Cheap Apartments for Rent in Odessa, TX from $500 (39 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 Palms II
Studio to 1 Bedroom Apartments

The Palms II

613 Express WayOdessa, TX 79761
  • Utilities Included

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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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
  • Utilities Included

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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Marquee West
1 to 2 Bedroom Apartments

Marquee West

1111 W 13th StOdessa, TX 79763
  • Utilities Included
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Alturas Eleventh
1 to 2 Bedroom Apartments

Alturas Eleventh

2828 E 11th StOdessa, TX 79761

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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Wyndchase
1 Bedroom Apartments

Wyndchase

4100 E 50th StOdessa, TX 79762
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Idlewood
1 to 2 Bedroom Apartments

Idlewood

2413 Idlewood LnOdessa, TX 79761
Corporate Housing
  • Utilities Included
Showing Results 1-39, Page 1 of 1

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. Trestles Condominiums 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
Trestles CondominiumsOne Bedroom1BR,1BA$850
Ashford Odessa Square1X11BR,1BA$879
Westwinds Village1/1, 519 sq ft1BR,1BA$895
The Paddocks ApartmentsA1 U1BR,1BA$900
Alturas EleventhRise1BR,1BA$915
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 August 04, 2025 the best value apartment in the Odessa area is the $1.48 price per square foot Gleneagles Model at Mission Green in the starting from $1,640. The second greatest value Odessa apartment is the D Model at Cimarron Place Apartments starting at $1,370 with a $1.34 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.
Mission GreenGleneagles2BR,2BA$1.48
Cimarron Place ApartmentsD2BR,2BA$1.34
Cru Apartments1x11BR,1BA$1.36
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.27
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$0.71
Brady Station ApartmentsThe Hamilton1BR,1BA$1.53
Brookview1 Bedroom Apartment Home1BR,1BA$1.60
The Woodlands Apartment HomesEdwards-Classic1BR,1BA$1.61
Ashford Odessa Square2X12BR,1BA$1.51
Madison Square1 Bedroom Apartment Home1BR,1BA$1.60

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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

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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 $1,039 at Ashford Odessa Square.

What is the most affordable Odessa Three Bedroom Apartment?

The best deal on a cheap Odessa Three Bedroom Apartment rental is at Alara and starts from $1,420.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.