
Cheap Apartments for Rent in the Downtown Neighborhood of Tyler, TX from $400 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Tyler.


Lake View Apartments 55+ Older Senior Living

Nest Apartments

808 S Robertson Ave
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.

Villa Milano Apartments

625 Augusta Ave

514 S Bois D Arc Ave

Fox Run
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.

Laurel Flats
Downtown, Tyler, TX Local Guide

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $844 | $799 | $1,045 |
| Downtown 1 Bedroom Apartments | $965 | $488 | $1,595 |
| Downtown 2 Bedroom Apartments | $1,136 | $580 | $1,605 |
| Downtown 3 Bedroom Apartments | $1,389 | $1,169 | $1,625 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Tyler, TX.
See all Apartments in TylerExplore Tyler
Downtown, Tyler, TX Local Guide
- Nearby Tyler neighborhoods
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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. Laurel Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $862. Here are the most affordable Downtown apartments for rent in Tyler, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lake View Apartments 55+ Older Senior Living | Two Bedroom | 2BR,2BA | $591 |
| Laurel Flats | A1 | 1BR,1BA | $862 |
| Broadstone Apartments | A1 | 1BR,1BA | $970 |
Best Value Apartments for Rent in Downtown, TX
As of July 12, 2026 the best value apartment in the Downtown area is the $1.16 price per square foot Three Bedroom/ Two Bath Model at Lake Park Duplexes in the in the Downtown neighborhood starting from $1,625. The second greatest value Downtown apartment is the 3 Bed, 2 Bath (60% Income Restricted) Model at Southwest Pines starting at $1,326 with a $1.14 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lake Park Duplexes | Three Bedroom/ Two Bath | 3BR,2BA | $1.16 |
| Southwest Pines | 3 Bed, 2 Bath (60% Income Restricted) | 3BR,2BA | $1.14 |
| Lake View Apartments 55+ Older Senior Living | Two Bedroom | 2BR,2BA | $0.57 |
| Moore Grocery Lofts | 2x2 60%B | 2BR,2BA | $1.22 |
| Town Parc At Tyler | 2 Bedroom | 2BR,2BA | $1.01 |
| 637 S Chilton Ave, Unit 637 Chilton Apt B | 637 S Chilton Ave | 1BR,1BA | $1.06 |
| 415 Sunny Ln, Unit Boarding House Suite | 415 Sunny Ln | 1BR,1BA | $1.77 |
| Liberty Arms Apartments | 2A | 2BR,1BA | $1.87 |
| Nest Apartments | B1W - Tier 2 | 2BR,1.5BA | $1.37 |
| Broadstone Apartments | A1 | 1BR,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.
Read ArticleReal 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.
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.
Pet Friendly LifestyleDowntown, Tyler, TX
Ranked #1
Among cities in Texas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Laurel Flats which is listed at $862, while the average apartment in Downtown costs $1,386.
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 10 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 $469 which is $917 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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.