Cheap Apartments for Rent in the Deep Ellum Neighborhood of Dallas, TX from $500 (363 Rentals)

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

property at 921 Ann Ave

921 Ann Ave

DallasTX75223

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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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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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Named as one of the Best Affordable Neighborhoods to rent in Dallas, TX by our Dallas, TX Local Expert Tiffany Clark. See how it ranks!

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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 1 Bed unit found at The Marquee 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
The MarqueeA21BR,1BA$695
Eban Village2X1B602BR,1BA$743
Kiva EastB12BR,2BA$784
Magnolia Place1bed 1bath1BR,1BA$795
Green HouseFern1BR,1BA$848
Carolina ApartmentsA-11BR,1BA$850
The Eastern ApartmentsA61BR,1BA$850
Carlisle on the Katy TrailS1Studio,1BA$854
Courthouse ApartmentsStudioStudio,1BA$865
Columbia OaksA11BR,1BA$895

Best Value Apartments for Rent in Deep Ellum, TX

As of July 01, 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 Asheville Model at Biltmore starting at $1,628 with a $1.30 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
BiltmoreAsheville2BR,2BA$1.30
Avenue 3275A11BR,1BA$1.19
Greystone1x11BR,1BA$1.11
Treymore At CityplaceThe Berlin2BR,1BA$1.34
Serenity Place Apartments2 Bedroom 1 Bathroom2BR,1BA$1.06
Columbia OaksA11BR,1BA$1.31
Magnolia Place1bed 1bath1BR,1BA$1.17
Monarch Court1BR/1.0BA1BR,1BA$1.34
The MarqueeA21BR,1BA$1.07

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Deep Ellum, Dallas, TX

Ranked #5

Among neighborhoods in Dallas, TX 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 $895.

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 $7,856.

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 113 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 $339 which is $7,517 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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.