Cheap Homes for Rent in Tyler, TX from $500 (36 Rentals)

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Search the lowest-cost Homes available for rent right now in Tyler.

property at 1643 Elk River Rd

$649

Total Monthly Price

Total Monthly Price

Base Rent
$649

Total Monthly Price
$649

1 Bedroom, 1 Bath Home for Rent

Available Now

1643 Elk River Rd, Unit Room #1

1643 Elk River Rd
TylerTX75703

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.

property at 2003 N Grand Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2003 N Grand Ave, Unit (Left Side)

2003 N Grand Ave
TylerTX75702

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.

property at 9951 FM 346

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

9951 FM 346

WhitehouseTX75791

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.

property at 416 E 8th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

416 E 8th St

TylerTX75701

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.

Tyler, TX Local Guide

Cheapest Neighborhoods for Apartments in Tyler, TX

Pricing Updated: 08/01/2026

Current apartment rentals in the Tyler, TX area range in price from $675 to $2,250 with an overall median price of $1,875. Here is today’s list neighborhoods with the lowest median pricing for Tyler Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown$1,875$67510

Cheapest Available Tyler Apartments for Rent

 

The cheapest available apartment rental in Tyler, TX is a 1 Bed unit found at Moore Grocery Lofts in the Downtown neighborhood priced from $488. Lake View Apartments 55+ Older Senior Living in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $591. Here is today’s list of the most affordable Tyler apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Moore Grocery Lofts1x1 30%B1BR,1BA$488
Lake View Apartments 55+ Older Senior LivingTwo Bedroom2BR,2BA$591
Finley Apartment HomesA2a1BR,1BA$790
Cypress FlatsStudio AStudio,1BA$799
Marabella Apartment HomesA221BR,1BA$815
The Rose on SybilA21BR,1BA$839
The Parker ApartmentsA11BR,1BA$849
Laurel FlatsA11BR,1BA$862
The RidgeA21BR,1BA$864
Town Village South ApartmentsThe Pine1BR,1BA$895

Best Value Apartments for Rent in Tyler, TX

As of August 01, 2026 the best value apartment in the Tyler area is the $1.13 price per square foot Westwood Village - 22 Model at 12750 County Road 1254 in the starting from $1,625. The second greatest value Tyler apartment is the Three Bedroom/ Two Bath Model at Lake Park Duplexes starting at $1,625 with a $1.16 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Tyler apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
12750 County Road 1254Westwood Village - 223BR,2BA$1.13
Lake Park DuplexesThree Bedroom/ Two Bath3BR,2BA$1.16
Fannin MeadowsReal Deal3BR,2BA$1.04
Southwest Pines3 Bed, 2 Bath (60% Income Restricted)3BR,2BA$1.14
Lake View Apartments 55+ Older Senior LivingTwo Bedroom2BR,2BA$0.57
Town Parc At Tyler2 Bedroom2BR,2BA$1.01
637 S Chilton Ave, Unit 637 Chilton Apt B637 S Chilton Ave1BR,1BA$1.06
The Parker ApartmentsA11BR,1BA$1.05
The Rose on SybilA21BR,1BA$1.11
Finley Apartment HomesA21BR,1BA$1.13

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.

Read Article
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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Tyler

What type of rentals are currently available in Tyler?

There are currently 221 Apartments for Rent in Tyler, TX with pricing that ranges from $488 to $5,861. There are also 212 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tyler ranging from $595 to $4,500.

What is the current price range for Rental Homes in Tyler?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Tyler ranges from $595 to $4,500 with an average monthly rent of $1,643.

How much are larger Three and Four Bedroom Rentals in Tyler?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Tyler range from $1,135 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $1,443.

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.