Cheap Apartments for Rent in the Downtown Neighborhood of Tyler, TX from $400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Tyler.

Midtown Apartments

Lake View Apartments 55+ Older Senior Living
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.
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.
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 | $1,015 | $920 | $1,045 |
Downtown 1 Bedroom Apartments | $1,209 | $432 | $2,310 |
Downtown 2 Bedroom Apartments | $1,331 | $516 | $2,340 |
Downtown 3 Bedroom Apartments | $1,511 | $1,333 | $1,625 |
Browse Apartments in this Neighborhood
There are currently 13 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $516. Nest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $975. 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 | $516 |
Nest Apartments | A1 - Tier 1 | Studio,1BA | $975 |
Broadstone | B1 | 2BR,2BA | $1,095 |
The Wilcox | C | 1BR,1BA | $1,300 |
Midtown Apartments | 1 | 1BR,1BA | $1,505 |
Best Value Apartments for Rent in Downtown, TX
As of June 24, 2025 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 Two Bedroom Model at Lake View Apartments 55+ Older Senior Living starting at $516 with a $0.49 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 |
Lake View Apartments 55+ Older Senior Living | Two Bedroom | 2BR,2BA | $0.49 |
Broadstone | B1 | 2BR,2BA | $1.13 |
The Wilcox | G | 1BR,1BA | $2.56 |
Midtown Apartments | 1 | 1BR,1BA | $2.41 |
Nest Apartments | A1 - Tier 1 | Studio ,1BA | $2.19 |
Quick 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.
Frequently Asked Questions about Cheap Downtown Apartments
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Broadstone which is listed at $945, while the average apartment in Downtown costs $1,550.
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 1 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 $197 which is $1,353 cheaper than the average rent for all rentals in Downtown.
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.

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.

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.

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.

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.