Cheap Apartments for Rent in Wichita Falls, TX from $436 (98 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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Big Blue
Studio Apartments

Big Blue

719 Scott AveWichita Falls, TX 76301
  • Utilities Included

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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Morning Side Apartments
Studio to 2 Bedroom Apartments

Morning Side Apartments

906 Grant StWichita Falls, TX 76301
  • Utilities Included
property at 1205 Austin St
$595
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1205 Austin St

Wichita FallsTX76301
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Avalon Meadows
Studio to 1 Bedroom Apartments

Avalon Meadows

2610 Old Iowa Park RdWichita Falls, TX 76306
  • Utilities Included
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Park Place Apartments
1 to 2 Bedroom Apartments

Park Place Apartments

3611 Maplewood AveWichita Falls, TX 76308
  • Utilities Included
property at 2115 Princeton Ave
$650
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2115 Princeton Ave

Wichita FallsTX76301
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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 3006 Ave K
$650
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

3006 Ave K

Wichita FallsTX76309

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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Country Park
1 to 3 Bedroom Apartments

Country Park

5282 Professional DrWichita Falls, TX 76302
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Forest Glen Apartments
1 to 3 Bedroom Apartments

Forest Glen Apartments

5248 Professional DrWichita Falls, TX 76302
  • Utilities Included
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1611 Bell St
1 to 2 Bedroom Apartments

1611 Bell St

1611 Bell StWichita Falls, TX 76309
property at 2405 Bullington St
$695
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2405 Bullington St

Wichita FallsTX76301
property at 2316 Buchanan St
$695
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2316 Buchanan St

Wichita FallsTX76309
property at 1612 14th St
$695
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1612 14th St

Wichita FallsTX76301
property at 1015 Roosevelt St
$695
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1015 Roosevelt St

Wichita FallsTX76301
property at 1813 7th St
$695
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1813 7th St

Wichita FallsTX76301
property at 1523 Speedway Ave
$695
1 Bedroom, 1 Bath Home for Rent
Available Now

1523 Speedway Ave

Wichita FallsTX76301
property at 1723 McGregor Ave
$700
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1723 McGregor Ave

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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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Wichita Falls, TX

Pricing Updated: 09/15/2026

Current apartment rentals in the Wichita Falls, TX area range in price from $436 to $1,825 with an overall median price of $945. The three Wichita Falls neighborhoods with the lowest median rent pricing are Downtown Wichita Falls at $930, West Wichita Falls at $938, and Southwest Wichita Falls at $942. 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$930$43618
West Wichita Falls$938$43691
Southwest Wichita Falls$942$43684
East Wichita Falls$950$43631
North Wichita Falls$994$55019

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 $100. 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,$100
Santa Fe Village & Highlander ApartmentsEfficiency1BR,1BA$550
Stone Ridge Apartments ALL BILLS PAIDStudioStudio,1BA$645
FountaingateA11BR,1BA$685
Parkway VillasMesquite1BR,1BA$731
Sheppard's Edge1 Bedroom/1 Bath1BR,1BA$749
River Bend ApartmentsA11BR,1BA$750
Austin School LoftsOne Bedroom1BR,1BA$750
Seymour LandingEFF1BR,1BA$780
Waterford Glen1B1BR,1BA$780

Best Value Apartments for Rent in Wichita Falls, TX

As of September 15, 2026 the best value apartment in the Wichita Falls area is the $1.01 price per square foot C1F Model at The Maverick on Seymour in the in the North Wichita Falls neighborhood starting from $1,417. 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.
The Maverick on SeymourC1F3BR,2BA$1.01
Washington Village Apartments3 Bedroom 2 Bathroom3BR,2BA$1.02
Parkstone Crossroads3-603BR,2BA$1.16
Sheppard's Edge3 Bedroom/2 Bath3BR,2BA$1.07
Woodview22-602BR,2BA$1.09
Mustang Village2 Bed / 2 Bath2BR,2BA$0.85
1507 Polk St, Unit 1507 Polk St Apt A1507 Polk St2BR,1BA$1.00
Austin School LoftsOpen LoftStudio ,1BA$1.13
Alamo School Lofts1 Bed, 1 bath1BR,1BA$1.13
Waterford Glen1B1BR,1BA$1.09

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $945.

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 16 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 $237 which is $708 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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.