Cheap Apartments for Rent in the Deep Ellum Neighborhood of Dallas, TX from $500 (344 Rentals)

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

property at 5408 Reiger Ave

$825 - $1,225

2 To 3 Bedroom Rentals

Available Now

5408 Reiger Ave

DallasTX75214

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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property at 1317 Annex Ave

$1,080 - $1,115

1 Bedroom Rentals

Available Now

1317 Annex Ave

DallasTX75204
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4300 Junius St
$1,090
Total Monthly Price

Total Monthly Price

Base Rent
$1,090
Total Monthly Price
$1,090
Studio Apartment Available Now

4300 Junius St

4300 Junius StDallas, TX 75246
Affordability
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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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property at 948 Corinth St

$1,125 - $1,650

Studio To 2 Bedroom Rentals

Available Now

948 Corinth St

DallasTX75215

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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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 2 Beds unit found at Jaipur Lofts priced from $695. 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
Jaipur LoftsB12BR,2BA$695
Eban Village2X1B602BR,1BA$743
Fitzhugh ApartmentsS1Studio,1BA$775
Magnolia PlaceA11BR,1BA$795
Paragon Apartments1 Bed/1 Bath1BR,1BA$795
Columbia OaksA11BR,1BA$825
Swissaire ApartmentsSStudio,1BA$839
2722 Throckmorton0 Beds, 1 BathsStudio,1BA$850
Courthouse ApartmentsStudioStudio,1BA$865
Avenue 32751 Beds, 1 Baths1BR,1BA$875

Best Value Apartments for Rent in Deep Ellum, TX

As of July 19, 2026 the best value apartment in the Deep Ellum area is the $1.51 price per square foot a02 Model at South Side on Lamar in the in the Downtown Dallas neighborhood starting from $1,652. The second greatest value Deep Ellum apartment is the B1 Model at The Reiger starting at $1,550 with a $1.47 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.
South Side on Lamara021BR,1BA$1.51
The ReigerB12BR,1BA$1.47
Avenue 32751 Beds, 1 Baths1BR,1BA$1.15
The Principal0 Bed 1 BathStudio ,1BA$1.48
Columbia OaksA11BR,1BA$1.21
Magnolia PlaceA11BR,1BA$1.17
Paragon Apartments1 Bed/1 Bath1BR,1BA$1.18
Munger PlacePearl1BR,1BA$1.38
Edgewood Manor Senior LivingStudioStudio ,1BA$1.46
Nuvo Luna1 x 11BR,1BA$1.51

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $875.

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 $21,272.

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 210 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 $178 which is $21,094 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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According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

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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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Rent According to Income: A Look at Income-Restricted Rentals

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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