
Cheap Homes for Rent in Odessa, TX from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Odessa.


9845 S US Highway 385, Unit Unit 3, Unit Unit 3

5916 Austin Ave

311 E 38th St
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.

1907 N Alleghaney Ave

2701-2701 Pagewood Ave

46-2706B Fair Palms Pl

4601 Redbud Ave
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.
Odessa, TX Local Guide

How much does it cost to rent a home in Odessa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Odessa 2 Bedroom Homes for Rent | $1,663 | $1,500 | $1,900 |
| Odessa 3 Bedroom Homes for Rent | $2,210 | $1,725 | $3,400 |
| Odessa 4 Bedroom Homes for Rent | $3,042 | $1,900 | $6,000 |
| Odessa 5 Bedroom Homes for Rent | $8,900 | $2,800 | $10,000+ |
Browse Top Homes for Rent in Odessa
Explore Odessa
Odessa, TX Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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. Sunset has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. 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 |
| Sunset | 1 Bedroom Apartment Home | 1BR,1BA | $799 |
| Arbor Oaks | AO-3 | 3BR,2BA | $824 |
Best Value Apartments for Rent in Odessa, TX
As of May 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 AO-2 Model at Arbor Oaks starting at $1,159 with a $1.07 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 |
| Arbor Oaks | AO-2 | 2BR,2BA | $1.07 |
| Brady Station Apartments | The Engle | 2BR,2BA | $1.43 |
| Arbor Terrace Townhomes | B | 2BR,2BA | $1.17 |
| Fairgreen | 1x1 | 1BR,1BA | $1.39 |
| Cru | 1Bed 1Bath | 1BR,1BA | $1.29 |
| Westwood Square | One Bedroom Apartment Home | 1BR,1BA | $1.10 |
| High Plains | A1 | 1BR,1BA | $1.50 |
| Cimarron Place Apartments | A | 1BR,1BA | $1.54 |
| Sunset | 1 Bedroom Apartment Home | 1BR,1BA | $1.48 |
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 ArticleReal 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.
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, TXPopulation: 120,568
Ranked #236
in US Census Population by City
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 Odessa
What type of rentals are currently available in Odessa?
There are currently 116 Apartments for Rent in Odessa, TX with pricing that ranges from $536 to $2,850. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Odessa ranging from $725 to $15,000.
What is the current price range for Rental Homes in Odessa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Odessa ranges from $725 to $15,000 with an average monthly rent of $2,980.
How much are larger Three and Four Bedroom Rentals in Odessa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Odessa range from $824 to $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,725 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $1,750.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.