Looking for a cheap apartment for rent in Texas Panhandle, TX? With RENTCafé, finding an affordable apartment in Texas Panhandle, TX has never been easier. We feature 10 low-priced rentals directly from property managers, with rents lower than the Texas Panhandle, TX average. What is a cheap rent in Texas Panhandle, TX? The average apartment rent in Texas Panhandle is $743 per month so any rental south of $595 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $369 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $447, while a cheap 2-bedroom apartment will cost you about $554 per month.