Cheap Apartments for Rent in the Downtown Neighborhood of Tyler, TX from $488 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown area of Tyler.

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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The Lodge on Broadway
Rent Specials
$975 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,150
Total Monthly Price
$975 - $1,150
1 to 3 Bedroom Apartments Available Now

The Lodge on Broadway

2713 South Broadway AveTyler, TX 75701
Student 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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Showing Results 1-17, Page 1 of 1

Downtown, Tyler, TX Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Tyler, TX is a 2 Beds unit found at Lake View Apartments 55+ Older Senior Living priced from $591. Broadstone Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here are the most affordable Downtown apartments for rent in Tyler, TX:

Apartment ListingModel NameBed/BathPriced From
Lake View Apartments 55+ Older Senior LivingTwo Bedroom2BR,2BA$591
Broadstone ApartmentsA11BR,1BA$970
Bois D'Arc @Downtown1BR/1.0BA1BR,1BA$975
The Lodge on BroadwayAspen1BR,1BA$975
Town Parc At Tyler2 Bedroom2BR,2BA$1,024

Best Value Apartments for Rent in Downtown, TX

As of August 27, 2026 the best value apartment in the Downtown area is the $1.10 price per square foot 3 Bed, 2 Bath (60% Income Restricted) Model at Southwest Pines in the in the Downtown neighborhood starting from $1,279. The second greatest value Downtown apartment is the Two Bedroom Model at Lake View Apartments 55+ Older Senior Living starting at $591 with a $0.57 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Southwest Pines3 Bed, 2 Bath (60% Income Restricted)3BR,2BA$1.10
Lake View Apartments 55+ Older Senior LivingTwo Bedroom2BR,2BA$0.57
Moore Grocery Lofts2x2 60%B2BR,2BA$1.22
Town Parc At Tyler2 Bedroom2BR,2BA$1.01
The Nest ApartmentsB1W - Tier 22BR,1.5BA$1.37
Bois D'Arc @Downtown1BR/1.0BA1BR,1BA$1.30
The Lodge on BroadwayAlpine1BR,1BA$1.37
Broadstone ApartmentsA11BR,1BA$1.39

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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Pet Friendly Lifestyle
Downtown, Tyler, TX

Ranked #1

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Broadstone Apartments which is listed at $970, while the average apartment in Downtown costs $1,100.

What types of apartments are the cheapest in Downtown?

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 23 regular apartments in Downtown 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?

Cheap apartments in Downtown have an average cost of $683 which is $417 cheaper than the average rent for all rentals in Downtown.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.