Top Rental Properties in Amarillo, TX: Your Guide to Affordable Living in 2025
Key Takeaways:
Average one-bedroom rentals in Amarillo cost $850 per month, with two-bedroom homes averaging $1,150—15 percent below the national average.
Rent-to-own opportunities allow tenants to allocate $200 to $500 of their monthly rent toward purchasing their future home.
The Colonies, Downtown Amarillo, and South Georgia are top neighborhoods offering diverse rental options for families and professionals.
Amarillo’s rental market has grown by 12 percent over the past five years, with new developments featuring energy-efficient and modern designs.
With a cost of living 20 percent lower than the national average, Amarillo is an affordable choice for individuals and families alike.
Amarillo, Texas, continues to be a top destination for renters in 2025. Whether you’re looking for affordable rental properties, rent-to-own homes in Amarillo, or flexible lease options, this vibrant city offers plenty of choices. With a cost of living that’s 15% lower than the national average, Amarillo makes living comfortably within reach.
Rental Market Insights for 2025
The Amarillo rental market has seen steady growth over the past few years, with average rents for a one-bedroom apartment at $850/month and two-bedroom homes averaging $1,150/month. Compared to other Texas cities like Austin or Dallas, Amarillo offers more affordable options without sacrificing amenities.
Who’s Renting in Amarillo?
In 2025, Amarillo appeals to a wide demographic:
Young professionals: Attracted to the city’s growing job market and lower living costs.
Families: Seeking spacious rental homes with yards in safe neighborhoods.
Retirees: Enjoying the flexibility of rentals and rent-to-own options that don’t require large upfront investments.
Why Consider Rent-to-Own in Amarillo?
For those not ready to buy outright, rent-to-own homes in Amarillo offer a flexible solution. These programs allow renters to apply a portion of their monthly rent—typically $200–$500—toward purchasing the property. With housing prices in Amarillo averaging $240,000, rent-to-own is a practical path to homeownership.
Build equity while renting.
Lock in today’s property prices.
Flexible lease terms for easier budgeting.
Top Rental Neighborhoods in Amarillo
Here’s a breakdown of Amarillo’s top neighborhoods for renters:
Downtown Amarillo
Average rent: $950/month.
Known for its walkability and vibrant nightlife.
Wolflin
Average rent: $1,200/month.
Features tree-lined streets and charming historic homes.
The Colonies
Average rent: $1,400/month.
Perfect for families, offering larger homes and excellent schools.
Southwest Amarillo
Average rent: $1,100/month.
A quieter area with access to parks and outdoor activities.
Amarillo’s Growing Rental Market
The rental market in Amarillo has grown by 12% over the last five years, fueled by the city’s affordable housing prices and a strong local economy. With more new developments planned for 2025, renters will have access to modern amenities like energy-efficient appliances and pet-friendly spaces.
Conclusion
Finding the perfect rental property in Amarillo, TX, has never been easier. Whether you’re searching for affordable rental homes, exploring rent-to-own options, or homes for sale in Amarillo, Tx or looking for a flexible lease, Amarillo offers something for everyone. With a cost of living well below the national average and a welcoming community, it’s no wonder more people are choosing Amarillo as their home.
