Cheap Apartments for Rent in Odessa, TX from $500 (53 Rentals)

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Cheap Apartments in Odessa.

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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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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The Palms II
Studio to 1 Bedroom Apartments

The Palms II

613 Express WayOdessa, TX 79761
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Sierra Ridge
1 to 2 Bedroom Apartments

Sierra Ridge

1322 E 7th StOdessa, TX 79761
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The Grove Apartments
1 to 3 Bedroom Apartments

The Grove Apartments

401 Lasseter AveOdessa, TX 79763
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Kona Kai Apartments
1 to 2 Bedroom Apartments

Kona Kai Apartments

1315 W 24th StOdessa, TX 79763
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Springwood
1 to 2 Bedroom Apartments

Springwood

1201 Harless AveOdessa, TX 79763
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Village Place
1 to 4 Bedroom Apartments

Village Place

1220 Adams AveOdessa, TX 79761
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High Plains
1 to 2 Bedroom Apartments

High Plains

3727 Andrews HwyOdessa, TX 79762
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Marquee West
1 to 2 Bedroom Apartments

Marquee West

1111 W 13th StOdessa, TX 79763
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Wyndchase
1 Bedroom Apartments

Wyndchase

4100 E 50th StOdessa, TX 79762
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Stanley Heights
Studio to 2 Bedroom Apartments

Stanley Heights

2413 Idlewood LnOdessa, TX 79761
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Alturas Eleventh
1 to 2 Bedroom Apartments

Alturas Eleventh

2828 E 11th StOdessa, TX 79761
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2320 E 21st St
Studio to 2 Bedroom Apartments

2320 E 21st St

2320 E 21st StOdessa, TX 79761
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Tanglewood Terrace
1 to 2 Bedroom Apartments

Tanglewood Terrace

4010 Tanglewood LnOdessa, TX 79762
Showing Results 1-50, Page 1 of 2

Odessa, TX Local Guide

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Staff Writer
Local Guide Expert

Cheapest Available Odessa Apartments for Rent

 

The cheapest available apartment rental in Odessa, TX is a 1 Bed unit found at Magnolia Living - 62 and Over priced from $506. ARBOR OAKS has the second lowest priced unit, which is a 3 Beds apartment currently listed from $824. Here is today’s list of the most affordable Odessa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$506
ARBOR OAKSAO-33BR,2BA$824
Trestles CondominiumsOne Bedroom1BR,1BA$850
Westwinds Village1/1, 519 sq ft1BR,1BA$895
High PlainsA11BR,1BA$899
Westwood SquareOne Bedroom Apartment Home1BR,1BA$899
The Paddocks ApartmentsA1 U1BR,1BA$900
University GardensA11BR,1BA$945
Sunset1 Bedroom Apartment Home1BR,1BA$945
AlaraA11BR,1BA$950

Best Value Apartments for Rent in Odessa, TX

As of May 03, 2025 the best value apartment in the Odessa area is the $1.43 price per square foot Two Bedroom Townhome Model at Country Crest Townhomes in the starting from $1,600. The second greatest value Odessa apartment is the AO-2 Model at ARBOR OAKS starting at $943 with a $0.87 price per square foot . Here is today’s list of the best values for Odessa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Country Crest TownhomesTwo Bedroom Townhome2BR,1.5BA$1.43
ARBOR OAKSAO-22BR,2BA$0.87
Brookview2 Bedroom Apartment Home2BR,1.5BA$1.42
Village Place4 Bedroom4BR,1BA$1.66
Fairgreen1x11BR,1BA$1.47
Cru Apartments1x11BR,1BA$1.35
Westwood SquareOne Bedroom Apartment Home1BR,1BA$1.24
Magnolia Living - 62 and OverOne Bedroom1BR,1BA$0.71
The Woodlands Apartment HomesEdwards-Classic1BR,1BA$1.61
AlaraA11BR,1BA$1.66

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Odessa Overview

Since the early twentieth century, Odessa has been considered a “boom town” for its access to oil and other natural resources. This has led it to become one of the most bullish job markets in the entire country. The city is growing rapidly and the community comes together throughout the year with fun and free festivals and other activities. This expansion is creating a melting-pot effect as more people begin to flow in from all over the country making it an exciting time to own or rent an apartment in Odessa!

Why live in Odessa, TX?

People search for apartments in Odessa to be a part of one of the fastest-growing small cities in America. Still known as an “energy town” with its sister city to the north, Midland, the boom in this industry has continued to influence record-high job growth, up to 60%. Residents have also seen their incomes increase by almost 100% since 2000. As the rest of the country relies heavily on natural resources, Odessa’s in the prime location within the Permian Basin to continue to be its supplier.

Best Local Schools in
Odessa, TX

School data provided by Great Schools

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

Explore Odessa, TX Rentals by Map

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See the most popular apartments and homes in Odessa, TX

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Getting Around Odessa, TX

Walk Score®

31 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Odessa Apartments

What is the Cheapest Studio apartment in Odessa?

Currently the most affordable Cheap Studio Apartment in Odessa is at Advenir at Legado Ranch listed at $1,119.

How much is rent for a Cheap One Bedroom Odessa Apartment?

The lowest price for a Cheap One Bedroom Odessa Apartment is $506 at Magnolia Living - 62 and Over.

What is the lowest price for a Cheap Two Bedroom Odessa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Odessa is starting from $943 at ARBOR OAKS.

What is the most affordable Odessa Three Bedroom Apartment?

The best deal on a cheap Odessa Three Bedroom Apartment rental is at ARBOR OAKS and starts from $824.

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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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.

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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.