
Cheap Apartments for Rent in the Downtown Plano Neighborhood of Plano, TX from $600 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Plano area of Plano.


Total Monthly Price
Patriot Park

The Link at Plano

Plano Park Townhomes

Collin Creek

Bel Air Oaks

Bel Air on 16th

Bel Air Downtown

Park on 14th
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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.

Total Monthly Price
1400 F Ave, Unit 204, Unit 204

Total Monthly Price
Centric One90

Morada Plano

Total Monthly Price
Aura Northline

1602 M Ave

1602 M Ave

Junction 15

The Bridge at Heritage Creekside

1006 Municipal 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.

Total Monthly Price
The Emory

1345 E 15th St, Unit 112

1811 Mimosa Ave

Belleview

Villas Del Sol Phase Two

K Avenue Lofts

MAGNOLIA ON 16TH

Alta Vista Apartments

Chisholm Place
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.

Villas Del Sol Phase One

Touraine Plano

Ferro

Texas Star Townhomes

1102 11th St

1621 Lorraine Dr

1920 Fairfield Dr

1716 17th St

911 17th St
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.

SYNC CityLine

Axis 110

Bell CityLine I

Anthem Cityline Apartments

Total Monthly Price
The Register

The Lyla

The Yorkshire Luxury Apartments

Windsor CityLine

Homes of Prairie Springs
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $929 | $2,033 |
| Downtown Plano 1 Bedroom Apartments | $1,642 | $602 | $4,103 |
| Downtown Plano 2 Bedroom Apartments | $2,125 | $644 | $3,755 |
| Downtown Plano 3 Bedroom Apartments | $2,325 | $1,449 | $9,138 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Downtown Plano Neighborhood of Plano, TX.
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Downtown Plano, Plano, TX Local Guide
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Cheapest Available Downtown Plano Apartments for Rent
 The cheapest available apartment rental in the Downtown Plano area of Plano, TX is a 2 Beds unit found at Patriot Park priced from $644. The Link at Plano has the second lowest priced unit, which is a 1 Bed apartment currently listed from $959. Here are the most affordable Downtown Plano apartments for rent in Plano, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Patriot Park | B-1 | 2BR,2BA | $644 |
| The Link at Plano | A1 | 1BR,1BA | $959 |
| Collin Creek | Studio, 1 Bath (80% Income Restricted) | Studio,1BA | $985 |
| Bel Air on 16th | A1 | 1BR,1BA | $999 |
| Bel Air Oaks | A1 | 1BR,1BA | $999 |
| Bel Air Downtown | Studio | Studio,1BA | $999 |
| Belleview | 1 bedroom 1 bath Half Reno | 1BR,1BA | $1,025 |
| MAGNOLIA ON 16TH | 1 bedroom, 1 bath | 1BR,1BA | $1,145 |
| SYNC CityLine | S1 | Studio,1BA | $1,153 |
| Park on 14th | A2 | 1BR,1BA | $1,230 |
Best Value Apartments for Rent in Downtown Plano, TX
As of April 24, 2026 the best value apartment in the Downtown Plano area is the $1.71 price per square foot B3 Model at Junction 15 in the in the Royal Oaks neighborhood starting from $2,096. The second greatest value Downtown Plano apartment is the 3 Bed, 2 Bath (80% Income Restricted) Model at Collin Creek starting at $1,992 with a $1.68 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. |
|---|---|---|---|
| Junction 15 | B3 | 2BR,2BA | $1.71 |
| Collin Creek | 3 Bed, 2 Bath (80% Income Restricted) | 3BR,2BA | $1.68 |
| Bel Air Oaks | B2 | 2BR,1.5BA | $1.41 |
| Bel Air Downtown | B3 | 2BR,2BA | $1.72 |
| Chisholm Place | Maverick (+Den) | 1BR,1BA | $1.27 |
| The Link at Plano | A7 | 1BR,1BA | $1.50 |
| Bel Air on 16th | A2 | 1BR,1BA | $1.79 |
| Park on 14th | A1 | 1BR,1BA | $1.89 |
| Patriot Park | E-1 | Studio ,1BA | $1.58 |
| Belleview | 1 bedroom 1 bath renovated | 1BR,1BA | $1.88 |
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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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 $1,230.
What is the price of a cheap apartment in Downtown Plano?
The cheapest apartment in Downtown Plano is The Link at Plano which is listed at $879, while the average apartment in Downtown Plano costs $7,821.
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 37 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 $118 which is $7,703 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

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.

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.