Cheap Apartments for Rent in Odessa, TX from $500 (55 Rentals)

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

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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The Palms II
Studio to 1 Bedroom Apartments

The Palms II

613 Express WayOdessa, TX 79761
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Sierra Ridge
1 to 2 Bedroom Apartments

Sierra Ridge

1322 E 7th StOdessa, TX 79761
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The Grove Apartments
1 to 3 Bedroom Apartments

The Grove Apartments

401 Lasseter AveOdessa, TX 79763
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Kona Kai Apartments
1 to 2 Bedroom Apartments

Kona Kai Apartments

1315 W 24th StOdessa, TX 79763
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Springwood
1 to 2 Bedroom Apartments

Springwood

1201 Harless AveOdessa, TX 79763
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Sierra Blanca
1 Bedroom Apartments

Sierra Blanca

1001 W 19th StOdessa, TX 79763
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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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Alturas Eleventh
1 to 2 Bedroom Apartments

Alturas Eleventh

2828 E 11th StOdessa, TX 79761
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Marquee West
1 to 2 Bedroom Apartments

Marquee West

1111 W 13th StOdessa, TX 79763
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Wyndchase
1 Bedroom Apartments

Wyndchase

4100 E 50th StOdessa, TX 79762
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Stanley Heights
1 to 2 Bedroom Apartments

Stanley Heights

2413 Idlewood LnOdessa, TX 79761
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Cielo Vista Townhomes
Studio to 2 Bedroom Apartments

Cielo Vista Townhomes

2320 E 21st StOdessa, TX 79761
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Tanglewood Terrace
1 to 2 Bedroom Apartments

Tanglewood Terrace

4010 Tanglewood LnOdessa, TX 79762
Showing Results 1-50, Page 1 of 2

Odessa, TX Local Guide

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Local Guide Expert

Cheapest Available Odessa Apartments for Rent

 

The cheapest available apartment rental in Odessa, TX is a 1 Bed unit found at Magnolia Living - 62 and Over priced from $506. Cimarron Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Odessa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$506
Cimarron Place ApartmentsA1BR,1BA$850
Trestles CondominiumsOne Bedroom1BR,1BA$850
Alturas EleventhRise1BR,1BA$875
Westwinds Village1/1, 519 sq ft1BR,1BA$895
The Paddocks ApartmentsA1 U1BR,1BA$900
Westwood SquareOne Bedroom Apartment Home1BR,1BA$924
Sunset1 Bedroom Apartment Home1BR,1BA$945
University GardensA11BR,1BA$945
Sandpiper ApartmentsOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in Odessa, TX

As of July 10, 2025 the best value apartment in the Odessa area is the $1.37 price per square foot 2x2 Model at Cru Apartments in the starting from $1,420. The second greatest value Odessa apartment is the 2 Bedroom Apartment Home Model at Brookview starting at $1,229 with a $1.37 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.
Cru Apartments2x22BR,2BA$1.37
Brookview2 Bedroom Apartment Home2BR,1.5BA$1.37
Faudree Ranch ApartmentsPrairie1BR,1BA$1.66
Fairgreen1x11BR,1BA$1.49
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.27
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$0.71
The Woodlands Apartment HomesEdwards-Classic1BR,1BA$1.61
Pebblebend ApartmentsB1BR,1BA$1.62
Madison Square1 Bedroom Apartment Home1BR,1BA$1.60
Cimarron Place ApartmentsA1BR,1BA$1.47

Quick Rent Budget Calculator

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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.

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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Getting Around Odessa, TX

Walk Score®

31 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Odessa Apartments

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

The lowest price for a Cheap One Bedroom Odessa Apartment is $506 at Magnolia Living - 62 and Over.

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 $1,160 at Alara.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.