
Cheap Homes for Rent in Downtown Neighborhood of Tyler, TX from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Tyler.


625 Augusta Ave
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.

1535 N Tenneha Ave

520 S Fannin Ave
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.

1822 W Oakwood St
Downtown, Tyler, TX Local Guide

How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $1,328 | $875 | $1,595 |
| Downtown 3 Bedroom Homes for Rent | $1,830 | $1,400 | $2,595 |
| Downtown 4 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| Downtown 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Tyler, TX.
Explore Tyler
Downtown, Tyler, TX Local Guide
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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 $557. Nest Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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 | $557 |
| Nest Apartments | A1 - Classic | Studio,1BA | $799 |
| Broadway Reserve Apartments – A Fresh, Revitalized Home in Tyler, TX | A1 | 1BR,1BA | $820 |
Best Value Apartments for Rent in Downtown, TX
As of March 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 Two Bedroom Model at Lake View Apartments 55+ Older Senior Living starting at $557 with a $0.53 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 | $0.53 |
| Southwest Pines | 2 Bed, 2 Bath (60% Income Restricted) | 2BR,2BA | $1.02 |
| Town Parc At Tyler | 2 Bedroom | 2BR,2BA | $1.17 |
| The Wilcox | G | 1BR,1BA | $2.56 |
| Broadway Reserve Apartments – A Fresh, Revitalized Home in Tyler, TX | A1 | 1BR,1BA | $1.18 |
| Nest Apartments | A1 - Classic | Studio ,1BA | $1.80 |
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 ArticleThe 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.
Read ArticleCash 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.
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
4.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 39 Apartments for Rent in Downtown, TX with pricing that ranges from $466 to $2,340. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $575 to $2,595.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $575 to $2,595 with an average monthly rent of $1,519.
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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.