Cheap Apartments for Rent in Odessa, TX from $500 (27 Rentals)

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

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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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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Marquee West
Studio to 3 Bedroom Apartments

Marquee West

1111 W 13th StOdessa, TX 79763
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The Palms II
Studio to 2 Bedroom Apartments

The Palms II

613 Express WayOdessa, TX 79761
Corporate Housing
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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
  • Utilities Included

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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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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Golden Crest
1 to 3 Bedroom Apartments

Golden Crest

3939 Tanglewood LnOdessa, TX 79762

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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High Plains
1 to 2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
Showing Results 1-27, Page 1 of 1

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. Woodview 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
Westwood SquareOne Bedroom Apartment Home1BR,1BA$799
Woodview1 Bedroom Apartment Home1BR,1BA$850
Sunset1 Bedroom Apartment Home1BR,1BA$875
Golden Crest1x11BR,1BA$875
Olivo Square Apartments1 BED | 1 BATH1BR,1BA$895
Westwinds Village1/1, 519 sq ft1BR,1BA$895
High PlainsA11BR,1BA$899
The Paddocks ApartmentsA1 U1BR,1BA$900
Brady Station ApartmentsThe BlairStudio,1BA$915

Best Value Apartments for Rent in Odessa, TX

As of January 11, 2026 the best value apartment in the Odessa area is the $1.31 price per square foot Condo Model at Summertree in the starting from $1,635. 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.
SummertreeCondo2BR,2.5BA$1.31
Country Crest TownhomesTwo Bedroom Townhome2BR,1.5BA$1.30
Madison Square2 Bedroom Apartment Home2BR,2BA$1.55
Brookview2 Bedroom Apartment Home2BR,2BA$1.38
Hemingway House ApartmentsC2BR,2BA$1.59
Fairgreen1x11BR,1BA$1.29
Cru1Bed 1Bath1BR,1BA$1.28
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.10
Magnolia LivingA1-50%1BR,1BA$1.37
High PlainsA21BR,1BA$1.56

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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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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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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Quick 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.

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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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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 Brady Station Apartments listed at $915.

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 $1,099 at Brookview.

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 $1,500.

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

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!