Cheap Apartments for Rent in the Lake West Neighborhood of Dallas, TX from $500 (150 Rentals)

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

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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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Named as one of the Best Affordable Neighborhoods to rent in Dallas, TX by our Dallas, TX Local Expert Tiffany Clark. See how it ranks!

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Lake West, Dallas, TX Local Guide

Cheapest Available Lake West Apartments for Rent

 

The cheapest available apartment rental in the Lake West area of Dallas, TX is a 1 Bed unit found at Pegasus Villas 62+ Apartments priced from $861. Parea Oak Lawn has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Lake West apartments for rent in Dallas, TX:

Apartment ListingModel NameBed/BathPriced From
Pegasus Villas 62+ ApartmentsOne Bedroom B1BR,1BA$861
Parea Oak LawnA31BR,1BA$899
Carlisle on the Katy TrailS1Studio,1BA$899
The FrancescaStudioStudio,1BA$975
Marthas Vineyard Place0/1Studio,1BA$977
Inwood On The ParkEFFStudio,1BA$1,009
Eclipse Oak LawnA-2 1/11BR,1BA$1,050
The Brix ApartmentsBrix-1 Studio, 479 Square FeetStudio,1BA$1,079
Manor House ApartmentsGriffinStudio,1BA$1,090
Bel Air on MapleE1A1BR,1BA$1,099

Best Value Apartments for Rent in Lake West, TX

As of June 17, 2025 the best value apartment in the Lake West area is the $1.77 price per square foot C1 Model at Kessler Bluffs in the in the Victory Park neighborhood starting from $2,899. The second greatest value Lake West apartment is the Loft 13 Model at Trinity Loft starting at $2,400 with a $1.80 price per square foot in the Downtown Dallas neighborhood. Here is today’s list of the best values for Lake West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kessler BluffsC13BR,2BA$1.77
Trinity LoftLoft 132BR,2BA$1.80
5225 MapleB22BR,2BA$1.73
Maverick Oak Lawn TownhomesB22BR,2BA$1.51
Villas at Katy TrailB3 2 Bedroom 2 Bath2BR,2BA$1.75
Parea Oak LawnB12BR,2BA$1.68
Atera ApartmentsCaroline1BR,1BA$1.66
Pike West Commerce1a11BR,1BA$1.75
Eclipse Oak LawnA-2 1/11BR,1BA$1.58
Marthas Vineyard Place0/1Studio ,1BA$1.75

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.

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Pet Friendly Lifestyle
Lake West, Dallas, TX

Ranked #10

Among neighborhoods in Dallas, TX for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lake West, Dallas, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Texas and customized analysis for Central Dallas, TX. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, apartment communities for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lake West Apartments

What is the Cheapest Studio apartment in Lake West?

Currently the most affordable Cheap Studio Apartment in Lake West is at Carlisle on the Katy Trail listed at $899.

How much is rent for a Cheap One Bedroom Lake West Apartment?

The lowest price for a Cheap One Bedroom Lake West Apartment is $861 at Pegasus Villas 62+ Apartments.

What is the lowest price for a Cheap Two Bedroom Lake West Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake West is starting from $1,199 at Carlisle on the Katy Trail.

What is the most affordable Lake West Three Bedroom Apartment?

The best deal on a cheap Lake West Three Bedroom Apartment rental is at 1001 Ross Apartments and starts from $2,155.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.