Considering the demands of different location accuracy for multiple targets tracking, performance-driven resource allocation schemes in distributed MIMO radar system are proposed. Restricted by the tracking antenna number, location estimation meansquare error (MSE), and target priorities, an optimization problem of the minimal antenna subsets selection is modeled as a knapsack problem. Then, two operational schemes, modified fair multistart local search (MFMLS) algorithm and modified fair multistart local search with one antenna to all targets (MFMLS_OAT) algorithm, are presented and evaluated. Simulation results indicate that the proposed MFMLS and MFMLS_OAT algorithm outperform the existing algorithms. Moreover, the MFMLS algorithm can distinguish targets with different priorities, while the MFMLS_OAT algorithm can perform the tracking tasks with higher accuracy.