Cheap Apartments for Rent in the Elmwood Neighborhood of Dallas, TX from $500 (42 Rentals)

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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.

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
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Muse
Studio to 3 Bedroom Apartments

Muse

3035 W Pentagon PkyDallas, TX 75233

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.

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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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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
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Oaks at Five Mile
Studio to 4 Bedroom Apartments

Oaks at Five Mile

3525 S Polk StDallas, 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
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Jamestown Apartments
1 to 3 Bedroom Apartments

Jamestown Apartments

3326 Navajo DrDallas, TX 75224
  • Utilities Included

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

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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Bahia Apartments
1 to 3 Bedroom Apartments

Bahia Apartments

3434 Navajo DrDallas, TX 75224
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3311 at Vernon
1 to 3 Bedroom Apartments

3311 at Vernon

3211-3321 S Vernon AveDallas, TX 75224
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Hillburn Hills
2 to 4 Bedroom Apartments

Hillburn Hills

1910 Argentia F...Dallas, TX 75224
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Courtyard on Jefferson
Studio to 2 Bedroom Apartments

Courtyard on Jefferson

2717-2727 W Jefferson BlvdDallas, TX 75211
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The Anderson
1 to 2 Bedroom Apartments

The Anderson

3700 S Tyler StDallas, TX 75224
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Westwood
1 to 3 Bedroom Apartments

Westwood

3064 Spruce Valley LnDallas, TX 75233
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The Courtland
1 to 3 Bedroom Apartments

The Courtland

3504 Fawn Valley DrDallas, TX 75224

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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The Oaks
Studio to 3 Bedroom Apartments

The Oaks

630 S Llewellyn AveDallas, TX 75208
Senior Living

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. Hoskins 90 at Bishop Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Elmwood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
MuseE3Studio,1BA$668
Hoskins 90 at Bishop Ridge0 bedroom 1 bathStudio,1BA$849
Courtyards at GatewayA21BR,1BA$850
Notre Dame PlaceA21BR,1BA$865
Cantera Crossing1 Bedroom 1 Bathroom - A11BR,1BA$875
UNITi Bishop ArtsStudio CStudio,1BA$896
Overton Park ApartmentsA11BR,1BA$950
3311 at VernonA31BR,1BA$985
Hillburn HillsEl Dorado2BR,1BA$987

Best Value Apartments for Rent in Elmwood, TX

As of January 06, 2026 the best value apartment in the Elmwood area is the $1.32 price per square foot Three Bedroom Apartment Model at Five Mile Creek in the in the South Dallas neighborhood starting from $1,680. The second greatest value Elmwood apartment is the B1 Model at Westmoreland Station starting at $1,244 with a $1.22 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 CreekThree Bedroom Apartment3BR,2BA$1.32
Westmoreland StationB12BR,2BA$1.22
Nolen Grand ApartmentsB12BR,1BA$1.64
Hillburn HillsEl Dorado2BR,1BA$1.33
Holiday Hills Apartments1 Bedroom 1 Bath1BR,1BA$1.42
COUNTRY GREEN1/11BR,1BA$1.63
WINDSOR FOREST APARTMENTS1/11BR,1BA$1.56
Notre Dame PlaceA21BR,1BA$1.37
2406 Maryland Ave, Unit Right2406 Maryland Ave1BR,1BA$1.49
MuseE3Studio ,1BA$1.54

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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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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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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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.

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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 $987.

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 $1,654.

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 69 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 $475 which is $1,179 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

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

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

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

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

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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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!