Cheap Apartments for Rent in the Deep Ellum Neighborhood of Dallas, TX from $500 (393 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Deep Ellum area of Dallas.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1317 Annex Ave

$925 - $1,025

1 Bedroom Rentals

Available Now

1317 Annex Ave

DallasTX75204

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

From the Bishop Arts District to Uptown, get the real story on Dallas living from a 35-year local. Explore neighborhoods, must-try food spots, and life in the Big D.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 811 Skillman St

$995 - $1,095

1 To 2 Bedroom Rentals

Available Now

811 Skillman St

DallasTX75214

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Deep Ellum, Dallas, TX Local Guide

Cheapest Available Deep Ellum Apartments for Rent

 

The cheapest available apartment rental in the Deep Ellum area of Dallas, TX is a Studio unit found at 4625 Junius St priced from $725. Eban Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $743. Here are the most affordable Deep Ellum apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
4625 Junius StS1Studio,1BA$725
Eban Village2X1B602BR,1BA$743
Monarch Court1BR/1.0BA1BR,1BA$775
Fitzhugh ApartmentsS1Studio,1BA$775
4625 VirginiaB11BR,1BA$845
The Eastern ApartmentsA61BR,1BA$850
Carlisle on the Katy TrailA11BR,1BA$889
Columbia OaksA11BR,1BA$895
The Courtyards at Lower GreenvilleS2Studio,1BA$895
Swissaire ApartmentsSStudio,1BA$895

Best Value Apartments for Rent in Deep Ellum, TX

As of January 12, 2026 the best value apartment in the Deep Ellum area is the $1.41 price per square foot 2 Bedroom, 1 Bathroom Model at Crest Manor in the in the East Dallas neighborhood starting from $1,550. The second greatest value Deep Ellum apartment is the Oleson Model at Prairie House starting at $960 with a $1.07 price per square foot in the East Dallas neighborhood. Here is today’s list of the best values for Deep Ellum apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Crest Manor2 Bedroom, 1 Bathroom2BR,1BA$1.41
Prairie HouseOleson1BR,1BA$1.07
Raleigh1x11BR,1BA$1.12
The MarqueeB12BR,1BA$1.37
4702 San Jacinto St, Unit 14702 San Jacinto St1BR,1BA$1.27
5330 JuniusA11BR,1BA$1.35
Columbia OaksA11BR,1BA$1.31
Munger Place1x11BR,1BA$1.38
5317 Junius St1BR/1.0BA1BR,1BA$1.38
4625 Junius StS1Studio ,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Learn about the best Dallas neighborhoods for student renters by our Dallas, TX Local Expert Tiffany Clark

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Deep Ellum, Dallas, TX

Ranked #4

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Deep Ellum, Dallas, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Texas including Deep Ellum, Dallas, and the greater Dallas area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best outdoor access, places to raise kids, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Deep Ellum Apartments

What is a cheap apartment in Deep Ellum?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Deep Ellum is under $895.

What is the price of a cheap apartment in Deep Ellum?

The cheapest apartment in Deep Ellum is Eban Village which is listed at $743, while the average apartment in Deep Ellum costs $13,500.

What types of apartments are the cheapest in Deep Ellum?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 147 regular apartments in Deep Ellum that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Deep Ellum?

Cheap apartments in Deep Ellum have an average cost of $203 which is $13,297 cheaper than the average rent for all rentals in Deep Ellum.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Dallas, TX

Written by: Tiffany Clark

Dallas is a vibrant, dynamic city that offers no shortage of opportunities and a high quality of living for young professionals, families, and retirees.

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Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Written by: Tiffany Clark

According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

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The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers

Written by: Tiffany Clark

Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

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An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

Written by: Tiffany Clark

My ancestors on both sides were some of the earliest Texas settlers, and I have that big Texas pride that we Texans are famous for. While I've lived in other places, Texas always has been and always will be home.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!