Cheap Apartments for Rent in the Elmwood Neighborhood of Dallas, TX from $500 (84 Rentals)

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

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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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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212 Melba
$1,365 - $2,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,365 - $2,270
Total Monthly Price
$1,365 - $2,270
1 to 2 Bedroom Apartments Available Now

212 Melba

212 Melba StDallas, TX 75208
Affordability
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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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Colonial Hills
1 to 2 Bedroom Apartments

Colonial Hills

326 E Illinois AveDallas, TX 75216
  • Utilities Included
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Muse
Studio to 3 Bedroom Apartments

Muse

3035 W Pentagon PkyDallas, TX 75233
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Virginia Apartments
1 Bedroom Apartments

Virginia Apartments

202 S Marsalis AveDallas, TX 75203
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Stoneridge
1 to 2 Bedroom Apartments

Stoneridge

501 N Marsalis AveDallas, TX 75203
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Polk Villas
Studio to 3 Bedroom Apartments

Polk Villas

3288 S Polk StDallas, TX 75224
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La Madera
1 to 4 Bedroom Apartments

La Madera

3702 Legendary LnDallas, TX 75224
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Notre Dame Place
1 Bedroom Apartments

Notre Dame Place

810 S Madison AveDallas, TX 75208
Senior Living
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Cantera Crossing
1 to 3 Bedroom Apartments

Cantera Crossing

2727 W Jefferson BlvdDallas, TX 75211

Beyond Big D: The Ultimate Renter's Guide to 5 Key Cities in the DFW Area

Your complete guide to renting in the DFW suburbs. Learn about 5 cities near Dallas—from the affordability of Duncanville to the upscale living of Southlake—to choose where to call home.

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Showing Results 1-50, Page 1 of 2

Elmwood, Dallas, TX Local Guide

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of Dallas, TX is a 1 Bed unit found at Costa Bella Apartments priced from $595. The Bonnie has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Elmwood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Costa Bella Apartments1 Bedroom, 1 Bathroom1BR,1BA$595
The BonnieA11BR,1BA$650
MuseE3Studio,1BA$668
La MaderaA2 1x11BR,1BA$850
Courtyards at GatewayA21BR,1BA$850
Oaks at Five Mile1BR/1.0BA1BR,1BA$1,000
Overton Park ApartmentsA21BR,1BA$1,000
The AndersonA11BR,1BA$1,015
Hillburn HillsEl Dorado2BR,1BA$1,017
The CourtlandA11BR,1BA$1,025

Best Value Apartments for Rent in Elmwood, TX

As of June 06, 2026 the best value apartment in the Elmwood area is the $1.37 price per square foot Two Bedroom Townhome Model at Five Mile Creek in the in the South Dallas neighborhood starting from $1,528. The second greatest value Elmwood apartment is the B2 Model at The Oaks at Hampton starting at $1,389 with a $1.43 price per square foot in the South Dallas neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Five Mile CreekTwo Bedroom Townhome2BR,2BA$1.37
The Oaks at HamptonB22BR,2BA$1.43
WINDSOR FOREST APARTMENTS2/22BR,2BA$1.20
Costa Bella Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.09
Dallas Sonoma1X11BR,1BA$1.53
Hillburn HillsEl Dorado2BR,1BA$1.37
COUNTRY GREEN1/11BR,1BA$1.52
Overton Park ApartmentsA21BR,1BA$1.48
The BonnieA11BR,1BA$1.08
Courtyards at GatewayA21BR,1BA$1.52

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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Best Local Schools in
Elmwood, Dallas, TX

School data provided by Great Schools

Frequently Asked Questions about Cheap Elmwood Apartments

What is a cheap apartment in Elmwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,025.

What is the price of a cheap apartment in Elmwood?

The cheapest apartment in Elmwood is Costa Bella Apartments which is listed at $595, while the average apartment in Elmwood costs $1,708.

What types of apartments are the cheapest in Elmwood?

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 6 regular apartments in Elmwood 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 Elmwood?

Cheap apartments in Elmwood have an average cost of $242 which is $1,466 cheaper than the average rent for all rentals in Elmwood.

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.

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