Best Rental Properties in Amarillo, TX: Find Your Perfect Home in 2025
Key Takeaways:
Amarillo’s rental market is experiencing a 12% year-over-year increase due to population growth and a strong job market.
The median rent for a one-bedroom apartment in Amarillo is $950 per month, while a three-bedroom home averages $1,650 per month.
Rent-to-own homes provide a pathway to homeownership, allowing tenants to apply a portion of their rent toward a future purchase.
Neighborhoods like The Colonies, Puckett, and City View offer excellent rental opportunities with proximity to top schools and amenities.
B&M Equities specializes in rental homes, lease-to-own options, and investment properties to help tenants find the perfect fit.
Why Amarillo’s Rental Market Is Booming in 2025
The demand for rental properties in Amarillo has surged over the last few years, and 2025 is shaping up to be another strong year. Amarillo’s population is projected to grow by 8% by 2030, leading to increased demand for housing. The city's cost of living is 20% lower than the national average, making it an attractive location for families, retirees, and young professionals.
With rental occupancy rates in Amarillo at 94%, it’s becoming more challenging for renters to secure affordable housing, especially in high-demand neighborhoods.
Current Rental Price Trends in Amarillo
Understanding the cost of renting in Amarillo can help renters make informed decisions. Here’s a breakdown of the average monthly rent for different property types:
One-bedroom apartment – $950/month
Two-bedroom apartment – $1,250/month
Three-bedroom home – $1,650/month
Four-bedroom home – $2,100/month
Despite modest rent increases, Amarillo remains more affordable than major Texas cities like Dallas, Austin, and Houston, where the average rent for a three-bedroom home exceeds $2,500 per month.
Rent-to-Own: A Smart Alternative for Future Homeowners
Many renters in Amarillo are exploring rent-to-own homes as an alternative to traditional renting. These programs allow tenants to build equity while living in their home before officially purchasing it.
Benefits of Rent-to-Own Homes in Amarillo:
✔ Lock in Today’s Prices – Home values are rising, so securing a contract now can save thousands.
✔ No Immediate Down Payment – Unlike traditional home loans, rent-to-own agreements allow tenants to save over time.
✔ Credit Flexibility – Tenants with lower credit scores have the opportunity to improve their financial standing before securing a mortgage.
B&M Equities offers rent-to-own homes with flexible terms, making it easier for Amarillo residents to transition from renting to owning.
Best Neighborhoods for Renting in Amarillo
Choosing the right rental home in Amarillo depends on factors like location, amenities, and school districts. Here are some of the top-rated neighborhoods for renters in 2025:
1. The Colonies
Average Rent: $1,600/month for a three-bedroom home
Why Rent Here? Upscale community with excellent schools, parks, and dining options.
2. Puckett
Average Rent: $1,450/month for a two-bedroom home
Why Rent Here? Family-friendly area with large yards and quiet streets.
3. City View
Average Rent: $1,700/month for a three-bedroom home
Why Rent Here? Modern homes with proximity to shopping centers and new schools.
4. Sleepy Hollow
Average Rent: $1,850/month for a four-bedroom home
Why Rent Here? Close-knit community with walking trails and excellent amenities.
The Future of Amarillo’s Rental Market
Experts predict that Amarillo’s rental market will continue growing at a rate of 4-6% per year, keeping it competitive but still affordable compared to other Texas cities. With increasing job opportunities and economic growth, many new residents are choosing to rent before buying a home.
Investors are also taking notice—over 15% of Amarillo's homes are owned by real estate investors, leading to more rental property options for tenants. However, as home prices rise, locking in a lease or a rent-to-own agreement sooner rather than later is a smart move.
How B&M Equities Can Help You Find the Perfect Rental Home
At B&M Equities, we specialize in:
✔ Single-family rental homes
✔ Rent-to-own properties
✔ Investment properties for landlords and investors
We work with tenants to find affordable, well-maintained homes in Amarillo’s best neighborhoods. Whether you’re looking for a short-term rental or planning to transition to homeownership, we can help you find the right fit.
Thinking About Buying a Home Instead? Consider Custom-Built Homes in Amarillo
While renting is a great option for many, some Amarillo residents are looking for long-term homeownership solutions that offer more flexibility. If you’re considering buying instead of renting, a custom-built home may be the perfect alternative.
Custom-built homes offer modern designs, energy efficiency, and personalized layouts tailored to your needs. If you're ready to explore custom homes in Amarillo, TX, check out our Custom Home Building Services in Amarillo to see how you can create your dream home from the ground up.
Conclusion
Amarillo’s rental market continues to grow, offering a variety of affordable housing options for renters and future homeowners. Whether you’re searching for a short-term rental, a long-term lease, or a rent-to-own home, Amarillo provides excellent opportunities in top-rated neighborhoods.
If you’re ready to start your search, check out our latest rental listings and see how B&M Equities can help you find the perfect home in Amarillo. And if you’re considering homeownership, don’t forget to explore custom-built homes in Amarillo for a truly personalized living experience.
