Cheap Apartments for Rent in Princeton, TX from $400 (33 Rentals)

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

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Hazelwood Apartments
1 to 3 Bedroom Apartments

Hazelwood Apartments

500 E Hazelwood StPrinceton, TX 75407
  • Utilities Included
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Buffalo Ridge
1 to 2 Bedroom Apartments

Buffalo Ridge

133 S 4th StPrinceton, TX 75407
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Whitewing Flats
1 to 3 Bedroom Apartments

Whitewing Flats

600 W Monte Carlo BlvdPrinceton, TX 75407

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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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.

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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.

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Gala at Melissa
1 to 2 Bedroom Apartments

Gala at Melissa

2730 E Melissa RdMelissa, TX 75454
Senior Living
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380 Villas
Studio to 3 Bedroom Apartments

380 Villas

808 Throckmorton StMcKinney, TX 75069

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-33, Page 1 of 1

Princeton, TX Local Guide

Cheapest Neighborhoods for Apartments in Princeton, TX

Pricing Updated: 01/08/2026

Current apartment rentals in the Princeton, TX area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Princeton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Forest Grove$2,276$974108

Cheapest Available Princeton Apartments for Rent

 

The cheapest available apartment rental in Princeton, TX is a 1 Bed unit found at Provision at Melissa in the Villages of Melissa neighborhood priced from $554. Buffalo Run in the Forest Grove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $972. Here is today’s list of the most affordable Princeton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Provision at MelissaA1-301BR,1BA$554
Buffalo Run1 Bedroom 1 Bath1BR,1BA$972
Gala at MelissaA1-501BR,1BA$994
Lakes of EldoradoVista1BR,1BA$999
OaklynA11BR,1BA$1,009
The Gables of McKinney1A Renovation 21BR,1BA$1,010
Newsome HomesA11BR,1BA$1,020
Magnolia RanchA1F1BR,1BA$1,079
Woodlyn Apartment HomesB12BR,2BA$1,084
FarmHouse121A21BR,1BA$1,099

Best Value Apartments for Rent in Princeton, TX

As of January 08, 2026 the best value apartment in the Princeton area is the $1.42 price per square foot C2 Model at Townhomes at Sam Rayburn in the in the Villages of Melissa neighborhood starting from $2,358. The second greatest value Princeton apartment is the 3 Bed 2 Bath 1382 SqFt (1290 Net) Model at El Lago starting at $1,825 with a $1.41 price per square foot in the McKinney Greens neighborhood. Here is today’s list of the best values for Princeton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes at Sam RayburnC23BR,2.5BA$1.42
El Lago3 Bed 2 Bath 1382 SqFt (1290 Net)3BR,2BA$1.41
Oxenfree PrincetonElevate 3 x 23BR,2BA$1.55
McKinney TerraceB42BR,2BA$1.64
1701 at EldoradoB12BR,2BA$1.27
Country Lane Seniors McKinneyB2BR,1BA$1.49
Avilla Towne CenterThe Retreat2BR,2BA$1.56
Whitewing Flats1A1BR,1BA$1.19
Newsome HomesB12BR,1BA$1.59
Woodlyn Apartment HomesA11BR,1BA$1.54

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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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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Best Local Schools in
Princeton, TX

School data provided by Great Schools

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

Explore Princeton, TX Rentals by Map

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See the most popular apartments and homes in Princeton, TX

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Frequently Asked Questions about Cheap Princeton Apartments

What is a cheap apartment in Princeton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Princeton is under $1,099.

What is the price of a cheap apartment in Princeton?

The cheapest apartment in Princeton is Provision at Melissa which is listed at $554, while the average apartment in Princeton costs $2,276.

What types of apartments are the cheapest in Princeton?

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 15 regular apartments in Princeton 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 Princeton?

Cheap apartments in Princeton have an average cost of $415 which is $1,861 cheaper than the average rent for all rentals in Princeton.

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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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!