Three Bedroom Apartment rental is at Southgate and starts from $1,524.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.