Cheap Apartments for Rent in the Elmwood Neighborhood of Dallas, TX from $500 (35 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
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.

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.

close
View Me
Colonial Hills
1 to 2 Bedroom Apartments

Colonial Hills

326 E Illinois AveDallas, TX 75216
  • Utilities Included
close
View Me
Casa Bonita
1 to 2 Bedroom Apartments

Casa Bonita

308 E 8th StDallas, TX 75203
  • Utilities Included
close
View Me
Muse
Studio to 3 Bedroom Apartments

Muse

3035 W Pentagon PkyDallas, TX 75233

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.

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
El Ricardo
1 Bedroom Apartments

El Ricardo

409 E 9th StDallas, TX 75203
  • Utilities Included
close
View Me
La Madera
1 to 4 Bedroom Apartments

La Madera

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

Polk Villas

3288 S Polk StDallas, TX 75224
  • Utilities Included
close
View Me
Oaks at Five Mile
Studio to 4 Bedroom Apartments

Oaks at Five Mile

3525 S Polk StDallas, TX 75224
close
View Me
Notre Dame Place
1 Bedroom Apartments

Notre Dame Place

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

Cantera Crossing

2727 W Jefferson BlvdDallas, TX 75211

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.

close
View Me
Jamestown Apartments
1 to 3 Bedroom Apartments

Jamestown Apartments

3326 Navajo DrDallas, TX 75224
  • Utilities Included
close
View Me
Bahia Apartments
1 to 3 Bedroom Apartments

Bahia Apartments

3434 Navajo DrDallas, TX 75224
  • Utilities Included
close
View Me
3311 at Vernon
1 to 3 Bedroom Apartments

3311 at Vernon

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

Hillburn Hills

1910 Argentia F...Dallas, TX 75224
close
View Me
The Anderson
1 to 2 Bedroom Apartments

The Anderson

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

Westwood

3064 Spruce Valley LnDallas, TX 75233

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.

close
View Me
The Courtland
1 to 3 Bedroom Apartments

The Courtland

3504 Fawn Valley DrDallas, TX 75224
close
View Me
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. La Madera has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Elmwood apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
MuseE3Studio,1BA$668
La MaderaA2 1x11BR,1BA$825
Cantera Crossing1 Bedroom 1 Bathroom - A11BR,1BA$875
Courtyards at GatewayA21BR,1BA$925
Overton Park ApartmentsA11BR,1BA$950
COUNTRY GREEN1/11BR,1BA$950
WINDSOR FOREST APARTMENTS1/11BR,1BA$975
Hillburn HillsEl Dorado2BR,1BA$987
Hoskins 90 at Bishop Ridge0 bedroom 1 bathStudio,1BA$1,000
Costa Bella1 Bedroom, 1 Bathroom1BR,1BA$1,005

Best Value Apartments for Rent in Elmwood, TX

As of November 17, 2025 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 B4 Model at 3311 at Vernon starting at $1,175 with a $0.97 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
3311 at VernonB42BR,1.5BA$0.97
Agave AzulTwo Bedroom-Two Bath2BR,2BA$1.29
Nolen Grand ApartmentsA11BR,1BA$1.53
Hillburn HillsEl Dorado2BR,1BA$1.33
Westmoreland StationA11BR,1BA$1.43
COUNTRY GREEN1/11BR,1BA$1.35
WINDSOR FOREST APARTMENTS1/11BR,1BA$1.49
La MaderaA1 1x11BR,1BA$1.56
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.

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

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

Pet Friendly Lifestyle
Elmwood, Dallas, TX

Ranked #105

Among cities in Texas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Elmwood Neighborhood in Dallas, TX

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

48 / 100

Some Transit

A few nearby public transportation options

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 $1,005.

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 $1,699.

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 57 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 $311 which is $1,388 cheaper than the average rent for all rentals in Elmwood.

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.

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 Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.