19 Cheap Apartments for rent in Amarillo, TX

Last updated September 23 at 7:17PM
705 S Florida St
San Jacinto Heights
Amarillo, TX
Updated September 23 at 5:31PM
2 Bedrooms
$625
309 N Florida
San Jacinto Heights
Amarillo, TX
Updated September 23 at 6:57PM
3 Bedrooms
$650
1606 Tyler St
Amarillo
Amarillo, TX
Updated September 6 at 2:45AM
1 Bedroom
$500
2706 Westhaven Cir
Amarillo
Amarillo, TX
Updated September 22 at 1:35AM
1 Bedroom
$550
1619 S Van Buren St
Amarillo
Amarillo, TX
Updated September 22 at 7:12PM
1 Bedroom
$650
3403 S. Taylor
Amarillo
Amarillo, TX
Updated September 13 at 9:41AM
2 Bedrooms
$590
4200 Broadway Dr
Amarillo
Amarillo, TX
Updated September 21 at 2:39AM
3 Bedrooms
$600
2005 S Austin St
Wolflin Terrace
Amarillo, TX
Updated September 19 at 10:27AM
2 Bedrooms
$625
107 Austin St
Amarillo
Amarillo, TX
Updated September 2 at 1:51AM
3 Bedrooms
$600
1210 10th Ave
Amarillo
Amarillo, TX
Updated September 9 at 6:21PM
1 Bedroom
$500
5307 Gem Lake Rd
Amarillo
Amarillo, TX
Updated September 22 at 7:04PM
2 Bedrooms
$650
1411 Buchanan St
Downtown Amarillo
Amarillo, TX
Updated August 20 at 11:26AM
2 Bedrooms
$550
2709 Curtis Dr
Amarillo
Amarillo, TX
Updated September 23 at 9:52AM
2 Bedrooms
$625
Results within 10 miles of Amarillo, TX
1 Southridge Dr
Canyon
Canyon, TX
Updated September 22 at 7:11PM
1 Bedroom
$600
2105 2nd Ave
Canyon
Canyon, TX
Updated September 20 at 6:10PM
1 Bedroom
$600
1406 8th St
Canyon
Canyon, TX
Updated September 22 at 1:40AM
3 Bedrooms
$600
2004 1st Ave
Canyon
Canyon, TX
Updated September 20 at 10:24AM
2 Bedrooms
$650
1714 6th Ave
Canyon
Canyon, TX
Updated September 21 at 11:47AM
1 Bedroom
$595
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Rent Report
Amarillo

September 2017 Amarillo Rent Report

Welcome to the September 2017 Amarillo Rent Report. In this report, we'll evaluate trends in the Amarillo rental market, including comparisons to cities throughout the state and nation.

Amarillo rents declined marginally over the past month

Amarillo rents have declined -0.1%. over the past month, but have remained flat in comparison to the same time last year. Currently, median rents in Amarillo stand at $650 for a one-bedroom apartment and $850 for a two-bedroom. Amarillo's year-over-year rent growth lags the state average of 1.5%, as well as the national average of 3.0%.

Rents rising across cities in Texas

Throughout the past year, rents have remained steady in the city of Amarillo, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Texas, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Plano is the most expensive of all Texas' major cities, with a median two-bedroom rent of $1,420; of the 10 largest cities in Texas that we have data for, Houston and Corpus Christi, where two-bedrooms go for $990 and $1,030, are the only two major cities in the state to see rents fall year-over-year (-2.4% and -0.9%).
  • Arlington, Fort Worth, and San Antonio have all experienced year-over-year growth above the state average (9.0%, 5.6%, and 2.8%, respectively).

Amarillo rents more affordable than many large cities nationwide

Rent growth in Amarillo has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Amarillo is still more affordable than most large cities across the country.

  • Amarillo's median two-bedroom rent of $850 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the stagnant growth in Amarillo.
  • While rents in Amarillo remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Amarillo than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Amarillo.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.