8

Studio Apartments for Rent in Odessa, TX

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    Starting at $1,137

    Total Monthly Price

    • Studio - 2 Beds

    4001 de Morada Dr, Odessa, TX 79765

    Welcome to Legado Ranch. Visit us and learn why we are the best provider of apartment homes for rent in all of Odessa, TX. We are a luxury residential community nestled between the Midland International Airport and the University of Texas of the Permian Basin. We are a pet-friendly community featuring spacious studios, one bedroom, two-or three-bedroom apartments. Our location is less than 10

    Advenir at Legado Ranch

    4001 de Morada Dr, Odessa, TX 79765
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    Starting at $1,250 Per Month

    • Studio - 2 Beds

    8225 Dorado Dr, Odessa, TX 79765

    Experience elevated living at The Penwell Apartments in Odessa, TX, where modern interiors and resort-style amenities come together. Enjoy a resort-style pool with lounge areas, a sand volleyball court, a synthetic turf putting green, a large clubhouse, a Starbucks® coffee bar, a conference room, and a 24-hour fitness center with on-demand classes.Our Odessa apartments feature

    The Penwell

    8225 Dorado Dr, Odessa, TX 79765
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    $1,649 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Furnished Studio-Odessa

    3031 E Business Loop 20, Odessa, TX 79761

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Odessa

    3031 E Business Loop 20, Odessa, TX 79761
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    $595

    Total Monthly Price

    • Studio
    • 1 Bath
    • 360 Sq Ft
    • Condo for Rent

    909 W 21st St, Odessa, TX 79763

    At more than $250 BELOW all other rents in the area this affordably priced home features 0 bedrooms and 1 bathrooms and a total of 360 square feet of living space. This property is perfect for a growing family – it is safe, clean, near schools, has W/D hookups, a fenced yard, is pet friendly and comes equipped with ceiling fans in all rooms.

    909 W 21st St, Odessa, TX 79763
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    $595 Per Month

    • Studio
    • 1 Bath
    • 360 Sq Ft
    • Condo for Rent

    909 W 21st St Unit 909 West 21st St -Loft, Odessa, TX 79763

    909 W 21st St Unit 909 West 21st St -Loft, Odessa, TX 79763

Why Live in Odessa

Friday night football at Permian High School's Ratliff Stadium stands as a cornerstone of Odessa's community spirit. The Wagner Noël Performing Arts Center hosts diverse musical acts and classical concerts between Odessa and Midland. Residents enjoy exploring the Ellen Noël Art Museum's rotating exhibits, catching Shakespeare performances at the Globe of the Great Southwest, and visiting the unique Odessa Meteor Crater. The Music City Mall features two indoor playgrounds, a video arcade, a Venetian carousel, and a roller coaster simulator. Local dining highlights include mesquite-grilled steaks at The Legendary Barn Door, wood-fired pizzas at Cork & Pig Tavern, and contemporary American cuisine at Red Oak Kitchen.

The housing market in Odessa includes approximately 400 homes for sale, ranging from $119,000 to $935,000. The median sale price for single family homes is $295,000, while townhomes have a median price of $198,500. Country Club Estates commands the highest median single family home prices at $625,000, followed by North Country Club Estates at $405,000. More affordable neighborhoods include Beverly Heights with a median single family home price of $99,900 and Bellaire Heights at $224,000.

Odessa's cost of living sits 6.9% below the national average. A family with school-age children needs approximately $99,000 annually to live comfortably, while renters should aim for $53,000. The property tax rate in Ector County is 1.28%, slightly higher than neighboring Midland County at 1.26%. Texas charges no state income tax, and the combined sales tax rate is 8.20%. Top-rated public schools include Reagan Elementary School and Odessa Collegiate Academy Early College High School, both rated A minus by Niche. The University of Texas of the Permian Basin provides higher education opportunities within the city.

Frequently Asked Questions

How much does it cost to rent a home in Odessa, TX?
The median rent for a home in Odessa, TX is $2,200 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Odessa, TX?
To comfortably afford the median rent in Odessa, TX, a household needs to earn roughly $88,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,200 per month in Odessa, TX, renters typically need to show $6,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Odessa, TX?
In Odessa, TX, the price-to-rent ratio is 8.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$2,200
Median Single Family Home Rent
$2,100
Median Townhouse Rent
$2,200
Median Condo Rent
$1,000
How to Rent a Home