Cheap Apartments for Rent in the Downtown Neighborhood of Tyler, TX from $400 (21 Rentals)

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

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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Laurel Flats
Studio to 2 Bedroom Apartments

Laurel Flats

1208 E Houston StTyler, TX 75702
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Fox Run
1 to 2 Bedroom Apartments

Fox Run

2601 S Southeast Loop 323Tyler, TX 75701

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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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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Showing Results 1-21, 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 $557. Nest Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,020. 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$557
Nest ApartmentsB1 - Tier 12BR,1BA$1,020
Broadstone ApartmentsB12BR,2BA$1,030
Southwest Pines2 Bed, 2 Bath (60% Income Restricted)2BR,2BA$1,079
Town Parc At Tyler3 Bedroom3BR,2BA$1,184

Best Value Apartments for Rent in Downtown, TX

As of April 12, 2026 the best value apartment in the Downtown area is the $0.53 price per square foot Two Bedroom Model at Lake View Apartments 55+ Older Senior Living in the in the Downtown neighborhood starting from $557. The second greatest value Downtown apartment is the 2 Bed, 2 Bath (60% Income Restricted) Model at Southwest Pines starting at $1,079 with a $1.04 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.
Lake View Apartments 55+ Older Senior LivingTwo Bedroom2BR,2BA$0.53
Southwest Pines2 Bed, 2 Bath (60% Income Restricted)2BR,2BA$1.04
Town Parc At Tyler2 Bedroom2BR,2BA$1.17
Broadstone ApartmentsB12BR,2BA$1.07
The WilcoxG1BR,1BA$2.56
Nest ApartmentsB1 - Tier 12BR,1BA$1.28

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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

3.0
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 The Wilcox which is listed at $1,300, while the average apartment in Downtown costs $1,330.

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 8 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 $219 which is $1,111 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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.