Cheap Apartments for Rent near Rankin, TX from $500 (55 Rentals)

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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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Dorado Ranch
Rent Specials
$1,365 - $2,693
Total Monthly Price

Total Monthly Price

Base Rent
$1,365 - $2,693
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Dorado Ranch

3601 Faudree RdOdessa, TX 79765
Luxury
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  • Customer Reviewed
  • 3D Tour

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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High Plains
1 to 2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
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Acacia Park
1 to 2 Bedroom Apartments

Acacia Park

4775 Oakwood DrOdessa, TX 79761
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The Laurel Condos
1 to 2 Bedroom Apartments

The Laurel Condos

600 Dotsy AveOdessa, TX 79763
Corporate Housing
  • Utilities Included

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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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 Westwood Square priced from $800. Alturas Eleventh has the second lowest priced unit, which is a 1 Bed apartment currently listed from $809. Here is today’s list of the most affordable Rankin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westwood SquareA11BR,1BA$800
Alturas Eleventh1 BR x 1 BA1BR,1BA$809
Arbor OaksAO-33BR,2BA$824
Westwinds Village1/1, 519 sq ft1BR,1BA$875
Trestles CondominiumsOne Bedroom1BR,1BA$900
Sandpiper ApartmentsOne Bedroom1BR,1BA$900
Madison SquareA11BR,1BA$932
The Paddocks ApartmentsA2 U1BR,1BA$950
Cru1Bed 1Bath1BR,1BA$954
AlaraA11BR,1BA$975

Best Value Apartments for Rent in Rankin, TX and Nearby

As of July 29, 2026 the best value apartment in the Rankin area is the $1.49 price per square foot Three Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,970. The second greatest value Rankin apartment is the AO-2 Model at Arbor Oaks starting at $1,159 with a $1.07 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 TownhomesThree Bedroom Townhome3BR,2.5BA$1.49
Arbor OaksAO-22BR,2BA$1.07
Cru2Bed 2Bath2BR,2BA$1.38
Fairgreen2x12BR,1.5BA$1.34
Arbor Terrace TownhomesB2BR,2BA$1.17
Acacia Park2x12BR,1BA$1.51
Westwood SquareA11BR,1BA$1.10
Pebblebend ApartmentsB1BR,1BA$1.51
BrookviewA11BR,1BA$1.54
Madison SquareA11BR,1BA$1.55

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

Explore Rankin, TX Rentals by Map

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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 $800 at Westwood Square.

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 $979 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 Arbor Oaks and starts from $824.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.