Cheap Apartments for Rent in Wichita Falls, TX from $300 (123 Rentals)

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Search the lowest-cost Apartments available for rent right now in Wichita Falls.

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.

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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.

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property at 1610 Taylor St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

1610 Taylor St

Wichita FallsTX76309
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The Maverick on Seymour
Rent Specials
$942 - $1,459
Total Monthly Price

Total Monthly Price

Base Rent
$942 - $1,459
Total Monthly Price
$942 - $1,459
1 to 3 Bedroom Apartments Available Sep 19

The Maverick on Seymour

3706 Seymour RdWichita Falls, TX 76309
Family Friendly
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property at 2514 Buchanan St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

2514 Buchanan St

Wichita FallsTX76309

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.

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property at 714 Ross Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 2 Bath Home for Rent

Available Now

714 Ross Ave

Wichita FallsTX76306
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Big Blue
Studio Apartments

Big Blue

719 Scott AveWichita Falls, TX 76301
  • Utilities Included
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Morning Side Apartments
Studio to 2 Bedroom Apartments

Morning Side Apartments

906 Grant StWichita Falls, TX 76301
  • Utilities Included

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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Avalon Meadows
Studio to 1 Bedroom Apartments

Avalon Meadows

2610 Old Iowa Park RdWichita Falls, TX 76306
  • Utilities Included
property at 2007 10th St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

2007 10th St

Wichita FallsTX76301
property at 1704 Pearl Ave

$600

1 Bedroom, 1 Bath Home for Rent

Available Now

1704 Pearl Ave

Wichita FallsTX76301
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Park Place Apartments
1 to 2 Bedroom Apartments

Park Place Apartments

3611 Maplewood AveWichita Falls, TX 76308
  • Utilities Included
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1611 Bell St
1 to 2 Bedroom Apartments

1611 Bell St

1611 Bell StWichita Falls, TX 76309
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The Holt Apartments
1 to 2 Bedroom Apartments

The Holt Apartments

600 8th StWichita Falls, TX 76301
  • Utilities Included
property at 1140 Covington St

$650

1 Bedroom, 1 Bath Home for Rent

Available Now

1140 Covington St

Wichita FallsTX76306
property at 1205 Austin St

$650

1 Bedroom, 1 Bath Home for Rent

Available Now

1205 Austin St

Wichita FallsTX76301

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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Wichita Falls, TX Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Wichita Falls, TX

Pricing Updated: 08/01/2026

Current apartment rentals in the Wichita Falls, TX area range in price from $436 to $1,825 with an overall median price of $1,383. The three Wichita Falls neighborhoods with the lowest median rent pricing are Downtown Wichita Falls at $1,197, North Wichita Falls at $1,317, and East Wichita Falls at $1,407. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Wichita Falls Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Wichita Falls$1,197$43620
North Wichita Falls$1,317$55021
East Wichita Falls$1,407$43637
Southwest Wichita Falls$1,407$43686
West Wichita Falls$1,407$43693

Cheapest Available Wichita Falls Apartments for Rent

 

The cheapest available apartment rental in Wichita Falls, TX is a Studio unit found at Big Blue in the East Wichita Falls neighborhood priced from $132. Santa Fe Village & Highlander Apartments in the North Wichita Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Wichita Falls apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Big BlueTower OfficeStudio,$132
Santa Fe Village & Highlander ApartmentsEfficiency1BR,1BA$550
Stone Ridge Apartments ALL BILLS PAIDStudioStudio,1BA$645
FountaingateA11BR,1BA$685
Sheppard's Edge1 Bedroom/1 Bath1BR,1BA$749
Austin School LoftsOne Bedroom1BR,1BA$750
River Bend ApartmentsA11BR,1BA$750
Waterford Glen1B1BR,1BA$780
The WoodlandsA21BR,1BA$790

Best Value Apartments for Rent in Wichita Falls, TX

As of August 01, 2026 the best value apartment in the Wichita Falls area is the $1.08 price per square foot 2 Beds, 2 baths Model at Alamo School Lofts in the in the East Wichita Falls neighborhood starting from $1,600. The second greatest value Wichita Falls apartment is the 3 Bedroom 2 Bathroom Model at Washington Village Apartments starting at $1,169 with a $1.02 price per square foot in the East Wichita Falls neighborhood. Here is today’s list of the best values for Wichita Falls apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Alamo School Lofts2 Beds, 2 baths2BR,2BA$1.08
Washington Village Apartments3 Bedroom 2 Bathroom3BR,2BA$1.02
Sheppard's Edge3 Bedroom/2 Bath3BR,2BA$1.07
Woodview22-602BR,2BA$1.09
1507 Polk St, Unit 1507 Polk St Apt A1507 Polk St2BR,1BA$1.00
Austin School LoftsOpen LoftStudio ,1BA$1.13
1611 Elizabeth Ave, Unit Elizabeth (Main)1611 Elizabeth Ave1BR,1BA$1.13
Lincoln Heights2 Bedroom 1.5 Bathroom2BR,1.5BA$1.17
Waterford Glen1B1BR,1BA$1.09
1606 Collins Ave, Unit Collin Main1606 Collins Ave1BR,1BA$0.85

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.

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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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Wichita Falls Overview

Any mention of city life evokes thoughts of high living costs and high unemployment rates, right? Well, Wichita Falls, Texas is a different kind of city. This metropolis, nick-named Fall’s Town, boasts highly affordable living, a small population of about 100,000 and low unemployment rates. Wichita Falls prides itself in having great weather and being ranked the second best place for working parents to live in America.

Why live in Wichita Falls, TX?

Besides the rich cultural diversity and contemporary life of Wichita Falls, there are many reasons why you can consider living here. Wichita Falls has highly affordable living costs, with living costs being almost 15 percent below the national rate. Similarly, you can live in a Wichita Falls apartment and enjoy housing costs that are 14 percent less than those of average American cities. There are impressively low unemployment rates of 5.6 percent, great weather and efficient public transportation systems. All these factors make the city of Wichita Falls the second best place in America for working parents to live in.

Best Local Schools in
Wichita Falls, TX

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

Explore Wichita Falls, TX Rentals by Map

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Frequently Asked Questions about Cheap Wichita Falls Apartments

What is the price of a cheap apartment in Wichita Falls?

The cheapest apartment in Wichita Falls is Santa Fe Village & Highlander Apartments which is listed at $550, while the average apartment in Wichita Falls costs $1,383.

What types of apartments are the cheapest in Wichita Falls?

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 6 regular apartments in Wichita Falls 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 Wichita Falls?

Cheap apartments in Wichita Falls have an average cost of $227 which is $1,156 cheaper than the average rent for all rentals in Wichita Falls.

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.

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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.

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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.