Cheap Homes for Rent in Pampa, TX from $500 (12 Rentals)

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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.

property at 2718 Duncan Dr

$949 - $974

2 Bedroom Rentals

Available Now

2718 Duncan Dr

AmarilloTX79109

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.

Pampa, TX Local Guide

Cheapest Available Pampa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pampa, TX is a 1 Bed unit found at Schneider House priced from $550. The Aspen Apartments in the Plemons Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $576. Here is today’s list of the most affordable Pampa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schneider House1 Bed 1 Bath1BR,1BA$550
The Aspen ApartmentsAyers (1x1)1BR,1BA$576
Parks at Granite Apartments0 bedroom 1 bathroomStudio,1BA$625
Patterson Place1BD 1BA1BR,1BA$655
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655

Best Value Apartments for Rent in Pampa, TX and Nearby

As of April 12, 2026 the best value apartment in the Pampa area is the $0.70 price per square foot C1-30 Model at Hampton Villages in the starting from $883. The second greatest value Pampa apartment is the Three Bedroom Model at Cathy's Pointe Apartments starting at $1,160 with a $1.04 price per square foot in the Dumas Junction neighborhood. Here is today’s list of the best values for Pampa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hampton VillagesC1-303BR,2BA$0.70
Cathy's Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Legacy Ridge Apartments2x22BR,2BA$0.90
Silverleaf at PanhandleB12BR,1.5BA$0.99
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
CROSS TIMBERS AT GRAND STREETB12BR,2BA$1.00
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Patterson Place1BD 1BA1BR,1BA$0.95
The Eddison1 Bed, 1 Bath B (60% Income Restricted)1BR,1BA$1.07
Schneider House1 Bed 1 Bath1BR,1BA$0.92

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Pampa

What type of rentals are currently available in Pampa?

There are currently 60 Apartments for Rent in Pampa, TX with pricing that ranges from $406 to $2,000. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pampa ranging from $500 to $3,595.

What is the current price range for Rental Homes in Pampa?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pampa ranges from $500 to $3,595 with an average monthly rent of $1,369.

How much are larger Three and Four Bedroom Rentals in Pampa?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Pampa range from $553 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,475. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $907.

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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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.

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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.

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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.

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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.