
Cheap Apartments for Rent in Odessa, TX from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Odessa.


Magnolia Living

909 W 21st St

Quail Run

Westwood Square

1600 W Clements St
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.

Total Monthly Price
Trestles Condominiums

Total Monthly Price
Brady Station Apartments

Sunset

The Paddocks Apartments

Woodview

Marquee West
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.

The Palms II

Sierra Ridge

Ponderosa Pines Apartment

Eighty-Seventh Apartments

The Grove Apartments

Appleridge Apartments
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.

Kona Kai Apartments

Springwood

Sierra Blanca

Briarwood Village Apartments

Ashford Odessa Square

Alturas Eleventh
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.

Park Plaza Town Homes & Corporate Apartments

6909 Boss Ranch Rd
Odessa, TX Local Guide

How much does it cost to rent an apartment in Odessa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Odessa Studio Apartments | $1,283 | $595 | $1,799 |
| Cheap Odessa 1 Bedroom Apartments | $1,198 | $536 | $1,800 |
| Cheap Odessa 2 Bedroom Apartments | $1,497 | $667 | $2,244 |
| Cheap Odessa 3 Bedroom Apartments | $1,711 | $1,026 | $2,300 |
| Cheap Odessa 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Top Apartments in Odessa
See all Apartments in OdessaExplore Odessa
Odessa, TX Local Guide

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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. Brady Station Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $868. Here is today’s list of the most affordable Odessa apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westwood Square | One Bedroom Apartment Home | 1BR,1BA | $799 |
| Brady Station Apartments | The Barcroft | 1BR,1BA | $868 |
| Alturas Eleventh | Rise | 1BR,1BA | $879 |
| Sunset | 1 Bedroom Apartment Home | 1BR,1BA | $895 |
| Woodview | 1 Bedroom Apartment Home | 1BR,1BA | $900 |
| The Paddocks Apartments | A1 U | 1BR,1BA | $900 |
| Alturas Penbrook | Rise | 1BR,1BA | $905 |
| Westwinds Village | 1/1, 519 sq ft | 1BR,1BA | $925 |
| Madison Square | 1 Bedroom Apartment Home | 1BR,1BA | $925 |
| Cru | 1Bed 1Bath | 1BR,1BA | $949 |
Best Value Apartments for Rent in Odessa, TX
As of February 25, 2026 the best value apartment in the Odessa area is the $1.30 price per square foot Two Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,460. The second greatest value Odessa apartment is the E Model at Cimarron Place Apartments starting at $1,620 with a $1.47 price per square foot . Here is today’s list of the best values for Odessa apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Country Crest Townhomes | Two Bedroom Townhome | 2BR,1.5BA | $1.30 |
| Cimarron Place Apartments | E | 2BR,2.5BA | $1.47 |
| High Plains | B2 | 2BR,2BA | $1.40 |
| Brookview | 2 Bedroom Apartment Home | 2BR,2BA | $1.43 |
| Regency Square Apartments | 1 Bedroom Flat | 1BR,1BA | $1.43 |
| Fairgreen | 1x1 | 1BR,1BA | $1.34 |
| Cru | 1Bed 1Bath | 1BR,1BA | $1.28 |
| Westwood Square | One Bedroom Apartment Home | 1BR,1BA | $1.10 |
| Hemingway House Apartments | A | 1BR,1BA | $1.56 |
| Madison Square | 1 Bedroom Apartment Home | 1BR,1BA | $1.60 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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
Elementary Magnet At Reagan Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Odessa, TX Rentals by Map
See the most popular apartments and homes in Odessa, TX
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 $1,174.
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 $999 at Sunset.
What is the most affordable Odessa Three Bedroom Apartment?
The best deal on a cheap Odessa Three Bedroom Apartment rental is at Village Place and starts from $1,500.
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

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.

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.

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.

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.