Cheap Apartments for Rent in the Elmwood Neighborhood of Dallas, TX from $500 (92 Rentals)

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

The Real Cost of Living in Dallas: Straight Talk From Your Local Expert

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212 Melba
$1,339 - $2,270
Total Monthly Price

Total Monthly Price

Base Rent
$1,339 - $2,270
Total Monthly Price
$1,339 - $2,270
1 to 2 Bedroom Apartments Available Now

212 Melba

212 Melba StDallas, TX 75208
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The 4-Step Checklist for Moving to Dallas: A Local Expert's Guide to Utilities, Licenses, and Housing

Your ultimate DFW Moving Guide: From finding the perfect Dallas neighborhood (Downtown, Oak Lawn, Casa View) to setting up utilities.

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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
  • Utilities Included
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Stoneridge
1 to 2 Bedroom Apartments

Stoneridge

501 N Marsalis AveDallas, TX 75203
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La Madera
1 to 4 Bedroom Apartments

La Madera

3702 Legendary LnDallas, TX 75224
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Polk Villas
Studio to 3 Bedroom Apartments

Polk Villas

3288 S Polk StDallas, TX 75224
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
MuseA11BR,1BA$669
La MaderaA2 1x11BR,1BA$850
Courtyards at GatewayA21BR,1BA$850
Cantera Crossing1 Bedroom 1 Bathroom - A11BR,1BA$925
COUNTRY GREEN1/11BR,1BA$999
Oaks at Five Mile1BR/1.0BA1BR,1BA$1,000
735 W 10th StStudioStudio,1BA$1,000
Overton Park ApartmentsA21BR,1BA$1,000

Best Value Apartments for Rent in Elmwood, TX

As of July 26, 2026 the best value apartment in the Elmwood area is the $1.31 price per square foot Three Bedroom Townhome Model at Five Mile Creek in the in the South Dallas neighborhood starting from $1,665. The second greatest value Elmwood apartment is the Dylan Model at Dakota at Bishop Arts starting at $1,699 with a $1.51 price per square foot in the Oak Cliff 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 CreekThree Bedroom Townhome3BR,2BA$1.31
Dakota at Bishop ArtsDylan2BR,2BA$1.51
The Oaks at HamptonB12BR,1BA$1.37
WINDSOR FOREST APARTMENTS2/22BR,2BA$1.17
Costa Bella Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.09
Hillburn HillsEl Dorado2BR,1BA$1.37
COUNTRY GREEN1/11BR,1BA$1.42
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 $1,000.

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 $1,619.

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 12 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 $149 which is $1,470 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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