Cheap Homes for Rent in Amarillo, TX from $400 (30 Rentals)

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Amarillo, TX Local Guide

Cheapest Neighborhoods for Apartments in Amarillo, TX

Pricing Updated: 04/03/2025

Current apartment rentals in the Amarillo, TX area range in price from $299 to $2,450 with an overall median price of $1,278. The three Amarillo neighborhoods with the lowest median rent pricing are Plemons Historic District at $724, Downtown Amarillo at $595, 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$895$7242
Downtown Amarillo$1,160$59566
Dumas Junction$1,160$63561
Old San Jacinto$1,342$59535
Route 66 District$1,342$29995
Llano Historic District$1,375$63529
Wolflin Historic District$1,442$49973
Soncy$1,508$29928

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. Reserve @ 47 in the Wolflin Historic District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Amarillo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Amarillo Med HotelDouble Bed1BR,1BA$299
Reserve @ 47A31BR,1BA$600
Veranda Gardens0x1Studio,1BA$625
Candlewyck ApartmentsSmall EfficiencyStudio,1BA$635
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$655
Patterson Place1BD 1BA1BR,1BA$655
North Grand Villas2B60-22BR,2BA$659
CROSS TIMBERS AT GRAND STREETA11BR,1BA$668
The Park at 54th ApartmentsOne Bedroom1BR,1BA$675

Best Value Apartments for Rent in Amarillo, TX

As of April 03, 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
The Aspen ApartmentsBelmont (2x2)2BR,2BA$0.93
Country Club2 Bedrooms, 1.5 Bathrooms2BR,1.5BA$0.83
Summit ParkB22BR,1.5BA$0.94
Concord Apartments1 Bedroom, 1 Bathroom1BR,1BA$0.95
Patterson Place1BD 1BA1BR,1BA$0.95
Ridgecrest ApartmentsOne Bedroom, One Bath1BR,1BA$1.02
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 190 Apartments for Rent in Amarillo, TX with pricing that ranges from $299 to $2,450. There are also 140 Single Family Homes for rent, Condos, and Townhome rentals currently available in Amarillo ranging from $450 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 $450 to $3,200 with an average monthly rent of $1,301.

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 $916 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 $1,300 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.