Cheap Homes for Rent in Amarillo, TX from $500 (38 Rentals)

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Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 04/24/2025

Current apartment rentals in the Amarillo, TX area range in price from $299 to $2,450 with an overall median price of $1,265. The three Amarillo neighborhoods with the lowest median rent pricing are Plemons Historic District at $700, Downtown Amarillo at $625, and Dumas Junction at $635. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Amarillo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Plemons Historic District$945$7003
Downtown Amarillo$1,160$62591
Dumas Junction$1,160$63563
Wolflin Historic District$1,218$55090
Old San Jacinto$1,342$40536
Route 66 District$1,342$299112
Llano Historic District$1,375$63531
Soncy$1,578$29946

Cheapest Available Amarillo Apartments for Rent

 

The cheapest available apartment rental in Amarillo, TX is a 1 Bed unit found at Amarillo Med Hotel in the Soncy neighborhood priced from $299. Veranda Gardens has the second lowest priced unit, which is a Studio apartment currently listed from $594. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amarillo Med HotelDouble Bed1BR,1BA$299
Veranda Gardens0x1Studio,1BA$594
Reserve @ 47A31BR,1BA$600
The Parks at Granite0 bedroom 1 bathroomStudio,1BA$625
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$635
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
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675

Best Value Apartments for Rent in Amarillo, TX

As of April 24, 2025 the best value apartment in the 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 Amarillo apartment is the B2 Model at Mariposa at Jason Avenue starting at $1,057 with a $0.97 price per square foot in the Dumas Junction neighborhood. Here is today’s list of the best values for Amarillo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
North Grand Villas3B60-23BR,2BA$0.72
Mariposa at Jason AvenueB22BR,2BA$0.97
Cypress Creek at Jason AvenueTrinity2BR,2BA$1.01
10109 River Rd, Unit A10109 River RdStudio ,1BA$1.00
Hunter's Crossing Apartments1BD 1BA1BR,1BA$1.02
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Patterson Place1BD 1BA1BR,1BA$0.95
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$1.02
CROSS TIMBERS AT GRAND STREETA11BR,1BA$1.03
Amarillo Med HotelDouble Bed1BR,1BA$0.75

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Frequently Asked Questions about Amarillo

What type of rentals are currently available in Amarillo?

There are currently 184 Apartments for Rent in Amarillo, TX with pricing that ranges from $299 to $3,799. There are also 150 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $575 to $3,200.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Amarillo ranges from $575 to $3,200 with an average monthly rent of $1,420.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Amarillo range from $547 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,000. Four Bedroom Single-Family rentals are also available starting from $925 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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.