Cheap Apartments for Rent in Odessa, TX from $562 (92 Rentals)

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

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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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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Dorado Ranch
$1,441 - $2,711
Total Monthly Price

Total Monthly Price

Base Rent
$1,441 - $2,711
Total Monthly Price
$1,441 - $2,711
1 to 2 Bedroom Apartments Available Now

Dorado Ranch

3601 Faudree RdOdessa, TX 79765
Luxury
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Sage Brush
1 to 3 Bedroom Apartments

Sage Brush

3250 W 8th StOdessa, TX 79763
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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

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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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 priced from $562. Westwood Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Odessa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Magnolia LivingA1-30%1BR,1BA$562
Westwood SquareA11BR,1BA$800
East 12th Townhomes and1 BR / 1 BA 2nd Floor Modern1BR,1BA$800
Arbor OaksAO-33BR,2BA$824
Alturas Penbrook1 BR x 1 BA1BR,1BA$859
Alturas Eleventh1 BR x 1 BA1BR,1BA$869
Westwinds Village1/1, 519 sq ft1BR,1BA$875
Cimarron Place ApartmentsA1BR,1BA$890
Trestles CondominiumsOne Bedroom1BR,1BA$900
Sandpiper ApartmentsOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Odessa, TX

As of August 25, 2026 the best value apartment in the Odessa area is the $1.23 price per square foot sv3-60 Model at Sage Brush in the starting from $1,381. The second greatest value Odessa apartment is the Two Bedroom Townhome Model at Country Crest Townhomes starting at $1,460 with a $1.30 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.
Sage Brushsv3-603BR,2BA$1.23
Country Crest TownhomesTwo Bedroom Townhome2BR,1.5BA$1.30
Sedona Springs3-603BR,2BA$1.27
Arbor OaksAO-22BR,2BA$1.07
Arbor Terrace TownhomesA2BR,1.5BA$1.17
Hemingway House ApartmentsC2BR,2BA$1.40
Fairgreen1x11BR,1BA$1.45
Cru1Bed 1Bath1BR,1BA$1.29
Westwood SquareA11BR,1BA$1.10
East 12th Townhomes and1 BR / 1 BA 2nd Floor Modern1BR,1BA$1.33

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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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 $1,171.

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

The lowest price for a Cheap One Bedroom Odessa Apartment is $562 at Magnolia Living.

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 $959 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 Arbor Oaks and starts from $824.

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.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.