Cheap Apartments for Rent in Odessa, TX from $400 (88 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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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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Dorado Ranch
Rent Specials
$1,403 - $2,693
Total Monthly Price

Total Monthly Price

Base Rent
$1,403 - $2,693
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Dorado Ranch

3601 Faudree RdOdessa, TX 79765
Luxury
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  • Customer Reviewed
  • 3D Tour

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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property at 907 W 26th St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

907 W 26th St

OdessaTX79763
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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

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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Showing Results 1-50, Page 1 of 2

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 Vera in Odessa priced from $744. 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
Vera in OdessaA11BR,1BA$744
Westwood SquareA11BR,1BA$800
Alturas Eleventh1 BR x 1 BA1BR,1BA$809
Arbor OaksAO-33BR,2BA$824
Westwinds Village1/1, 519 sq ft1BR,1BA$875
Olivo Square Apartments1 BED | 1 BATH1BR,1BA$895
Trestles CondominiumsOne Bedroom1BR,1BA$900
Sandpiper ApartmentsOne Bedroom1BR,1BA$900
SunsetA11BR,1BA$928
Madison SquareA11BR,1BA$932

Best Value Apartments for Rent in Odessa, TX

As of July 11, 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
Arbor OaksAO-22BR,2BA$1.07
Cru2Bed 2Bath2BR,2BA$1.38
Fairgreen2x12BR,1.5BA$1.34
Arbor Terrace TownhomesB2BR,2BA$1.17
Sedona Springs1-mk1BR,1BA$1.40
Westwood SquareA11BR,1BA$1.10
Pebblebend ApartmentsB1BR,1BA$1.51
Golden Crest1x11BR,1BA$1.54

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 The Penwell listed at $1,250.

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

The lowest price for a Cheap One Bedroom Odessa Apartment is $744 at Vera in Odessa.

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 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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.