
Cheap Apartments for Rent in the Elmwood Neighborhood of Dallas, TX from $500 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elmwood area of Dallas.


Hoskins 90 at Bishop Ridge

Courtyards at Gateway

2404 Maryland Ave
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Holiday Hills Apartments

WINDSOR FOREST APARTMENTS

The Dakota at Bishop Arts
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.

GATEWAY OAK CLIFF APARTMENTS

East 9th Apartments

The District Apartment Homes
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Elmwood, Dallas, TX Local Guide

How much does it cost to rent an apartment in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood Studio Apartments | $1,345 | $849 | $1,668 |
| Elmwood 1 Bedroom Apartments | $1,639 | $850 | $2,794 |
| Elmwood 2 Bedroom Apartments | $1,504 | $885 | $2,999 |
| Elmwood 3 Bedroom Apartments | $1,768 | $792 | $4,175 |
| Elmwood 4 Bedroom Apartments | $1,515 | $863 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Elmwood Neighborhood of Dallas, TX.
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Elmwood, Dallas, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Muse | E3 | Studio,1BA | $668 |
| Hoskins 90 at Bishop Ridge | 0 bedroom 1 bath | Studio,1BA | $849 |
| Courtyards at Gateway | A2 | 1BR,1BA | $850 |
| Notre Dame Place | A2 | 1BR,1BA | $865 |
| Cantera Crossing | 1 Bedroom 1 Bathroom - A1 | 1BR,1BA | $875 |
| UNITi Bishop Arts | Studio C | Studio,1BA | $896 |
| Overton Park Apartments | A1 | 1BR,1BA | $950 |
| 3311 at Vernon | A3 | 1BR,1BA | $985 |
| Hillburn Hills | El Dorado | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Five Mile Creek | Three Bedroom Apartment | 3BR,2BA | $1.32 |
| Westmoreland Station | B1 | 2BR,2BA | $1.22 |
| Nolen Grand Apartments | B1 | 2BR,1BA | $1.64 |
| Hillburn Hills | El Dorado | 2BR,1BA | $1.33 |
| Holiday Hills Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.42 |
| COUNTRY GREEN | 1/1 | 1BR,1BA | $1.63 |
| WINDSOR FOREST APARTMENTS | 1/1 | 1BR,1BA | $1.56 |
| Notre Dame Place | A2 | 1BR,1BA | $1.37 |
| 2406 Maryland Ave, Unit Right | 2406 Maryland Ave | 1BR,1BA | $1.49 |
| Muse | E3 | Studio ,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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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 ArticleTop 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 ArticleQuick 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.
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 $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

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.

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.

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.

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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






























