Cheap Homes for Rent in Downtown Amarillo Neighborhood of Amarillo, TX from $500 (20 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Amarillo area of Amarillo.

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Downtown Amarillo, Amarillo, TX Local Guide

Cheapest Available Downtown Amarillo Apartments for Rent

 

The cheapest available apartment rental in the Downtown Amarillo area of Amarillo, TX is a 1 Bed unit found at CROSS TIMBERS AT GRAND STREET priced from $644. Patterson Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here are the most affordable Downtown Amarillo apartments for rent in Amarillo, TX:

Apartment ListingModel NameBed/BathPriced From
CROSS TIMBERS AT GRAND STREETA11BR,1BA$644
Patterson Place1BD 1BA1BR,1BA$655
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
North Grand Villas2B60-22BR,2BA$659
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$695

Best Value Apartments for Rent in Downtown Amarillo, TX

As of May 15, 2025 the best value apartment in the Downtown Amarillo area is the $0.72 price per square foot 3B60-2 Model at North Grand Villas in the in the Dumas Junction neighborhood starting from $916. The second greatest value Downtown Amarillo apartment is the Three Bedroom Model at Cathys Pointe Apartments starting at $1,160 with a $1.04 price per square foot in the Dumas Junction neighborhood. Here is today’s list of the best values for Downtown Amarillo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
North Grand Villas3B60-23BR,2BA$0.72
Cathys Pointe ApartmentsThree Bedroom3BR,2BA$1.04
Cypress Creek at Jason AvenueTrinity2BR,2BA$1.01
The Parks at Granite Apartments2 bedroom 2 bathroom2BR,2BA$1.01
The Eddison1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$1.08
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Patterson Place1BD 1BA1BR,1BA$0.95
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$1.02
Amarillo Square Apartments1 Bedroom 1 Bathroom1BR,1BA$1.14
CROSS TIMBERS AT GRAND STREETA11BR,1BA$1.03

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown Amarillo

What type of rentals are currently available in Downtown Amarillo?

There are currently 76 Apartments for Rent in Downtown Amarillo, TX with pricing that ranges from $644 to $3,298. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Amarillo ranging from $575 to $2,300.

What is the current price range for Rental Homes in Downtown Amarillo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Amarillo ranges from $575 to $2,300 with an average monthly rent of $1,261.

How much are larger Three and Four Bedroom Rentals in Downtown Amarillo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Amarillo range from $916 to $1,445, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $857.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.