
Cheap Apartments for Rent in the Downtown Plano Neighborhood of Plano, TX from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Plano area of Plano.


Total Monthly Price
Patriot Park

1201 E Park Blvd

Collin Creek

Plano Park Townhomes

Bel Air on 16th
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.

Bel Air Downtown

1201 E Park Blvd

Villas Del Sol Phase Two

Belleview

K Avenue Lofts

MAGNOLIA ON 16TH
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.
Downtown Plano, Plano, TX Local Guide

How much does it cost to rent an apartment in Downtown Plano?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Plano Studio Apartments | $1,266 | $518 | $1,642 |
| Downtown Plano 1 Bedroom Apartments | $1,642 | $548 | $2,923 |
| Downtown Plano 2 Bedroom Apartments | $2,114 | $644 | $3,833 |
| Downtown Plano 3 Bedroom Apartments | $2,215 | $734 | $3,893 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Plano Neighborhood of Plano, TX.
See all Apartments in PlanoExplore Plano
Downtown Plano, Plano, TX Local Guide
- Nearby Plano neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Plano Apartments for Rent
 The cheapest available apartment rental in the Downtown Plano area of Plano, TX is a Studio unit found at Collin Creek priced from $941. Patriot Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $988. Here are the most affordable Downtown Plano apartments for rent in Plano, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Collin Creek | Studio, 1 Bath (80% Income Restricted) | Studio,1BA | $941 |
| Patriot Park | A-2 | 1BR,1BA | $988 |
| Bel Air Downtown | Studio | Studio,1BA | $999 |
| Bel Air on 16th | A1 | 1BR,1BA | $999 |
| Belleview | 1 bedroom 1 bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Downtown Plano, TX
As of March 10, 2026 the best value apartment in the Downtown Plano area is the $1.39 price per square foot Whitestone Model at Chisholm Place in the in the Plano Transit Village neighborhood starting from $1,605. The second greatest value Downtown Plano apartment is the A1 Model at Bel Air Oaks starting at $1,330 with a $1.50 price per square foot in the Plano Transit Village neighborhood. Here is today’s list of the best values for Downtown Plano apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chisholm Place | Whitestone | 1BR,1.5BA | $1.39 |
| Bel Air Oaks | A1 | 1BR,1BA | $1.50 |
| Collin Creek | 1 Bed, 1 Bath (80% Income Restricted) | 1BR,1BA | $1.70 |
| Junction 15 | A1 | 1BR,1BA | $1.90 |
| Windsor CityLine | A41 | 1BR,1BA | $2.06 |
| Bel Air on 16th | A2 | 1BR,1BA | $1.79 |
| Belleview | 2 Bdrm, 1 bath Reno | 2BR,1BA | $1.90 |
| Park on 14th | A1 | 1BR,1BA | $1.89 |
| Bel Air Downtown | Studio | Studio ,1BA | $1.67 |
| Patriot Park | E-1 | Studio ,1BA | $1.93 |
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 ArticleThe 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.
Read ArticleCash 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.
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.
Lifestyle Ratings
Our team is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Texas, including Plano. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, places to raise kids, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Plano Apartments
What is a cheap apartment in Downtown Plano?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Plano is under $1,272.
What is the price of a cheap apartment in Downtown Plano?
The cheapest apartment in Downtown Plano is Patriot Park which is listed at $988, while the average apartment in Downtown Plano costs $7,501.
What types of apartments are the cheapest in Downtown Plano?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 59 regular apartments in Downtown Plano that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Plano?
Cheap apartments in Downtown Plano have an average cost of $152 which is $7,349 cheaper than the average rent for all rentals in Downtown Plano.
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

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.

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.

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.

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.