Cheap Apartments for Rent in the Deep Ellum Neighborhood of Dallas, TX from $500 (373 Rentals)

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

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.

Read Article

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.

Read Article

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 2805 Reagan St

2805 Reagan St

DallasTX75219

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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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 $643. Prairie House has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Deep Ellum apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Jaipur LoftsB12BR,2BA$643
Prairie HouseEvaStudio,1BA$675
Eban Village2X1B602BR,1BA$743
Gaston FlatsA11BR,1BA$775
Magnolia Place1bed 1bath1BR,1BA$795
The Gaston LoftsA11BR,1BA$825
The MarqueeA1-C1BR,1BA$850
Monarch Court1BR/1.0BA1BR,1BA$850
The Eastern ApartmentsA61BR,1BA$850
Carlisle on the Katy TrailS1Studio,1BA$854

Best Value Apartments for Rent in Deep Ellum, TX

As of October 10, 2025 the best value apartment in the Deep Ellum area is the $1.28 price per square foot Two Bedroom Two Bathroom Townhome Model at Elysian Heights in the in the East Dallas neighborhood starting from $1,999. The second greatest value Deep Ellum apartment is the 2x2 Model at Spanish Steps starting at $1,550 with a $1.11 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.
Elysian HeightsTwo Bedroom Two Bathroom Townhome2BR,2.5BA$1.28
Spanish Steps2x22BR,2BA$1.11
Greystone2x12BR,1BA$1.00
BiltmoreAsheville2BR,2BA$1.24
The Principal1 Bed 1 Bath1BR,1BA$1.14
Raleigh1x11BR,1BA$1.12
1302-1308 S Fitzhugh Ave1 Bed, 1 bath1BR,1BA$1.28
Magnolia Place1bed 1bath1BR,1BA$1.17
Monarch Court1BR/1.0BA1BR,1BA$1.31
The MarqueeA21BR,1BA$1.07

Quick Rent Budget Calculator

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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.

Getting Around the Deep Ellum Neighborhood in Dallas, TX

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

82 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

76 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $854.

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

The cheapest apartment in Deep Ellum is The Marquee which is listed at $695, while the average apartment in Deep Ellum costs $14,655.

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 116 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 $292 which is $14,363 cheaper than the average rent for all rentals in Deep Ellum.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The 10 Best Affordable Neighborhoods in Dallas, TX article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.