Cheap Apartments for Rent in Panhandle, TX from $455 (53 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Hampton Villages
2 to 4 Bedroom Apartments

Hampton Villages

100 Hampton LnPampa, TX 79065
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Schneider House
1 to 2 Bedroom Apartments

Schneider House

120 S Russell StPampa, TX 79065
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Patterson Place
1 to 2 Bedroom Apartments

Patterson Place

2609 Patterson DrAmarillo, TX 79109
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Concord Apartments
1 to 2 Bedroom Apartments

Concord Apartments

3019 SW 28th AveAmarillo, TX 79109

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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Harvest Park
2 to 3 Bedroom Apartments

Harvest Park

1011 E Harvester AvePampa, TX 79065
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Quail Creek Apartments
1 to 2 Bedroom Apartments

Quail Creek Apartments

6600 Plum Creek DrAmarillo, TX 79124
Corporate Housing
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Mockingbird Apartments
1 to 3 Bedroom Apartments

Mockingbird Apartments

3500 Mockingbird LnAmarillo, TX 79109
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Country Club
2 Bedroom Apartments

Country Club

900 S Avondale StAmarillo, TX 79106
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Colonial Jamestown
1 to 3 Bedroom Apartments

Colonial Jamestown

3110 SW 27th AveAmarillo, TX 79109

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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Panhandle, TX Local Guide

Cheapest Available Panhandle Apartments for Rent and Nearby

 

The cheapest available apartment rental in Panhandle, TX is a 1 Bed unit found at The Larsson in the Downtown Amarillo neighborhood priced from $455. Silverleaf at Panhandle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $467. Here is today’s list of the most affordable Panhandle apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Larsson1/1.001BR,1BA$455
Silverleaf at PanhandleA11BR,1BA$467
Parks at Granite Apartments0 bedroom 1 bathroomStudio,1BA$625
The Aspen ApartmentsAyers (1x1)1BR,1BA$629
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Amarillo Square Apartments1 Bedroom 1 Bathroom1BR,1BA$695
Ridgecrest Apartments1 Bedroom, 1 Bathroom1BR,1BA$695
The Coachlight ApartmentsEFFICIENCYStudio,1BA$705
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$705
Brierwood ApartmentsD1BR,1BA$725

Best Value Apartments for Rent in Panhandle, TX and Nearby

As of September 06, 2026 the best value apartment in the Panhandle area is the $0.78 price per square foot 2 Bedroom Model at Cypress Creek Jason Avenue in the in the Dumas Junction neighborhood starting from $948. The second greatest value Panhandle apartment is the 2 Bedrooms, 2 Bathrooms Model at Quail Creek Apartments starting at $1,055 with a $1.00 price per square foot in the Soncy neighborhood. Here is today’s list of the best values for Panhandle apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cypress Creek Jason Avenue2 Bedroom2BR,2BA$0.78
Quail Creek Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.00
Legacy Ridge Apartments2x22BR,2BA$0.90
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.88
Silverleaf at PanhandleB12BR,1.5BA$0.99
Reserve @ 47B22BR,2BA$1.10
Mariposa Jason Avenue 55+ Apartment HomesA21BR,1BA$1.01
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Ridgecrest Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.02
The Larsson1/1.001BR,1BA$0.70

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Panhandle, TX

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Panhandle Apartments

What is the Cheapest Studio apartment in Panhandle?

Currently the most affordable Cheap Studio Apartment in Panhandle is at Parks at Granite Apartments listed at $625.

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

The lowest price for a Cheap One Bedroom Panhandle Apartment is $455 at The Larsson.

What is the lowest price for a Cheap Two Bedroom Panhandle Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Panhandle is starting from $825 at Brierwood Apartments.

What is the most affordable Panhandle Three Bedroom Apartment?

The best deal on a cheap Panhandle Three Bedroom Apartment rental is at Amarillo Greentree Village and starts from $908.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.