Cheap Apartments for Rent in the Elmwood Neighborhood of Dallas, TX from $500 (91 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

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.

Read Article
close
View Me
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
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
close
View Me
Colonial Hills
1 to 2 Bedroom Apartments

Colonial Hills

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

Muse

3035 W Pentagon PkyDallas, TX 75233
close
View Me
Virginia Apartments
1 Bedroom Apartments

Virginia Apartments

202 S Marsalis AveDallas, TX 75203
  • Utilities Included
close
View Me
Stoneridge
1 to 2 Bedroom Apartments

Stoneridge

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

Polk Villas

3288 S Polk StDallas, TX 75224
  • Utilities Included

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

From the Bishop Arts District to Uptown, get the real story on Dallas living from a 35-year local. Explore neighborhoods, must-try food spots, and life in the Big D.

Read Article
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 Studio unit found at Muse priced from $668. La Madera has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Elmwood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
MuseE3Studio,1BA$668
La MaderaA2 1x11BR,1BA$850
Courtyards at GatewayA21BR,1BA$850
UNITi Bishop ArtsStudio CStudio,1BA$896
Overton Park ApartmentsA11BR,1BA$950
WINDSOR FOREST APARTMENTS1/11BR,1BA$950
Costa Bella1 Bedroom, 1 Bathroom1BR,1BA$955
Cantera Crossing1 Bedroom 1 Bathroom - A11BR,1BA$970
3311 at VernonA31BR,1BA$985
Swope & Mangold1 bedroom 1 bath1BR,1BA$999

Best Value Apartments for Rent in Elmwood, TX

As of April 22, 2026 the best value apartment in the Elmwood area is the $1.41 price per square foot Three Bedroom Apartment Model at Five Mile Creek in the in the South Dallas neighborhood starting from $1,788. The second greatest value Elmwood apartment is the 2X2 Model at Dallas Sonoma starting at $1,450 with a $1.53 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 Apartment3BR,2BA$1.41
Dallas Sonoma2X22BR,2BA$1.53
Agave AzulTwo Bedroom-Two Bath2BR,2BA$1.46
Oaks at Five Mile2BR/2.0BA2BR,2BA$1.54
Hillburn HillsEl Dorado2BR,1BA$1.37
The BrookmooreA11BR,1BA$1.53
COUNTRY GREEN1/11BR,1BA$1.56
WINDSOR FOREST APARTMENTS1/11BR,1BA$1.45
Courtyards at GatewayA21BR,1BA$1.52
MuseE3Studio ,1BA$1.54

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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 $999.

What is the price of a cheap apartment in Elmwood?

The cheapest apartment in Elmwood is Muse which is listed at $669, 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 14 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 $350 which is $1,358 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.

Helpful Local Expert Guides

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.

decorative image for Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX article

Top Neighborhoods to Rent Near Major Colleges and Universities in Dallas, TX

Written by: Tiffany Clark

According to the Dallas Regional Chamber, the DFW Metroplex is home to more than 70 accredited colleges and universities.

decorative image for The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers article

The Ultimate DFW Commuters Guide: Apartments Near Major Dallas Employers

Written by: Tiffany Clark

Since 1990, I've lived my best life, built a rewarding career, and raised my family in the Dallas, Texas area.

decorative image for An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years article

An Insider's Playbook: How to Live in Dallas Like You've Been Here for Years

Written by: Tiffany Clark

My ancestors on both sides were some of the earliest Texas settlers, and I have that big Texas pride that we Texans are famous for. While I've lived in other places, Texas always has been and always will be home.

Articles, How-To's, and Tips

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.