Cheap Apartments for Rent in Rankin, TX from $500 (30 Rentals)

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

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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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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Alturas Eleventh
1 to 2 Bedroom Apartments

Alturas Eleventh

2828 E 11th StOdessa, TX 79761

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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High Plains
1 to 2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
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Village Place
1 to 4 Bedroom Apartments

Village Place

1220 Adams AveOdessa, TX 79761
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Rankin, TX Local Guide

Cheapest Available Rankin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rankin, TX is a 1 Bed unit found at Magnolia Living - 62 and Over priced from $506. Trestles Condominiums has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Rankin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$506
Trestles CondominiumsOne Bedroom1BR,1BA$850
Ashford Odessa Square1X11BR,1BA$879
Alturas PenbrookRise1BR,1BA$885
Westwinds Village1/1, 519 sq ft1BR,1BA$895
The Paddocks ApartmentsA1 U1BR,1BA$900
Westwood SquareOne Bedroom Apartment Home1BR,1BA$924
University GardensA11BR,1BA$945
Sandpiper ApartmentsOne Bedroom1BR,1BA$950
Madison Square1 Bedroom Apartment Home1BR,1BA$960

Best Value Apartments for Rent in Rankin, TX and Nearby

As of July 29, 2025 the best value apartment in the Rankin area is the $1.30 price per square foot Two Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,460. The second greatest value Rankin apartment is the Gleneagles Model at Mission Green starting at $1,755 with a $1.58 price per square foot . Here is today’s list of the best values for Rankin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Country Crest TownhomesTwo Bedroom Townhome2BR,1.5BA$1.30
Mission GreenGleneagles2BR,2BA$1.58
Hemingway House ApartmentsE2BR,2.5BA$1.56
Fairgreen1x11BR,1BA$1.49
Cru Apartments1x11BR,1BA$1.36
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.27
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$0.71
Brookview1 Bedroom Apartment Home1BR,1BA$1.60
Ashford Odessa Square2X12BR,1BA$1.51
Madison Square1 Bedroom Apartment Home1BR,1BA$1.60

Quick Rent Budget Calculator

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

Explore Rankin, TX Rentals by Map

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See the most popular apartments and homes in Rankin, TX

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Getting Around Rankin, TX

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Rankin Apartments

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

The lowest price for a Cheap One Bedroom Rankin Apartment is $506 at Magnolia Living - 62 and Over.

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

Today's best deal for a Cheap Two Bedroom Apartment in Rankin is starting from $960 at Alturas Penbrook.

What is the most affordable Rankin Three Bedroom Apartment?

The best deal on a cheap Rankin Three Bedroom Apartment rental is at Alara and starts from $1,420.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.